India all set on growth path: OECD

New Delhi: India is poised to return to a high growth path while its BRIC peers Brazil, China and Russia are expected to record below-trend growth rates, an OECD report said on Tuesday.

“CLIs (composite leading indicators) point to growth below trend in Brazil, China and Russia. The CLI tentatively indicates a positive turning point in India, suggesting a return to faster growth,” the Organisation for Economic Co-operation and Development (OECD) said. India has grown below 5 per cent in each of the two previous financial years.