Economic growth in India firming up, says OECD
The Dollar Business Bureau Close to Moody’s Investors Services affirming the Government of India’s credit rating outlook to ‘positive’ from ‘stable’, the Organisation for Economic Co-operation and Development (OECD)’s said that its Composite Leading Indicators (CLIs) for India indicate firming growth. Turning points of CLIs tend to precede turning points in economic activity relative to trend by approximately six months, point to strengthening of growth momentum in the euro area too. A release by OECD said that In Italy and France, the signs of a positive change in momentum, which were assessed as tentative in March, have now been confirmed while the CLI for Germany continues to point to positive change in Momentum. The outlook is for stable growth ...
