The key question is how much of the latest growth record represents recovery from the 2020-2021 downturn, and what is the sustainable growth rate now, asks T N Ninan.
A World Bank study has virtually questioned the methodology of sovereign rating by the international agencies, saying there was evidence that Moody's such rating had low predictive power for currency crises.\n\n\n\n
World Bank President Jim Yong Kim, who is on a three-day visit to India, said a projected five per cent GDP growth in the current financial year was disappointing, but future prospects for the country were good.
The World Bank's move came as it told the two countries that it was responding to their separate proceedings initiated under the Indus Waters Treaty 1960.
The downgraded World Bank forecast follows a similar move by the International Monetary Fund, which cut its growth forecasts two months ago
World Bank on Monday said it would help the bank in moving away from an individual 'ring-fenced' project financing to a broad-based assistance to India.
In its latest report, the Bank has lowered its forecasts for developing countries, now eying growth at 4.8 per cent this year, down from its January estimate of 5.3 per cent.
Wipro had denied allegations of providing improper benefits to Bank staff.
A feature of this year's BRICS summit was economic cooperation.
Robert B Zoellick will succeed Paul Wolfowitz as the 11th president of the International Bank for Reconstruction and Development, or the World Bank, for a five-year term from July 1, 2007.
In South Asia, the poverty would fall to 13.5 per cent in 2015.
The core dilemma remains: Why provide further stimulus to an economy that is already booming at an 8 per cent growth rate? asks Rajeswari Sengupta.
However, the Indian economy is expected to bounce back in 2021, the World Bank said.
Attacking the industrialised countries for agricultural protectionism, which was hurting the economies of poor nations, the World Bank has stressed that global trade liberalisation was critical for reducing poverty in developing countries.
Current President Robert Zoellick, who took office in July 2007, is schedule to retire in June.
World Bank on Wednesday warned that a prolonged war in Iraq may adversely affect India's GDP growth prospects in this fiscal.
World Bank on Wednesday asked developed countries to work out a "trade deal" including removal of trade barriers to accelerate growth in the developing nations.
India on Monday hoped that World Bank would resume funding for a child health programme, as the government has agreed to put in place measures to check corruption and take action against those involved.
The report, Doing Business in India 2009, took into account 17 states in the\ncountry and noted that Hyderabad and Bhubaneshwar are the two nodal locations\nsuitable for opening and operating business easily.
The World Bank said on Wednesday rise in interest rates and oil prices is likely to slow down India's growth for the next few years.
Kim, 52, will take over at the beginning of July, after the current president, Robert B Zoellick, steps down at the end of his five-year term.
India, along with other South Asian countries, is expected to sustain a growth of 6-6.3 per cent in the next two years, although global economic growth is slated to decline to 3.2 per cent, the World Bank said on Wednesday.
The road transport ministry has asked the National Highways Authority of India (NHAI) to ascertain the findings of a report by the World Bank's Institutional Integrity Unit. According to the report, contractors paid bribes and gifts to influence the actions of NHAI officials and consultants.
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
World Bank on Monday said it expects Indian economy to grow by 8 per cent this fiscal but asked the government to open up more sectors for foreign direct investment, encourage private sector participation and improve infrastructure.
The Night Manager Season 2 is a comfortably paced, tension holding series, with a couple of solid twists, observes Deepa Gahlot.
The eight-day long annual meetings of the World Bank and International Monetary Fund, which began in Dubai on Wednesday, would intensively discuss employment creation, private sector development and financial sector reforms.
World Bank customarily withdraws fund for a project that has not been built in seven years.
Lafitte was appointed neutral expert for the contentious 450 mw power project in May by the World Bank after Pakistan said construction of the Baglihar project violated the 1960 Indus Water Treaty.
Shehbaz emphasised that water was a lifeline for Pakistan, and no compromise would be made on the country's rights under international agreements, as per Geo News.
BJP leaders say Nitin Nabin's low-profile image has made him a favourite of Amit Shah, who was in search of such a leader to appoint to the top party position -- someone who follows the Modi-Shah line as BJP president without "ifs and buts".
Observing that economy was "going well" in India, which has large internal markets, the World Bank said on Thursday that growth had to be labour oriented, even as it expressed concern over the mounting fiscal deficit.
According to the finance minister, India was compliant with most of the internationally accepted standards in banking, securities markets and insurance sector.
The World Bank said on Monday that it would "more or less" stick to its forecast of 6.5 per cent growth rate for Indian economy despite the damage suffered by the country in the tsunami tragedy.
