Indian economy saw the ‘strongest growth’ in the first quarter of 2015 among large economies, including China, the US, Germany and Canada, according to Paris-based think tank OECD.
Data compiled by the Organisation for Economic Cooperation and Development (OECD) showed that overall GDP growth in the G-20 area was slightly lower at 0.7 per cent during the January-March period. In the 2014 December quarter, the region had seen an overall expansion of 0.8 per cent.
“India recorded the strongest growth in the first quarter of 2015 (2.1 per cent, up from 1.4 per cent in the previous quarter),” it said in a statement on Thursday.
OECD’s quarterly GDP numbers for G-20 countries have been calculated based on a new methodology.
As per the grouping, Canadian, American and Brazilian economies contracted in the first three months of this year.