OECD raises India’s growth forecast for FY24 to 6.3 per cent; inflation outlook revised upward

The Indian economy is expected to grow at an average rate of 6.3% in FY24, higher than the earlier projection of 6%, according to the Organisation for Economic Co-operation and Development (OECD). The report also notes that India's inflation has been revised upward to 5.3% from the earlier projection of 4.8%. While the OECD calls for restrictive monetary policy to control inflation, it suggests that some countries, including India, could consider easing next year.

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