OECD Projects India’s Growth at 6.3% in FY27, 6.4% in FY28 Despite Global Economic Headwinds

June 3, 2026 3:28 PM

OECD Projects India’s Growth at 6.3% in FY27, 6.4% in FY28 Despite Global Economic Headwinds

India is projected to grow by 6.3 per cent in 2026-27 (FY27) and 6.4 per cent in 2027-28 (FY28), despite mounting global economic challenges stemming from the ongoing West Asia conflict, according to the latest outlook released by the Organisation for Economic Co-operation and Development (OECD) on Wednesday. The OECD said the conflict in the Middle East has emerged as the primary factor shaping the global economic outlook, triggering a surge in energy and commodity prices and weakening growth ...

India’s GIFT City rises in ‘Global Financial Centres Index 37’

March 26, 2025 7:03 PM

India’s GIFT City rises in ‘Global Financial Centres Index 37’

Gujarat International Finance Tec-City (GIFT City) on Wednesday said it has achieved notable improvements in multiple categories in the latest edition of the Global Financial Centres Index (GFCI 37), along with securing the top rank in the ‘Reputational Advantage’ category. GIFT City also climbed from 45th to 40th in the FinTech ranking and improved its overall ranking from 52nd to 46th, making significant strides in establishing itself as a premier international financial centre. Addition...

Ambitious climate action could boost global 2040 GDP by 0.2%, says OECD study

March 25, 2025 7:04 PM

Ambitious climate action could boost global 2040 GDP by 0.2%, says OECD study

Accelerated climate action could boost global GDP by 0.2% by 2040 compared with current policies, a study showed on Tuesday, as delegates from 40 countries meet in Berlin to shape the agenda for the COP30 summit in Brazil later this year. An analysis by the Organisation for Economic Co-operation and Development (OECD) and United Nations Development Programme said that well-designed climate policies not only cut emissions but could enhance efficiency, productivity and innovation -potentially rai...

Solid domestic demand growth to continue in India for next two years: OECD

September 27, 2024 4:16 PM

Solid domestic demand growth to continue in India for next two years: OECD

Economic growth in G20 emerging markets, including India, is expected to remain steady, according to the latest report from the Organisation for Economic Co-operation and Development (OECD). The Paris-based research body highlighted that domestic demand in emerging economies, such as India and Indonesia, will maintain its momentum. "Solid domestic demand growth is projected to continue in India and Indonesia over the next two years," the report stated. The OECD has also revised India's GDP gr...

OECD upgrades global growth outlook as U.S. outperforms

May 2, 2024 5:47 PM

OECD upgrades global growth outlook as U.S. outperforms

The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected with central banks' targets, the OECD said on Thursday, upgrading its outlook. The global economy would maintain the 3.1% growth rate seen last year and pick up marginally to 3.2% next year, the Organisation for Economic Cooperation and Development said, upgrading forecasts dating from February for growth of 2.9% this year and 3% in ...

India to grow at 6.6 per cent over next two years, driven by public sector demand: OECD

September 16, 2024 4:26 PM

India to grow at 6.6 per cent over next two years, driven by public sector demand: OECD

India's GDP is expected to grow by 7.8 per cent in the concluded financial year 2023-24, with a projection of 6.6 per cent growth over the next two fiscal years, according to latest Economic Outlook report from OECD. The report cautions that global near-term developments could pose challenges to achieving higher growth. According to the report, India's domestic demand will be driven by gross capital formation, particularly in the public sector, while private consumption growth is expected to re...