Date: 25/11/2022

India seen among fastest growing economies in Asia: OECD

Amid a global slowdown triggered by a massive energy shock due to the ongoing Russia-Ukraine conflict, India, with a growth rate of 6.6 per cent in this financial year, is among the fastest-growing economies in Asia, said the Organisation for Economic Cooperation and Development (OECD) in its latest ‘Economic Outlook.’ India is set to be the second-fastest growing economy in the G20 in FY2022-23 behind Saudi Arabia. After hitting 6.6 per cent in 2022-23, GDP growth is expected to slow in the coming quarters, to 5.7 per cent in FY2023-24, before reverting to around 7 per cent in FY2024-25, it said, as per a report.
Source: Exim News Service: Paris, Nov. 24