OECD Increases India's 2025 Growth Forecast Amid Geopolitical Challenges
The Organisation for Economic Cooperation and Development (OECD) has raised its GDP growth forecast for India from 6.3% to 6.7% for 2025, citing robust domestic demand and the positive impact of Goods and Services Tax reforms. The report notes a significant decline in food price inflation due to strong domestic supply chains and strategic export controls, providing relief amid global inflationary pressures. While global growth is projected to reach 3.2% in 2025, concerns persist over rising tariffs and trade uncertainties, particularly from the U.S. The OECD’s outlook underscores India’s economic resilience and adaptability, reinforcing its potential as a key player in the evolving global economic landscape amidst geopolitical disruptions.