December 02, 2023 23:14 (IST)
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PM Modi participates in COP-28 Presidency’s session on 'Transforming Climate Finance' | Antony Blinken calls for Iraq to protect US installations | Several hostages, including grandfather and a kindergarten teacher, killed in Hamas captivity | Counting day for Mizoram assembly election changed to Dec 4 | Mysterious White Lung Syndrome spreads globally, cases reported in US, Denmark, Netherlands

India needs to grow at 8%, more female workers in high quality jobs to reach developed country status: World Bank report

New Delhi: World Bank senior economist Dhruv Sharma has said India must achieve an approximate growth rate of 8 percent to attain developed country status by 2047, and underscored that achieving such rapid growth is unlikely with the current low level of female workforce participation, media reported.

World Bank pegs India's FY24 GDP growth at 6.3%

New Delhi/UNI: The World Bank has projected India’s GDP growth for the current financial year 2023-24 at 6.3% even as global headwinds continue to persist and intensify further due to high interest rates, geopolitical tensions and sluggish global demand.

India's growth rate can push its poverty elevation efforts: World Bank President Ajay Banga

New Delhi: India’s growth rate can be the vantage point in its poverty elevation efforts, according to World Bank President Ajay Banga.

Assam launches Rs 250 crore fund in collaboration with World Bank to boost agriculture sector

The World Bank and other multiple stakeholders have joined forces to establish a Rs 250 crore fund in Assam promote small and medium units in the agriculture sector.

World Bank appoints Indian-origin Ajay Banga as its next president

The World Bank said in an official announcement that Ajay Banga has been appointed as its next president.

India jumps 6 places to Rank 38 in World Bank’s Logistics Performance Index 2023

New Delhi/IBNS: India has jumped 6 places to rank 38 out of 139 countries in the 7th edition of Logistics Performance Index (LPI 2023) of the World Bank.

FM Nirmala Sitharaman and Geeta Gopinath meet at IMF-World Bank spring meetings in US

Washington: Union Finance Minister Nirmala Sitharaman met with Gita Gopinath, the first deputy Managing Director of the International Monetary Fund (IMF), on Wednesday at the IMF-World Bank spring meetings.

FM Sitharaman holds roundtable with investors, biz leaders during US visit

Washington: Finance Minister Nirmala Sitharaman on Monday attended a roundtable meeting with business leaders and investors, co-hosted the by Confederation of Indian Industry (CII) and US-India Business Council in the US Chamber, in Washington, DC.

FM Sitharaman to visit US to attend Spring Annual Meetings of the IMF-World Bank

New Delhi/IBNS: Finance Minister Nirmala Sitharaman will start an official visit to the USA on April 10, 2023, an official statement said on Saturday.

Indian economy continues to show resilience amid global uncertainties: World Bank

New Delhi: India’s growth continues to be resilient despite some signs of moderation in growth, says the World Bank in its latest India Development Update, the World Bank India’s biannual flagship publication.

Sharp, long-lasting slowdown to hit developing countries hard: World Bank

Washington: Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report.

World Bank approves $610 mln financial package to address Ukraine's urgent needs

Washington/UNI: The World Bank issued a release announcing that it has approved a new $610 million financial package for Ukraine that includes projects to boost the country’s recovery efforts.

World Bank cuts down India's FY23 GDP growth forecast to 6.5 pc

New Delhi: Amid fears of a recession in advanced economies, the World Bank on Thursday cut India's gross domestic product (GDP) growth forecast for the financial year 2022-23 to 6.5 percent from its earlier estimate of 7.5 percent.

India to get $115 million World Bank loan for REWARD project

World Bank will grant a $115 million (Rs 869 crore) loan to India for Programme (Rejuvenating Watersheds for Agricultural Resilience through Innovative Development Programme), Ministry of Finance said Friday.

COVID-19 variants, rising debt, threaten global economic growth: World Bank

New York: Global growth will slow down over the next two years in the face of “fresh threats” from COVID-19 variants and rising inflation, debt and income inequality, the World Bank said on Tuesday in its latest report.