- OECD stands for Organisation for Economic Co-operation and Development
- It is an international economic organisation
- Established in 1961
- Secretariat : Paris
- Members : 35
- Latvia has joined in July, 2016
- Aims to stimulate economic progress and world trade
- Its members are committed to Democracy and Market Economy
- Most OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries
- India is not a member of OECD