DISCOVERING THE POWER OF OECD: HOW THIS INTERNATIONAL ORGANISATION IS SHAPING THE WORLD?

The Organisation for Economic and Development (OECD) is an international organisation that works to promote economic growth prosperity , and development around the world. It is made up of 37 member countries including the world's most developed economies such as United States, Canada, Japan, and European Union Member states.

The OECD was founded in 1961 with the aim of helping member counties achieve economic stability and growth through cooperation and sharing practices . It focuses on a wide range of issues related to economic development, including trade, taxation, financial regulation, environmental protection and social welfare.

One of the main functions of OECD is to provide a forum for member countries to discuss and develop policies that can help to promote economic growth and development . It does this through a variety of means, including technical assistance , and the development of international standards and best practices.

In addition to its work on economic issues , the OECD also focuses on social and environmental issues . It has developed a range of tools and indicators to help member countries assess and improve their performance in areas such as education, health and the environment .

INDIA AND OECD

India is not a member of OECD . However India has a relationship with OECD through its status as a key partner. This means that India works closely with the OECD on a range of issues , including economic growth, trade and development.

In recent years , India has sought to deepen its relationship with OECD, particularly  in the areas of trades and investment . The OECD has provided technical assistance to India on issues such as trade policy, tax reform, and reform, and infrastructure development.

Despite not being a member of the OECD, India has benefited from its work in a number of ways. For example , the OCED has helped India to improve its trade and investment policies, and has provided assistance on issues such as tax reform and infrastructure development. India's relationship with the OECD is an important part of its efforts to promote economic growth an development.

Overall , the OECD plays a key role in promoting economic development and cooperation among it's member countries , and its work had significant impact on global economy.