India must speed reforms to achieve 8% growth: OECD

New Delhi

INDIA is emerging from its worst economic slowdown in a quarter-century, but needs big structural reforms to return to the 8-per cent-plus growth needed to generate jobs for its burgeoning young population, the OECD said on Wednesday.

The Organisation for Economic Cooperation and Development left unchanged its 5.4-per cent-growth forecast for this financial year to March 30, 2015 - a figure broadly in line with government projections and up from 4.7 per cent expansion posted by India last year.