Q. According to recently released OECD report, what is the expected growth rate of India’s economy in 2024-25?
Answer:
6.6%
Notes: The OECD's "Economic Outlook" report, released on May 2, 2024, raised India's economic growth forecast for 2024-25 to 6.6%, up from 6.2%. It also projects a 6.6% growth rate for 2025-26. The OECD joins other institutions in revising India's growth prospects. The report attributes India's accelerated growth to increased public investment and business confidence. It emphasizes the need for the government to address indebtedness through revenue growth, spending efficiency, and fiscal rules.