India may reclaim ‘fastest-growing economy’ tag in 2021-22: Report

India may reclaim its position as the 'fastest-growing economy' in the world, according to OECD's latest growth estimate for the country in 2021-22. Here is all you need to know:

The Organisation for Economic Co-operation and Development (OECD) on Tuesday projected India’s economy to sharply rebound after plunging into recession earlier this year. In its latest interim economic outlook report, OECD estimates India’s GDP growth to rebound 12.6 per cent in the financial year 2021-22, ahead of China’s 7.8 per cent. If the global body’s growth projection proves accurate, India will again become the fastest-growing economy in the world — a tag that it had lost a few years ago. India: 12.6% The global body’s GDP projection for India in FY22 is also the highest among all G20 countries. China: 7.8%