OECD pegs FY16 growth higher at 6.6%

The country's economy is coming out of its worst slowdown in a quarter century , but implementation of new reforms will be key to putting it on a strong and sustainable growth path of 8%, an OECD Economic Survey of India report has said. India's growth rate will be 6.6% in 2015-16, up from its last forecast of 5.7% growth in May , the Paris-based think-tank said. The economy is to expand by 5.4% this fiscal, it said. GDP growth would edge higher to 6.8% in 2016-17.