OECD revises India’s FY2015 progress forecast to 6.6%

The Organization for Economic Co-operation and Development on Thursday raised India’s FY2025 growth forecast to 6.6% from an earlier estimate of 6.2%.

“Despite relatively sluggish private consumption growth, strong investment and improving business confidence in India are projected to propel real GDP growth to more than six and a half per cent in both FYs 2025 and 26,” the OECD (Organization for Economic Co-operation and Development) said.