Organisation for Economic Cooperation and Development:
The Organisation for Economic Cooperation and Development (OECD) projected India’s economy to grow at 6.1% in 2026-27.
- The OECD was established in 1960, by 18 European nations, plus the United States and Canada.
- OECD members are typically democratic countries that support free-market economies.
- It is an international organisation of 38 countries committed to democracy and the market economy.
- The stated goal of the OECD is to shape policies that foster prosperity, equality, opportunity and well-being for all.
- The OECD publishes economic reports, statistical databases, analyses, and forecasts on the outlook for economic growth worldwide.
- The organization also seeks to eliminate bribery and other financial crime worldwide.
- The OECD maintains a so-called “black list” of nations that are considered uncooperative tax havens.
- India is one of the many non-member economies with which the OECD has working relationships in addition to its member countries.
- India has been an OECD Key Partner since 2007
- Headquarters: Paris, France.
