... but warned that unsatisfactory development in rural areas of the country and corruption in some states posed major challenges for economic growth.\n\n
'We haven't won the tournament for a while and the objective is to be No.1 in Asia and we will be pushing hard for the next 10 days.'
With the new Indian government showing signs of economic reforms and brings in transparency in governance, the World Bank feels that the world's third-largest economy could achieve a growth rate of 5.5 per cent this year as compared to 4.7 per cent last year.
Satyam Computer had the market whistling on Friday as rumours were rife on the counter that it was in the process of bagging a $10-million order from global development financier, the World Bank.
"Growth is expected to moderate gradually in China... pick up in India, and remain broadly stable in the Asean-5 region."
FDI inflows into India are expected to register robust growth in 2026, supported by strong macroeconomic fundamentals, big-ticket investment announcements, sustained efforts to improve the ease of doing business, and a new generation of investment-linked trade pacts.
From Rs 73k to over Rs 1.2L between January-December 2025 -- is buying gold in 2026 still sensible?
Voters are weighing a stark trade-off -- between preserving a socially driven policy and reversing course to revive revenue, restore fiscal balance, and rein in the underground liquor economy.
A report stated that despite initial setbacks from demonetisation and Goods and Services Tax, "all in all" the Indian economy has done well.
'If I were a housewife, it would have been Ok. But I was set in my job and then suddenly I quit.'
Fitch Ratings on Wednesday raised India's GDP growth forecast to 6.9 per cent for current fiscal year, from 6.5 per cent earlier, citing strong June quarter growth and domestic consumption-led demand.
"We can no longer rely on the US consumer to sustain global growth. We need multiple poles of growth," Zoellick told reporters at a news conference in Beijing.
India will be pushing for greater capitalisation of the World Bank at the meeting of G20 finance ministers in London next month. The meeting will precede the Pittsburgh meeting of G20 head of states scheduled later in September.
As many as 36,000 rural youth have been issued job offer letters during the past eight months by various companies, from manufacturing to service, courtesy a World Bank sponsored scheme District Poverty Initiative Project. Since the placement agencies do not offer services in the non-skilled labour segment, companies hire non-skilled workers through references and relatives of the existing workforce.
The World Bank has approved a whopping $112.56 million development loan for Chhattisgarh, for improving the living standards of thousands of households in the rural areas of the state.\n\n\n\n
World Bank President Robert Zoellick on Friday said India is likely to return to high growth of 8 to 9 per cent in a year or two, helped by strong fiscal and monetary actions to counter the global financial crisis.
India will argue for Pakistan's return to the Financial Action Task Force (FATF) grey list due to its alleged failure to combat money laundering and terror financing. The move comes after recent tensions between the two countries following a terror attack in Pahalgam, India. India believes Pakistan has not adequately addressed the issue of terrorism emanating from its territory and has diverted funds from multilateral agencies towards arms purchases.
According to an agreement signed here, the multi-lateral agency would give 600 million dollars toward boosting rural cooperative credit projects, $280 million for supporting 400 ITIs over four years and 64 million dollars for Karnataka-based water tank management projects.
Onno Ruhl said it is imperative to have a favourable global environment in addition to the domestic advantages.
Jamiat Ulama-i-Hind chief Maulana Arshad Madani's remarks alleging discrimination against Muslims, citing the Al Falah University case, have sparked a row with the BJP, who accused him of supporting terrorists.
The inward remittances to India has more than doubled from about $12.89 billion in 2000 to $27 billion in 2007. In 2006, inward remittances were $25.43 billion, while the outward flow constituted around $1.58 billion. Rich countries are still the main source of remittances with the United States leading the pack.
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.
'In the long run, India's strong growth story and reforms to make assets globally attractive will determine the rupee's resilience.'
'The danger is that when the music stops, the fall will be sudden, faster, and deeper than anyone expects,' warns Debashis Basu.
In April, the World Bank had projected India's GDP would grow at 6.1 per cent in the current financial year and at 6.7 per cent the following year.
What appeared to be a generous act of friendship was, in truth, a manoeuvre within a much larger strategic game. The United States used the 1962 war not just to aid India but to test how far it could be pulled into the Western fold, points out Dr Kumar.
India's GDP growth to reach 8% by 2017. says World Bank
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.
'Deepotsav aligns with the Adityanath government's vision to enhance Ayodhya's spiritual and cultural grandeur and transform it into a global pilgrimage and tourism hub.'
.jpg)
The World Bank in its report said the relative importance of remittances as a source of external resources is expected to increase further.
'The stamina and junoon you see in him, for acting, singing, dancing, working out, just about everything, makes age just a number as far as Salman Khan is concerned.'
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.
If he cannot do it this term by using his bureaucracy and experts from different fields, it will be a tragedy, asserts Ramesh Menon.
According to Roshni's statement to investigators, Rohini, who worked as a martial arts coach at a private school in Ashta, had been under work-related stress.
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.
