Following another disappointing year in 2014, developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger US economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets, it added.
The insolvency and bankruptcy code will strengthen the hands of lenders to recover outstanding debts by setting a deadline of 180 days for companies to pay or face liquidation
Some of the World Bank's suggestions to hold back the predicted tide of fresh poverty appear to run counter to the economic policies of Narendra Modi's government
Subbarao said in terms of the risk to growth inflation outlook, the first would depend on global recovery and if it fails, could have an impact for India.
The event from 8:30 to 11 am on June 21 would feature an exclusive video message by Prime Minister Narendra Modi.
In a testimony to its growing clout, China's nearly $5 trillion economy surpassed Japan to become the world's second largest economy for the three months ended June, 2010.
The Sensex, which began the year at 26,160.90 level, has shed nearly 1,400 points.
The recent visit of Pulok Chatterjee, a 1974 batch Indian Administrative Service officer and an Executive Director of the World Bank, to New Delhi has fuelled speculations that the top bureaucrat may be pulled out of his current assignment and appointed as the Prime Minister's Secretary.Speculations are rife that Chatterjee is on his way to the coveted post of the Cabinet Secretary, and he may be formally appointed by early next year.
Most economists feel the RBI has room for a 25-basis point cut, having met inflation targets comfortably
India has expressed concern over the hike in visa fee by the US, saying it is "discriminatory" and largely affects Indian IT professionals.
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