♤ India has been a member of ADB since its inception in 1966.

1.20. Organisation for Economic Co-operation and Development (OECD)

♤ Established in 1961 the OECD is based in Paris and has 35 members

♤ The OECD's origins date back to 1960, when 18 European countries plus the United States and Canada joined forces to create an organisation dedicated to economic development. Today its membership spans North and South America to Europe and Asia-Pacific. They include many of the world’s most advanced countries but also emerging countries like Mexico, Chile and Turkey.

♤ The mission of the OECD is to promote policies that will improve the economic and social well-being of people around the world.

♤ In May 2007, the Council, meeting at ministerial level, invited the Secretariat to strengthen OECD cooperation with Brazil, India, Indonesia, the People's Republic of China and South Africa through "Enhanced Engagement" programmes.