In its Global Economic Outlook, the Paris-based Organization for Economic Cooperation and Development (OECD) said that the latest data for India pegs growth at 7.9 percent in the fourth quarter… the fastest pace in the last 5 quarters. This has taken full year growth to 7.6 percent, just above the government’s target of 7.5 percent and the government expects this trend to continue, reports Moneycontrol. OECD expects the combined economy of its member nations – excluding India and China – to grow 1.8 percent this year and at 2.1 percent in 2017.
In an interview at CNBC-TV18, Jonathan Garner, Chief Asia & EM equity strategist, Morgan Stanley, said, “India has risen to number three out of 27 countries that we assess on a monthly basis. However, the government will need to deliver on its promise of reforms, especially long-pending ones like goods and services tax. “
