Correct option is B
The Correct answer is(b) OECD raised India's 2025 outlook to 6.7% on domestic demand & GST reform traction
Explanation:
Statement (b) is correct. In September 2025, the Organisation for Economic Co-operation and Development ( OECD) raised India's GDP growth forecast for 2025 (FY26) to 6.7% from an earlier projection of 6.3%. This upward revision was attributed to strong domestic demand and the traction from Goods and Services Tax (GST) reforms.
Statement (a) is incorrect because the OECD did not cut the outlook to 5.9% in 2025.
Statement (c) is incorrect. The World Bank upgraded its FY26 growth outlook to 6.5%, not 4.8%.
Statement (d) is incorrect. The IMF projected India's growth at 6.6% for FY26 (or 6.4% for the calendar year 2025), not 3.5%.
Information Booster:
The upward revision by the OECD came despite potential headwinds from higher global tariff rates.
Domestic conditions, robust private consumption, and government investment were key drivers noted by various agencies for India's strong performance in 2025.
India continues to be recognized by these international bodies as the world's fastest-growing major economy.
Additional Knowledge:
(a) OECD cut India's 2025 growth outlook to 5.9%:
This is incorrect. The OECD raised its outlook, and the figure 5.9% is not relevant to their 2025 projections for India.
(c) World Bank projected India at 4.8% for 2025:
This is incorrect. The World Bank's actual projections were significantly higher (6.5% for FY26). The 4.8% figure was China's projected growth according to the IMF.
(d) IMF projected India at 3.5% for 2025:
This is incorrect. The IMF's projection was 6.6% for FY26. The 3.5% figure is not accurate for India's 2025 outlook.