According to a recently released OECD report, what is the expected growth rate of India’s economy in 2024–25?
6.6%
2024 May
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3/5 |
India's projected economic growth for 2024–25 was increased from 6.2% to 6.6% in the OECD's 'Economic Outlook' report, which was published on May 2, 2024. In addition, a 6.6% growth rate is projected for 2025–2026. Along with other organizations, the OECD has updated India's growth prospects. The report credits higher public investment and business confidence for India's faster growth. It highlights the necessity for fiscal regulations, efficient spending, and revenue growth to be used by the government to combat debt.