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India to grow at a faster pace; could be second-largest economy by 2030: PM

India has shown tremendous resilience as an anchor of the world economy, says PM Modi.

11 Feb 2019 12:32 PM

The UK, which is facing Brexit blues, had the fifth largest GDP of $2.81 trillion, which is about $119 billion more than that of India, the data showed.

India may surpass UK to become 5th richest

Britain’s GDP likely to get relegated to seventh position.

21 Jan 2019 7:00 AM

Former PepsiCo chief Indra Nooyi (Photo: AP)

Indra Nooyi in race for World Bank chief post

It is unclear whether Ms Nooyi would accept the nomination if chosen by the Trump administration.

17 Jan 2019 5:35 AM

Pepsico’s former CEO, Indian-origin businesswoman Indra Nooyi. (Photo: AP)

White House considering former PepsiCo CEO for top job at World Bank

Donald Trump’s daughter Ivanka Trump was helping lead the search for a new World Bank president to succeed Jim Yong Kim.

16 Jan 2019 10:58 AM

Ivanka Trump in 2017 was the driving force behind a USD 1 billion, Saudi-supported World Bank fund to promote entrepreneurship by women. (Photo: File | AP)

Ivanka Trump, Nikki Haley in race for World Bank president's post: report

Kim abruptly announced Monday he was cutting short his tenure as World Bank's president over 3 yrs before his second term was due to end.

13 Jan 2019 2:43 PM

China's economic growth is projected to slow down to 6.2 per cent each in 2019 and 2020 and 6 per cent in 2021, according to the January 2019 Global Economic Prospects report released by the World Bank on Tuesday. (Representational Image)

India's GDP to grow at 7.3 per cent in 2018-19: World Bank

The World Bank said India will continue to be the fastest growing major economy in the world.

09 Jan 2019 8:55 AM

India still uses coal to generate 75 per cent of its electricity.

Growing power demand a challange: World Bank

With growing population and rapid urbanisation, the demand for electricity in India will almost triple between 2018 and 2040.

20 Dec 2018 11:41 AM

The Bank said remittances to South Asia are projected to increase by 13.5 per cent to USD 132 billion in 2018, a stronger pace than the 5.7 per cent growth seen in 2017. (Representational Image)

India to retain top position in remittances with USD 80 billion: World Bank

India is followed by China (USD 67 bn), Mexico and the Philippines (USD 34 bn each) and Egypt (USD 26 bn), according to global lender.

08 Dec 2018 5:03 PM

The new arrangement allows co-financed projects to be implemented more efficiently by applying a single framework to the whole project.

ADB enters an arrangement with World Bank for co-financed projects

In 2017, ADB operations totalled USD 32.2 billion, including USD 11.9 billion in co-financing.

06 Dec 2018 2:33 PM

The country has jumped 23 places since last year and has been ranked 77th out of 190 economies this year in the Ease of Doing Business (EoDB) ranking.

Why ‘competitive federalism’ could help to boost India’s eco rankings

Most of the time countries with low ranks are criticised at domestic as well as international levels.

05 Dec 2018 12:49 AM

The World Bank said the move, coinciding with a UN climate summit meeting of some 200 nations in Poland, represented a 'significantly ramped up ambition' to tackle climate change, 'sending an important signal to the wider global community to do the same'. (Representational image | AP)

World Bank promises USD 200 billion in 2021-25 to fight climate change

Unless we reduce emissions and build adaptation now, we'll have 100 million more living in poverty by 2030, a World Bank official warned.

03 Dec 2018 10:24 AM

Age of anxiety: Good times, bad times

The world as a whole during the last three quarters of a century after World War II has seen “the best of times”.

25 Nov 2018 12:58 AM

Prime Minister Narendra Modi. (Photo: PTI)

PM Modi to meet India Inc on ease of doing business today

India’s rank rose 23 places to the 77th spot in the ‘Doing Business’ rankings released on October 31.

19 Nov 2018 10:17 AM

Modi in Varanasi today, to launch big infra projects

National Waterway-1 (Haldia-Varanasi stretch) is being developed with technical assistance and investment support from the World Bank.

12 Nov 2018 12:28 AM

Its focus is on high-impact interventions like access to contraception, maternity services and newborn and childhood nutrition. (Photo: AP)

Melinda Gates urges backing for 'human capital' of mother and child health

GFF was set up to help poor countries change way they finance health to encourage long-term investment in policies that can save lives.

07 Nov 2018 11:04 AM

India leaped 23 places to the 77th position on the World Bank's 'ease of doing business' ranking as GST, insolvency framework and tax reforms made the country more investor-friendly. (Representational Image)

India makes a big leap in ‘Ease of doing Business’ index, ranks 77

The ranking comes as a shot in arm for Modi govt which faces strong dissent from opposition parties, ahead of general elections next year.

01 Nov 2018 8:00 AM

During the 2014 Lok Sabha elections campaign, Mr Modi had promised to improve the ease of doing business in the country.

India jumps 23 spots in ease of doing business rankings

In its comment on the rankings, World Bank said India earned the credentials of being a top global improver for 2nd straight year.

01 Nov 2018 12:55 AM

Earlier this month, US President Donald Trump described India as a 'tariff king'. (Photo: File | AP)

India certainly not ‘tariff king’, says World Bank on Trump’s remarks

Trump had described India as 'tariff king' as he reiterated his allegations that New Delhi has high tariff rate on various American goods.

31 Oct 2018 8:27 PM

In its annual report 'Doing Business' 2019 report, World Bank said India improved on six of the 10 parameters relating to starting and doing business in a country. (Representational Image)

India jumps 23 spots on World Bank's 'ease of doing business' index, ranks 77

India was ranked 100th in the World Bank's Doing Business Report last year.

31 Oct 2018 6:55 PM

Story Type Required Source Required Byline Optional Title Required 150 Characters Remaining Alias: Strap Required Maximum 150 Characters Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Structural reforms helping India in building resilience to global shocks: Garg

The World Bank ranked India 115th among 157 countries in its first-ever Human Capital Index (HCI).

13 Oct 2018 4:46 PM

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Mohan Guruswamy