The fruits of liberalisation reached their peak in 2006, when India recorded its highest GDP growth rate of 9.6%.[46] With this, India became the second fastest growing major economy in the world, next only to China.[47] The growth rate has slowed significantly in the first half of 2012.[48] An Organisation for Economic Co-operation and Development (OECD) report states that the average growth rate 7.5% will double the average income in a decade, and more reforms would speed up the pace.[45] The economy then rebounded to 7.3% growth in 2014–15.