India may emerge fastest growing emerging markets in current fiscal, says Fitch Ratings; Retains growth outlook at 7%
Fitch Ratings retained the economic growth forecast for India at 7% for the current fiscal in its global economic outlook.
Dec 06, 2022, 18:03 PM IST
World Bank revises upwards India's GDP growth forecast to 6.9 percent for FY23
In its India Development Update, the World Bank said the revision was due to the higher resilience of the Indian economy to global shocks and better-than-expected second-quarter numbers.
Dec 06, 2022, 13:29 PM IST
Indian migrant workers from Singapore, other countries send home record $100 billion in 2022: World Bank
That puts its inflows far ahead of Mexico (USD60 billion), China (USD51 billion), the Philippines (USD38 billion), Egypt (USD32 billion) and Pakistan (USD29 billion), positioning the country to retain its spot as the world`s top recipient of remittances. Such foreign remittances make up almost 3 per cent of India`s GDP.
Dec 05, 2022, 10:20 AM IST
No prospect of recession in India, economy to grow 6-7 percent in next fiscal: Rajiv Kumar
Elaborating further, former Niti Aayog vice chairman said that like Punjab is a double landlocked state and Tamil Nadu is a coastal state and it has centuries of trading experience. "So, to have the same policies of both those states, for example, is not relevant.
Nov 20, 2022, 13:07 PM IST
'Saddened by the DEATH of...': Read PM Modi's EMOTIONAL tweet after demise of THIS noted 'GANDHIAN'
Prime Minister Narendra Modi, BJP leaders as well as Congress leaders grieved over Ela Bhatt’s demise. She was a Gandhian and the founder of Self- Employed Women’s Association (SEWA)
Nov 02, 2022, 18:17 PM IST
'ED is completely independent': FM Nirmala Sitharaman denies misuse of agency as political weapon
Sitharaman also talked about how India plans to navigate G20 challenges due to geopolitical tensions.
Oct 16, 2022, 06:57 AM IST
PM Modi hardly worried, indulging in empty slogans: Cong on WB report downgrading India's growth forecast
The World Bank on Thursday projected a growth rate of 6.5 per cent for the Indian economy for the fiscal year 2022-23, a drop of one percentage point from its previous June 2022 projections, citing deteriorating international environment.
Oct 07, 2022, 22:14 PM IST
World Bank cuts India's GDP growth forecast to 6.5% for current fiscal year
The Reserve Bank of India (RBI) had also cut the economic growth projection for 2022-23 from 7.2 per cent to 7 per cent, citing tightening of rates by US Federal Reserve and the prevailing geopolitical scenario.
Oct 07, 2022, 10:45 AM IST
Pakistan Floods: World Bank to provide USD 323 billion to farmers in affected areas
Various residents took to the street and staged a protest recently over the lack of help from the government as everything they had including their homes wiped off due to floods
Oct 01, 2022, 09:16 AM IST
World may be edging toward a global recession in 2023, World Bank warns
Central banks have raised rates "with a degree of synchronicity not seen over the past five decades" to tackle soaring prices, World Bank said, BBC reported.
Sep 17, 2022, 09:41 AM IST
Inflation creates trouble for people in Bangladesh
The government has given another big blow to the inflation-stricken people in Bangladesh. Last night, the prices of petrol-diesel were increased by 51.7 percent.
Aug 07, 2022, 14:42 PM IST
India gets $1.75 billion World Bank loan to fund PM Ayushman Bharat scheme
The World Bank has approved loans totalling USD 1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth.
Jul 01, 2022, 16:27 PM IST
World Bank slashes India’s GDP growth forecast to 7.5%, warns risk of 'stagflation'
It had lowered the projection from 8.7% to 8% earlier in April, and it is currently expected to be 7.5 percent.
Jun 07, 2022, 19:40 PM IST
Russia-Ukraine war could cause global recession: World Bank chief
Chief of the World Bank has warned that Russia`s ongoing invasion of Ukraine could cause a global recession.
May 26, 2022, 20:52 PM IST
Nirmala Sitharaman’s US visit: FM meets World Bank President, interacts with top CEOs -- Key points
Finance Minister Nirmala Sitharman is visiting the US to attend the IMF-WB Spring Meetings 2022.
Apr 23, 2022, 12:53 PM IST
FM Sitharaman meets World Bank President Malpass, discusses Covid-19, Russia-Ukraine conflict
Finance Minister Nirmala Sitharaman met with World Bank President David Malpass in Washington on Friday.
Apr 23, 2022, 10:07 AM IST
Extreme poverty in India declined by 12.3 percentage points during 2011-19: World Bank
The World Bank paper said urban poverty rose by 2 percentage points in 2016 during the demonetisation event and fell sharply thereafter, reported PTI.
Apr 19, 2022, 07:10 AM IST
World Bank cuts India growth forecast to 8%; Check forecast for Pakistan, Sri Lanka
World Bank lowered its growth estimate for India, the region`s largest economy, to 8% from 8.7% for the current fiscal year.
Apr 14, 2022, 08:18 AM IST
World Bank to support Himachal become India's first green state
World Bank Vice-President for South Asia, Hartwig Schafer, congratulated the state for the good progress achieved in the fields of renewable energy, agriculture, forest management, and water and sanitation.
Mar 16, 2022, 18:48 PM IST
Russia-Ukraine crisis-related inflation may trigger protests and riots: World Bank
Sudden spikes in food prices can lead to social unrest, as happened in 2007-2008 and again in 2011, when global food price increases were associated with riots in more than 40 countries.
Mar 10, 2022, 07:34 AM IST