The Organization for Economic Co-operation and Development (OECD) announced upward revisions to India’s economic growth projections for the fiscal year (FY) 2021-22, in its interim economic outlook released Tuesday. Key takeaways India’s economic growth rate raised by 4.7 percentage points at 12.6% for 2021-22. It pegged the economic growth rate to ease to 5.4% in 2022-23, which would be higher by 0.6 percentage points than its earlier estimates. India would share its fastest-growing large economy tag with Indonesia. The Indian economy was projected to decline by 8% in the current fiscal year. However, OECD believes that contraction would be less steep at 7.4%. USD/INR rebounds in Asia The Indian rupee failed to benefit from the OECD’s upward revision to the growth forecasts, as USD/INR rebounded from three-day lows of 72.77. The spot currently trades at 72.97, up 0.27% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Overall negative phase is intact – UOB FX Street 1 year The Organization for Economic Co-operation and Development (OECD) announced upward revisions to India's economic growth projections for the fiscal year (FY) 2021-22, in its interim economic outlook released Tuesday. Key takeaways India's economic growth rate raised by 4.7 percentage points at 12.6% for 2021-22. It pegged the economic growth rate to ease to 5.4% in 2022-23, which would be higher by 0.6 percentage points than its earlier estimates. India would share its fastest-growing large economy tag with Indonesia. The Indian economy was projected to decline by 8% in the current fiscal year. However, OECD believes that contraction would be less… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
