Organisation for Economic Cooperation and Development

Organisation for Economic Cooperation and Development Latest News

Recently, the Organisation for Economic Cooperation and Development (OECD)  projected India’s economy to grow at 6.1% in 2026-27.

About Organisation for Economic Cooperation and Development

• The OECD was established on Dec. 14, 1960, by 18 European nations, plus the United States and Canada.
• OECD members are typically democratic countries that support free-market economies.
• Members: It is an international organisation of 38 countries committed to democracy and the market economy.
• Goal: 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.

Source: NIE

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