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World Bank raises GDP projection, says India to keep its fastest-growing economy tag

The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024…

ANI   


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6 mins read

India could emerge as an economic superpower amid dull global economic landscape

IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…

ANI   


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1 min read

High inflation could be here to stay as commodity prices spike again after a 2-year decline, World Bank says

"Global inflation remains undefeated," said Indermit Gill, the World Bank's senior president, addin…

Yuheng Zhan   


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Goa partners with World Bank to tackle sea level rise, coastal erosion and other climate change-related hazards

Studies have shown that about 80% of the Goan population lives in low-lying coastal areas, making i…

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3 mins read

India tops global remittance charts at $125 billion in 2023: World Bank report

According to the World Bank, the report highlights India's significant position as the top remittan…

ANI   


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Global economy braces for slowest growth in three decades, World Bank report warns

The global economy is hurtling towards its weakest half-decade performance in 30 years, according t…

ANI   


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Giving Russian reserves to Ukraine would be 'elegant justice,' former World Bank chief says

"If countries believe that they cannot conquer and annex their neighbors without losing access to t…

Filip De Mott   


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IMF MD spells out policy priorities for shock-prone world

In a world marked by severe shocks, slow growth, and economic fragmentation, IMF Managing Director …

ANI   


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1 min read

CHART OF THE DAY: There will be 152 rate cuts next year from central banks around the world, Bank of America says

That level of policy easing would mark the highest pace of rate cuts since the onset of the pandemi…

Matthew Fox   


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World Bank pegs India's FY24 GDP growth at 6.3% as global headwinds emerge

The World Bank has forecast India's GDP growth for 2023-24 to be at 6.3% as global headwinds are em…

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3 mins read

World Bank praises India's digital infrastructure for its transformative potential

"The India stack exemplifies this approach, combining digital ID, interoperable payments, a dig…

PTI   


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Crude oil prices could soar 76% if the Israel-Hamas war morphs into a regional conflict, the World Bank says

In a worst-case scenario, crude oil prices could climb as high as $157 per barrel, the World Bank w…

Filip De Mott   


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How Covid helped Singapore leap ahead of other cities

For many cities, the COVID-19 pandemic is now in the rear-view mirror. There are still some outbrea…

ANI   


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India concerned about global economic outlook, says Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said that despite this year's projected growth rate of ov…

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Cold air, hot waters: AC usage among Indians to spike fourfold by 2050, generate massive amount of emissions

​While air conditioning would undoubtedly protect more people from exposure to extreme heat by up t…

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Ajay Banga as World Bank President adds to success stories of the Indian Americans: USISPF

Ajay Banga has been confirmed as the World Bank President, becoming the first-ever Indian-American …

PTI   


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Confident Ajay Banga will use corporate experience to meet World Bank goals: Nirmala Sitharaman

"Hearty congratulations Ajay Banga on being selected as the President of @WorldBank. I am confi…

PTI   


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4 mins read

OPINION: Green finance — need of the hour for net-zero transition — is gaining momentum in Indian economy!

In addition to the government and companies, there is increased interest from banks, NBFCs, venture…

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3 mins read

Indian-American Ajay Banga sole nominee to lead World Bank

The World Bank has said that Indian-American Ajay Banga is the only candidate nominated for the Pre…

ANI   


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World Bank cuts global growth estimate for 2023 over recession risks

In 2024, the global economy is projected to grow by 2.7 per cent, against the previous estimate …

ANI