PARIS, September 30 — The Organisation for Economic Co-operation and Development (OECD) upgraded India's Gross Domestic Product (GDP) growth forecast for the fiscal year 2026–27 to 7.1% in its latest Interim Economic Outlook report released on Wednesday.
The upward revision reflects India’s sustained domestic economic momentum, bolstered by robust government capital expenditure (capex) on physical infrastructure, steady private consumption, buoyant goods and services tax (GST) receipts, and dynamic expansion in high-tech services exports. The report noted that India remains the fastest-growing major economy among G20 nations despite elevated global trade fragmentation and energy market volatility.
Ministry of Finance officials affirmed that the OECD's upgrade confirms the underlying strength of India's macroeconomic fundamentals and fiscal consolidation trajectory.
Multilateral economic institutions, macroeconomic indicators, and sovereign growth projections are core topics in Indian economy and banking awareness sections. Candidates should note that the OECD is an intergovernmental economic organization of 38 member countries, established in 1961 and headquartered in Paris, France.