India expected to have stable growth: OECD

London, Aug 10 (IANS) The OECD, the Paris-based think tank of developed economies, on Monday said it expected India’s growth to be stable, even as it forecast a slowing of the Chinese economy.

“Stable growth momentum is expected in Germany, Japan and India. The CLI (composite leading indicators) for Russia also points to stable growth momentum albeit below long term trend,” the Organisation for Economic Cooperation and Development (OECD) said in a statement.

“In Brazil and China, CLIs point more strongly than last month to a loss in growth moment,” it said.

The latest prediction by OECD comes against the backdrop of a host of institutions, notably the World Bank and the IMF foreseeing India to overtake China in growth this fiscal.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here