For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

India's growth weakening: OECD

India's growth weakening: OECD
India's growth is weakening, while those of developed nations is improving the OECD has said pointing to its composite leading indicators.

"Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, point to growth picking up in most major economies.

In the United States and Japan, the CLIs continue to point to economic growth firming. The CLI for China provides a more positive outlook compared with last month's assessment, with the CLI now pointing towards growth picking up," the OECD has said.

In the Euro Area as a whole, and in particular in Germany, the CLIs continue to indicate a pick-up in growth. The CLIs point to no further decline in growth in France and to a positive change in momentum in Italy.

The CLIs for the United Kingdom, Canada, Brazil and Russia point to growth close to trend rates while the CLI for India indicates weakening growth.

Read more about: oecd
Story first published: Thursday, April 11, 2013, 9:07 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more