The Organisation for Economic Co-operation and Development (oecd) has said that India's economy is coming out of its worst slowdown in 25 years. In its Economic Survey of India released in New Delhi yesterday, the Paris-based think-tank said, implementation of new reforms will be key to putting the country's economy on a strong and sustainable growth path of 8 per cent. Adding that India was recovering faster than other economies which faced slowing growth, the OECD said that the country's economy will expand by 5.4 per cent this fiscal. It said, India's growth rate will grow by 6.6 per cent in 2015-16, up from its last forecast of 5.7 per cent in May. The OECD pushed for early implementation of the Goods and Services tax to improve public finances. It also stressed on the need for India to improve the quality of its fiscal consolidation both by the Centre and the States.