OECD Economic Outlook, Volume 2010 Issue 1
The OECD Economic Outlook analyses the current economic situation and examines the economic policies required to foster a sustained recovery in member countries. This issue covers the outlook to end-2011 for both OECD countries and selected non-OECD economies. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.
In addition to the themes featured regularly, this issue contains three special chapters. The first covers prospects for growth & imbalances beyond the short-term, the second covers return to work after the crisis, and the third examines counter cyclical economic policy.
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India
Following an uptick in growth in the first half of 2009, a sharp contraction in agricultural output caused by deficient monsoonal rainfall held back the momentum of the Indian economy. Nevertheless, the non-agricultural sector has continued to perform well and recent high-frequency indicators of activity and business sentiment suggest that this segment of the economy is growing robustly. With agricultural output expected to rebound sharply, economic growth should be strong in the near term before moderating to around trend rates.
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