India's economy is on a strong growth path, with its real GDP growing at 7.7% during the April-September 2023 quarter, the highest among all global economies, and is on track to become the world's third-largest economy. The country also saw the second-highest ever GST collections in January 2024, with double-digit year-on-year growth, reflecting the robust health of its economy. The OECD has revised its 2024 global growth forecast to 2.9% from 2.7% in November, and expects a 3% growth in 2025. The US economy is projected to grow three times as fast as the UK's in 2024, with a GDP growth of 2.1% in 2024 and 1.7% in 2025. China's GDP is expected to grow at 4.7% in 2024 and 4.2% in 2025, with inflation rates of 1% in 2024 and 1.5% in 2025. The Euro-area is forecasted to grow at 0.6% in 2024 and 1.3% in 2025, while Japan's growth is projected to be 1% for both years, with a slight downward revision for 2025 from 1.2%. The OECD's upward revision of the global growth outlook is partly attributed to US economic strength.
India leads....and was revised even higher> OECD: World economic growth is expected to ease from 3.1% in 2023 to 2.9% this year, better than the 2.7% expected in November (Reuters) OECD latest GDP forecasts vs November outlook https://t.co/qGw4c57ebV
OECD raises global growth outlook on US strength https://t.co/4g8peZPRRS https://t.co/2lsGRFnR6v
US economy to grow three times as fast as UK’s in 2024, predicts OECD https://t.co/6s9K987EuX
January 2024 saw the second-highest ever GST collections in the history, with double-digit year-on-year growth. This shows the robust health of India's economy and underlines its trajectory in the right direction. #ViksitBharatBudget https://t.co/kDpFo6h2Wz
🔴 OECD SEES JAPANESE GROWTH OF 1% IN 2024 (UNCHANGED), AND CUTS 2025 TO 1% FROM 1.2%.
🔴 OECD ELEVATES 2024 GLOBAL GROWTH FORECAST TO 2.9% (VS 2.7% IN NOVEMBER), AND SEES 3% IN 2025 (UNCHANGED).
🔴 OECD: CHINA'S GDP IS TO GROW 4.7% IN 2024 AND 4.2% IN 2025.
OECD RAISES 2024 GLOBAL GROWTH FORECAST TO 2.9% (VS 2.7% IN NOVEMBER), SEES 3% IN 2025 (UNCHANGED)
🔴 OECD SEES CHINA INFLATION AT 1% IN 2024 AND 1.5% IN 2025.
🔴 OECD: EURO-AREA GDP TO GROW 0.6% IN 2024 AND 1.3% IN 2025.
🔴 OECD: US GDP TO GROW 2.1% IN 2024 AND 1.7% IN 2025
India's real GDP grew at 7.7% during the April-September 2023 quarter, the highest among all economies across the world. This puts Bharat on track to become the world's third largest economy in years to come. #ViksitBharatBudget https://t.co/VUBOA65sNz