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.