India's GDP growth to reach 8% by 2017. says World Bank
Dr Kali P Choudhury, a visionary entrepreneur immigrated to the United States with almost nothing and built his estate in Hemet before turning his focus to Inglewood.
Saudi Arabia's Al-Hilal stunned Manchester City 4-3 in extra-time in Orlando on Monday to pull off one of the shocks of the Club World Cup.
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The World Bank in its report said the relative importance of remittances as a source of external resources is expected to increase further.
Disparities in productivity levels across firms within manufacturing sectors is wider in India than in China, Mexico, Russia and Korea, said Mark Dutz, World Bank Senior Economist and editor of the report -- Unleashing India's Innovation.
World Bank on Thursday said that the Indian economy is likely to grow by 5.5 per cent this fiscal, which can increase to 7-8 per cent in the coming years, provided the reforms are speeded up.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
'I wanted to go for the heart, and at the same time, open the audience's mind.'
'In this age of competition, we will not survive long if we do not provide quality service to our consumers'
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday. To achieve this goal India would require reforms in financial sector as well as in land and labour market, the World Bank said in its India Country Memorandum titled 'Becoming a High-Income Economy in a generation'.
Seven World Bank-sponsored projects, worth about Rs 22,426 crore (Rs 224.26 billion), are being implemented across the country to improve delivery in centrally-funded schemes and meet other objectives, the government said on Wednesday.
The stock of mid-tier information technology (IT) major Persistent Systems has been one of the outperformers in the IT pack with a return of 5.3 per cent over the last year, while its peer index, the Nifty IT, is down 16.2 per cent over the same period. The strong September quarter (Q2FY26) result and upgrades by brokerages are positive but its ability to sustain growth momentum in a weak macroeconomic environment will be key for future gains. At the current levels, the stock is trading at a premium valuation of 38 times its FY27 earnings estimates.
'...the electoral playing field is tilted significantly in its favour.'
'An asset must generate income. Equities yield dividends, bonds pay coupons, deposits give interest, and real estate earns rent.' 'Gold, silver, and even Bitcoin produce no income, they merely store value. So, they should not be compared to productive assets.'
The World Bank is eager to double its assistance to India to about $3-4 billion this fiscal, of which $2 billion could be for infrastructure development alone.
The Cabinet on Wednesday approved $1.5 billion (about Rs 9,000 crore) World Bank support for the Swachh Bharat Mission (SBM) in rural areas.
Weak exports and lower investment growth will cut down China's GDP growth, the World Bank said.
India Inc, which is sitting on cash balances of 13.5 trillion, is using the funds to meet capital expenditure as well as brownfield expansion, resulting in 'anaemic' demand for bank loans, State Bank of India (SBI) chairman CS Setty said at an event on Monday. He added that a slowdown in corporate credit is mainly due to lack of demand.
Of this $2 billion is Banking Sector Support Loan, which will provide budgetary support to India, helping it maintain its broad economic stimulus program by enhancing the capital of select public sector banks.
Amid US-China trade tensions and economic vulnerabilities, India must seize the 'China +1' opportunity, deepen reforms, secure FTAs, and globalise its firms for long-term growth, suggests Ajay Shah.
PM being welcomed by the Prime Minister of Canada, Mr. Mark Joseph Carney on the sidelines of the 51st G7 Summit at Kananaskis, in Canada on June 17, 2025.
The World Bank will give a loan of $1 billion (about Rs 5,000 crore) to power transmission company PGCIL this year for developing infrastructure in the sector.
Global growth should have a large impact on the poor, says World Bank.
President Droupadi Murmu addressed Indian Police Service probationers, highlighting the growing threat of 'digital arrest' scams and emphasizing the importance of ethical policing and public service.
The loans, under two separate schemes for seven poorest states and seven middle-income states, will benefit the poor as the funds will be utilized to put infrastructure development on the fast track leading to job-creation and stability.
The World Bank has warned India that its growth prospects are weakened by high fiscal deficits and slow reforms, and the country needs to accelerate poverty reduction efforts.
Clarity on Tata Sons' position on listing, as of 2025, would help define the future of the group better, irrespective of the RBI stand. As of now, the ball is in the RBI's court, and everyone is watching the space, points out Nivedita Mookerji.
Soft oil prices are expected to persist in 2015 and will be accompanied by significant real income shifts from oil-exporting to oil-importing countries.
The series promises a fascinating duel between the two modern-day pace greats.
In May, 40 Rohingyas were blindfolded and flown to the Andaman and Nicobar islands and then thrown into the sea and made to swim to an island in Myanmar. And after the Pahalgam attack, at least 300 Muslims were 'pushed back' to Bangladesh from Assam.
As per official estimates, the Indian economy is likely to expand 6.9 per cent in the current fiscal, much lower than 9 per cent projected during the 2011-12 Budget.
'First, develop the ability to sell -- to persuade, negotiate and close. Second, understand the financial mechanics that determine where value pools and how profits are captured,' says Shaadi.com founder Anupam Mittal.
Former World Bank Chief Economist Kaushik Basu on Thursday said the US economic policy towards India has taken an unfortunate turn, noting that President Donald Trump's harsh stance against New Delhi appears baffling. US President Donald Trump on Wednesday announced a 25 per cent tariff on Indian goods from August 1, amid signs of a stalemate in the ongoing bilateral trade negotiations between the two countries.
It is high time India ends its silence on the human cost of the Gaza war and takes a principled stand without diluting its relations with Israel. A largely friendless Tel Aviv today needs New Delhi more than the other way around. India's failure now may cost it diplomatically in the long run, cautions M R Narayan Swamy.
China's new leadership headed by Xi ruled out massive stimulus similar to the one in 2008 which amounted to $645 billion to tide over the global economic crisis.
Goldman Sachs is bullish about Indian aerospace and defence, preferring private companies over public sector units (PSUs) as the country ramps up its export target for the sector to Rs 50,000 crore by FY29 from Rs 23,600 crore last year. The American investment bank's top 'buy' recommendations include Solar Industries, Bharat Electronics, Data Patterns and PTC Industries, while Bharat Dynamics is rated 'sell'.
As India prepare for a high-stakes ODI series, all eyes naturally turn to Rohit and Kohli as this series marks their return since the title-winning ICC Champions Trophy Final earlier this year.
Former US President Donald Trump claims Pakistan's Prime Minister Shehbaz Sharif and Field Marshal Asim Munir support his plan to end the Gaza conflict, citing their involvement in negotiations and a recent statement of full support.
