'Things may get much worse before they get better,' predicts Ajay Chhibber.
The World Bank must become Archimedes's lever to help change the world into a more prosperous, inclusive, and sustainable planet in the 21st century. The change in leadership now provides that opportunity, observes Ajay Chhibber.
2013 will go down as an "annus horriblis" for the Indian economy. Instead of a growth rate over 10 per cent and inflation under 5 per cent we have the reverse.
Rising CAD, low growth & inflation may spark off an economic crisis in India.
Policy makers in Asia are looking at social protection measures to provide relief.
As the global economic scenario is improving, Ajay Chhibber, regional director (Asia and the Pacific) for the United Nations Development Programme, believes employment will be the major indicator to gauge the firmness of the economic recovery.
UN Secretary-General Ban Ki-moon has appointed Ajay Chhibber of India as United Nations Development Programme's assistant secretary-general, assistant administrator and director of its Regional Bureau for Asia and the Pacific.Chhibber replaced Hafiz Pasha, who finished his assignment in December last year.
Growth in the east Asia region would be dragged down by the poor performance of countries like Thailand, Singapore and Malaysia.
The assessment sent to the Prime Minister recommended that a new think-tank be set up with experts of domain knowledge to replace the plan body.
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
Assessment note says panel acts as control commission, especially in fund allocations to states.
The finance ministry and RBI must get less conservative and improve co-ordination.
The revival of long-term growth is highly dependent on the revival of private investment.
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