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Growth Forecast for India to be at 9.7% for FY22--OECD

Published on September 23, 2021
Current Context: The Organisation for Economic Co-operation and Development (OECD) has forecasted India’s growth to be at 9.7% for the current fiscal year of FY22.
Growth Forecast for India to be at 9.7% for FY22--OECD
  • The OECD has pared its growth forecast for India by 20 basis points to 9.7% for FY22.
  • The reason behind the reduction is the growing risk of the pandemic in the country.
  • India’s growth projection for FY23 was also reduced by 30 basis points to 7.9%.
  • The inflation forecast for India was raised by 50 basis points to 5.9% for this fiscal FY22 and by 70 basis points to 5.5% for the next year FY23.
  • Static Part: 
    • HQ of OECD: Paris, France

Question: 

Q.1 As per OECD, is India’s GDP to be at ___% for FY22?
a. 9.7%
b. 10.7%
c. 8.5%
d. 7.5%

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