India to lead global growth: OECD

India to lead global growth: OECD

“The prospects of growth of Indian economy is pretty strong. It played a substantial role in global recovery... It is helping average growth of the global economy look good,” Gurria said addressing a joint press conference with Finance Minister Pranab Mukherjee here.  Without specifying, Gurria said: “The Indian economy is enjoying one of the highest growth rates in the world, more than triple the rate of the OECD member countries.”

“India’s estimated GDP for 2011 will place it tenth in the world, ahead of 27 OECD members. The prospects for continued high rates of growth in the Indian economy appear strong,” he said. Gurria said with high economic growth, India has witnessed a significant shift in the pattern of overseas investments.

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