World Bank news

The World Bank on Tuesday said it has lowered its forecast for India's economic growth in the current fiscal year that started on April 1 to 6.3% from 6.6%. Asia's third-largest economy recorded year-on-year growth of 4.4 per cent in…

The World Bank on Thursday downgraded India's GDP or gross domestic product to 6.5% for the fiscal year 2022-23 from an earlier estimate of 7.5%. In the previous year, the Indian economy grew by 8.7%.In its South Asia Economic Focus…

<!-- -->Sub-Saharan Africa accounts for 60% of all people in extreme poverty. (Representational)Washington: Covid-19 has dealt the "biggest setback" to global poverty reduction efforts in decades, and the World Bank warned Wednesday…

Extreme poverty in India reduced by over 12 percentage points in 2019 as compared with 2011 and the poverty headcount rate has declined from 22.5 per cent in 2011 to 10.2 per cent in 2019, according to a Working Paper of the World Bank. It…

Russia’s invasion of Ukraine has driven up prices for oil, gas and other commodities, eating into household purchasing power and burdening businesses and governments that already are contending with high debt due to the pandemic Russia’s…

Image Source : AP/ REPRESENTATIONAL (FILE). India received USD87 billion in remittances in 2021. India received USD 87…

NEW DELHI: Terming allegations of manipulation of World Bank's Doing Business Ranking as 'shocking', former chief economist of World Bank Kaushik Basu said on Saturday that pressure was there from governments during his tenure, but the…