Team Blitz India
NEW DELHI: In an era defined by India’s robust economic and population expansion, its active engagement with the Organisation for Economic Co-operation and Development (OECD) is a strong indicator of progress.
Member countries of OECD have warmly welcomed India’s increasing involvement, which spans over two decades, ever since India’s initial participation in the OECD Steel Committee.
A significant milestone
The pivotal moment came on May 16, 2007 when the OECD Council at Ministerial level adopted a resolution to fortify collaboration with India. Along with Brazil, China, Indonesia, and South Africa, India was recognised as Key Partner of the OECD, marking a significant milestone.
As a Key Partner, India is integral to OECD’s analytical databases and discussions, enabling Indian policymakers to tap into the organisation’s technical expertise and analytical prowess.
India has played a substantial role in shaping OECD standards across various domains. It has ratified 12 OECD legal instruments and actively contributed to setting international standards in diverse areas.
Shaping global policies
India’s involvement in developing inclusive and forward-looking legal frameworks for corporate governance and competition, at par with OECD Member countries, demonstrates its dedication to fostering a level playing field.
Collaborative initiatives with the OECD within the G20 framework further accentuate India’s role in shaping international economic policies. India has also made substantial contributions to economic policy discussions and actively participates in peer reviews and the activities of OECD’s Economic Policy Committee and the Economic and Development Review Committee.
