OECD keeps India's FY23 GDP growth forecast unchanged at 6.9%

The Organisation for Economic Cooperation and Development (OECD) has retained India’s real GDP growth projection for 2022-23 at 6.9 per cent. GDP growth for 2023-24 is estimated at 5.7 per cent. OECD further stated that monetary policy tightening and weaker global demand are expected to help in taming the inflation by end of 2023.