The Organisation for Economic Co-operation and Development has become the latest global body to raise its growth forecast for India.
The OECD, in its interim report, said India’s economy will grow by 7.1% in 2026-27, up from 6.3% forecast in June. It did, however, say that growth in the second half of the year is expected to slow.
The organisation said several countries have been able to mitigate the damage from the West Asia crisis by rapid growth in artificial intelligence-related investment and production in many economies.
The upgrade comes soon after the three most-recognised global ratings agencies – Moody’s, S&P Global, and Fitch Ratings – raised their respective growth outlooks for India over the last week.
