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India is expected to have a positive growth: OECD report

Jun 11, 2014 15:25 IST

The Organisation for Economic Co-operation and Development (OECD) released a report on 10 June 2014. The report claims that it is expected that India would have a positive growth i.e. it will have a faster growth.

Based upon Composite Leading Indicators (CLIs) it forecasted that except India the growth of other BRIC nations namely Brazil, China and Russia will be below trend.

CLIs for the United States and Canada are expected stable growth momentum, and for UK the growth momentum is stable at above-trend rates.

The CLI for Japan points to a disruption in its growth momentum.

CLIs continue to indicate a positive change in momentum for the Euro Area as a whole and in Italy. CLIs point to stable growth momentum for Germany and France.

CLIs (Composite Leading Indicators)
Composite leading indicators (CLIs) were designed to anticipate turning points in economic activity relative to trend, continue to suggest that the growth momentum is weakening in most major emerging economies.

About Organisation for Economic Co-operation and Development (OECD)

OECD was established in 1961 and headquartered at Paris, France. OECD is a forum established to promote policies that will improve the economic and social well-being of people around the world.

Secretary-General of the OECD: Angel Gurria

Is this article important for exams ? Yes53 People Agreed
Read more Current Affairs on: OECD , Composite leading indicators , BRIC

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