The Organisation for Economic Cooperation and Development (OECD) expects 'firming growth' in India against the signs of moderate or stagnant growth in other advanced as well as emerging economies.
The India's composite leading indicator (CLI) stood at 99.9 in August from 99.8 recorded in July.
OECD said, "Firming growth is expected in India. Among the major emerging economies, CLIs continue to point to a loss of growth momentum in China, and weak growth momentum in Brazil and Russia."
The firming growth is also expected in France and Italy. The other European regions such as Germany and the Euro area as a whole should witness a stable growth momentum.
"The CLI for the OECD area as a whole points to growth easing, with a loss of growth momentum anticipated in the United Kingdom and the United States, albeit from relatively high levels, and signs of a more moderate easing of growth in Canada and Japan," it added.
CLIs are designed to anticipate turning points in economic activity relative to trend, show signs of a moderating growth outlook in most major economies.