OECD Economic Outlook, Volume 2019 Issue 2
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a series of focus notes on selected macroeconomic and structural issues, and a chapter summarising developments and providing projections for each individual country.
India
Economic growth is projected to recover to just under 6½ per cent in FY 2021 as election‑related uncertainties fade and monetary and fiscal policies have become accommodative. The new income‑support scheme for farmers and a good monsoon are supporting private consumption. The cut in corporate income tax will support corporate investment. Inflation and the current account deficit will remain moderate given the relatively large spare capacity in the economy and low oil prices. Job creation remains a challenge.
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