India showing positive signs, says OECD

Paris/ New Delhi: Emerging economies such as India, Brazil, Russia and China showed positive signals in February compared with the previous month, according to rganisation for Economic Cooperation and Development’s (OECD) composite leading indicators.

“The assessment for Brazil, India, Russia and in particular China shows stronger positive signals compared to last month’s (January) assessment,” OECD said on Tuesday while releasing the index.

Paris-based OECD said its leading indicator of economic activity in India rose to 98.6% in February from 98.4% in January. This was the fourth straight monthly increase.

The organization’s leading indicators are designed to provide early signals of turning points between the expansion and slowdown of economic activity, and are based on a wide variety of data series that have a history of signalling changes.

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