World Bank

Pakistan is South Asia’s Weakest Economy, World Bank report

World Bank forecast Pakistan’s economic growth to slow further to two percent during the current year. This will mark a drop of two percentage points from its June 2022 estimates, according to the World Bank’s Global Economic Prospects report. The...

World Bank Predicts India’s Economic Growth to Slow to 6.9% in FY23

India's growth is expected to slow to 6.9 per cent in Financial Year 2023, a 0.6 percentage point decrease since June, as the global economy and rising uncertainty weigh on export and investment growth, according to the World Bank. However,...

World Bank hints that Global Economy on a steep Slowdown

Global Economy on a steep Slowdown: According to the most recent World Bank study, the global economy is experiencing a sharp decline after almost a year of uncertainty in 2022. The World Bank report noted that the COVID-19 pandemic's repercussions...

World Bank’s Flagship Gender Toolkit Launched

A Gender Toolkit based on “Enabling gender-responsive urban mobility and public spaces” was launched in a session conducted by the World Bank and the Chennai Urban Metropolitan Transport Authority. Buy Prime Test Series for all Banking, SSC, Insurance & other...

World Bank upgrades India’s GDP growth forecast for 2022-23 to 6.9 percent

According to the World Bank, Indian economy is set to grow at 6.9 per cent in 2022-23, raising its forecast of 6.5 per cent growth made in October. In October, it had cut India's GDP growth forecast to 6.5 per...

India The First Country in The World to Receive $100 billion in Remittances

India will be the first country in the world to receive $100 billion from remittances during 2022, the World Bank has said. Though remittances to the rest of the South Asian countries declined by 10%, it rose by 12% in...

Dr Bimal Jalan authored a book titled “From dependence to Self­Reliance”

Economist Dr Bimal Jalan authored the book “From dependence to Self­Reliance: Mapping India’s Rise as a Global Superpower”, a stocktaking of India’s growth trajectory, benefits from Bimal Jalan’s deep insights. The book is written lucidly, with the general reader in...

World Bank Extends Loan of $250 million for SALT Project in Andhra Pradesh

The World Bank has extended an unconditional loan of $250 million to the Supporting Andhra's Learning Transformation (SALT) project in appreciation of the path-breaking reforms implemented by the state government. The reforms initiated under the SALT project have brought about...

Financing Platform Launched by IFC in response to Global Food Crisis

Financing Platform Launched by IFC: The International Finance Corporation (IFC), the private sector investment arm of the World Bank, has introduced a new, $6 billion funding facility to boost the private sector's capacity to respond to the Global Food crisis...

World Bank Applauds India’s Effective Response to the COVID-19 Crisis Strategies

World Bank Applauds India's Effective Response to the COVID-19: The World Bank acknowledged the Indian government's decision to have centralised procurement, support for long-term market development and production of Emergency Medical Equipment (EME). Early export restrictions worked in its favour...