Tag: Organisation for Economic Co-operation and Development (OECD)

OECD predicts India’s FY21 GDP at -9.9%

GDP
  • The Organisation for Economic Co-operation and Development (OECD) has marginally raised its GDP prediction for India to a contraction of 9.9% in 2020-21 (FY21) from its earlier projection of (-)10.2% in September 2020.

India ranked 2nd in OECD International Migration Outlook report

indian flag
  • India has acquired the second rank in terms of the number of migrants going to the Organisation for Economic Co-operation and Development (OECD) countries and acquiring the citizenship of those countries.
  • China retained its top spot with 4.3 lakh migrants.

India’s economy to shrink by 3.7% (means -3.7%) in the fiscal year 2020-21 stated OECD

GDP
  • The Organisation for Economic Co-operation and Development (OECD) declared India’s growth at -3.7% for the ongoing fiscal with a rider that growth could decline further to -7.3% in the event of a second COVID-19 outbreak, according to its Economic Outlook (EO) published on 10th June.