The Organisation for Economic Co-operation and Development (OECD) on 21st November slightly cut India’s economic growth forecast for 2019 to 5.8% but said it would pick up to 6.2% in 2020 and further to 6.4% in 2021. Paris-based OECD said private investment would bounce back as capacity utilisation rises and the cost of borrowing for the corporate sector declines. According to OECD India has been a growth champion in recent years and has succeeded in taming inflation, the current account deficit, and non-performing loans.
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