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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected