Oecd India Growth Forecast

India’s Chief Economic Advisor V Anantha Nageswaran has shared his note of caution for cryptocurrencies. The official expressed that cryptocurrencies are yet to pass the test to become fiat currency, while also mentioning that it would be difficult to regulate them.

Remaining one of the fastest growing economies, India is projected to see a growth of around 7.5 per cent in the current financial year even as the world economic growth is "stuck in a low-growth trap", says the Organisation for Economic Cooperation and Development (OECD).

Meanwhile, OECD said that with China expected to continue rebalancing its economy from manufacturing to services, growth is forecast at 6.5 per cent in 2016 and 6.2 per cent in 2017.

With "relatively robust" growth prospects, the Indian economy is expected to expand by 7.2 per cent this fiscal year but difficulty in passing key structural reforms and large non-performing loans are holding it back, the Organisation for Economic Cooperation and Development (OECD) has said.

Revising its forecast downwards, the Organisation for Economic Co-operation and Development (OECD) on Thursday projected a 5.4 per cent growth for the Indian economy this year as global recovery continues at a moderate pace.

The forecast for India is much lower than OECD's estimated growth of 6.9 per cent for overall emerging Asia during the same period. Emerging Asia comprises Southeast Asian nations, China and India.

In its twice-yearly Economic Outlook, the Organisation for Economic Cooperation and Development forecast the world economy would grow 3.1 per cent this year before accelerating to 4 per cent in 2014.

Describing OECD's 4.4 per cent economic growth forecast for India in the current fiscal as "completely wrong", Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the think-tank does not know what it is doing.

Differing with International Monetary Fund's growth forecast of 4.9 per cent for India during 2012, Planning Commission Deputy Chairman Montek Singh Ahluwalia said it has a statistical problem.

India’s Chief Economic Advisor V Anantha Nageswaran has shared his note of caution for cryptocurrencies. The official expressed that cryptocurrencies are yet to pass the test to become fiat currency, while also mentioning that it would be difficult to regulate them.

Remaining one of the fastest growing economies, India is projected to see a growth of around 7.5 per cent in the current financial year even as the world economic growth is "stuck in a low-growth trap", says the Organisation for Economic Cooperation and Development (OECD).

Meanwhile, OECD said that with China expected to continue rebalancing its economy from manufacturing to services, growth is forecast at 6.5 per cent in 2016 and 6.2 per cent in 2017.

With "relatively robust" growth prospects, the Indian economy is expected to expand by 7.2 per cent this fiscal year but difficulty in passing key structural reforms and large non-performing loans are holding it back, the Organisation for Economic Cooperation and Development (OECD) has said.

Revising its forecast downwards, the Organisation for Economic Co-operation and Development (OECD) on Thursday projected a 5.4 per cent growth for the Indian economy this year as global recovery continues at a moderate pace.

The forecast for India is much lower than OECD's estimated growth of 6.9 per cent for overall emerging Asia during the same period. Emerging Asia comprises Southeast Asian nations, China and India.

In its twice-yearly Economic Outlook, the Organisation for Economic Cooperation and Development forecast the world economy would grow 3.1 per cent this year before accelerating to 4 per cent in 2014.

Describing OECD's 4.4 per cent economic growth forecast for India in the current fiscal as "completely wrong", Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the think-tank does not know what it is doing.

Differing with International Monetary Fund's growth forecast of 4.9 per cent for India during 2012, Planning Commission Deputy Chairman Montek Singh Ahluwalia said it has a statistical problem.