NEW DELHI: Union finance minister Nirmala Sitharaman and World Bank president Ajay Banga held discussions on various topics during their meeting on the sidelines of the World Bank and IMF Annual Meetings 2024 in Washington, DC. The discussions focused on private capital participation in Global Public Goods, energy security, and reforms in Multilateral Development Banks…
NEW DELHI: World Bank president Ajay Banga praised India’s growth rate on Thursday, highlighting its resilience in the global economy. He mentioned that much of this growth is fueled by the domestic market.“There is no doubt that India’s growth rate is among the shiniest parts in the world economy. I think being able to grow…
NEW DELHI: India may take nearly 75 years just to achieve one-fourth of US income per capita, as per a recent World Bank report that offers the first extensive blueprint for developing countries to overcome the “middle-income trap.”More than 100 countries, including India, China, Brazil, and South Africa face serious challenges in becoming high-income countries…
India has the second highest number of kids who did not receive any vaccine at all in 2023, 1.6 million, just after Nigeria with 2.1 million “zero dose children“, according to Unicef. This 2023 report of WHO/Unicef estimates of National Immunisation Coverage (WUENIC) was based on member states reporting to WHO and Unicef up to…
NEW DELHI: Along with a Pakistan delegation expected early next week, India will also host a team of World Bank experts for talks on the hydroelectric power projects in J&K that Islamabad has objected to. The talks will happen under the provisions of the World Bank-backed 1960 Indus Waters Treaty which provides a framework for…
NEW DELHI: G7 leaders have reportedly reached a consensus to allocate $50 billion to support war-torn Ukraine by the end of the current year, according to a statement from the French presidency on Wednesday. The funds will be sourced from Russian assets that have been frozen.“We have an agreement,” a presidency official said, ahead of…
Indian Economy GDP growth seen at 7.5% in 2024! The World Bank has projected that the Indian economy is set to grow at 7.5 per cent in 2024, marking a revision from its previous forecast by 1.2 per cent. This growth is part of a strong outlook for South Asia, with the region expected to…
