Question : Latest OECD Economic Outlook projections released on May 31, 2021. Accordingly, India is projected to be the fastest-growing G20 economy in 2021. How much India’s gdp growth estimated in 2021 ?
a. 9.9%
b. 8.2%
c. 9.2%
d. 8.7%
Ans. a.
Related facts
- Latest OECD Economic Outlook projections released on May 31, 2021.
- The Organisation for Economic Co-operation and Development (OECD) cut its growth projection for India for 2021 to 9.9 per cent from 12.6 per cent estimated in March.
- This is due to the second wave of coronavirus infections has paused economic recovery in Asia’s third largest economy.
- OECD said while India is projected to be the fastest-growing G20 economy in 2021, it will also be the one which is the furthest away from its pre-crisis GDP trend.
- It is notable that OECD has revised up its growth projections across the world’s major economies since its last full Economic Outlook in December 2020.
- It now sees global GDP growth at 5.8 per cent this year (compared with 4.2 per cent projected in December), helped by a government stimulus-led upturn in the US, and at 4.4 per cent in 2022 (3.7 per cent in December).
By — Pankaj Pandey.
Link:
https://www.oecd.org/newsroom/oecd-sees-brighter-economic-prospects-but-an-uneven-recovery.htm