India's Economy to grow in FY23 says OECD

     The Organization for Economic Cooperation and Development (OECD) pegged that FY23 economic growth at 6.9% as a result of the Ukraine and Russia war. The macroeconomic report by OECD in june shows that India's GDP would would slow down to 6.9% in FY23 and to 6.2% in FY24. The current GDP of the country shows a 8.7%.On June 7, 2022 the world bank had cut the real GDP growth forecast for India to 7.5% due to the inflationary pressure, supply pressures and geopolitical tensions.

India's economy grew by 8.7% in FY22, making the country one of the fastest growing economy in the world. As of now the GDP of India is of $3.1 trillion being the the world's sixth largest economy.