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India's economy likely to grow 6.4% next year; may be a hair's breadth away from China by 2016: OECD

OECD cuts growth forecast for India to 5.4%
In yet another endorsement of the new government's policies aimed at reviving the economy, the OECD has bumped up India's growth forecast for next year citing a pickup in investment because of the improved political situation that stems from the Narendra Modi-led BJP having come to power with a substantial majority that will enable it to undertake reforms.
The country could be within striking distance of China by 2016 in terms of the pace of growth, with that country forecast to slow  .. Read more at:  http://economictimes.indiatimes.com/news/economy/indicators/indias-economy-likely-to-grow-6-4-next-year-may-be-a-hairs-breadth-away-from-china-by-2016-oecd/articleshow/45061141.cms

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