World's first: India’s remittance receipts to reach record $100 bn in 2022
The World Bank says it’ll be for the first time a single country will achieve that mark in yearly remittances. With a share of 23%, the U.S. surpassed the UAE as the top source country in 2020-21.
India needs to increase infrastructure investment to $55 bn a year: World Bank
The report says that till 2036, the investment in the urban cities must be equivalent to 1.18% of the estimated gross domestic product (GDP) over this period.
Currency depreciation may raise risk of food, energy crisis: World Bank
After surging by about 60% in 2022, energy prices are projected to decline 11% in 2023 amid concerns of an impending global recession, the World Bank says in a report.
What caused inequality to rise in India during pandemic?
The poorest and most vulnerable were hit the hardest – pushing 70 million people into "extreme poverty" in 2020 alone: World Bank
IMF, World Bank are right; indicators point to 2023 GDP growth challenges
From tax collections to credit outflow, capex, sectoral growth, inflation, interest rates, rupee devaluation and external factors, there are challenges to sustaining growth.
Indian economic recovery stronger than rest of the world; Covid-19 scars remain: World Bank
India's services exports have recovered more strongly than in the rest of the world, says report.
Covid pushed 56 mn Indians into extreme poverty: World Bank
The Covid pandemic increased the global extreme poverty rate to an estimated 9.3% in 2020—up from 8.4% in 2019, says a World Bank study.
World Bank downgrades India's GDP growth forecast to 6.5% for FY23
Amid slowing global growth, export growth will moderate while import growth will be driven by recovering domestic demand, says the World Bank.
India to grow 5.7% in 2022, slow down to 4.7% in 2023: UNCTAD
UN agency attributes decline in growth to impact of weakening global economy and the fiscal pressures that may prevent the govt from ramping up its overall capital expenditure beyond a point.
OECD slashes India’s GDP growth forecast to 6.9% in FY23
India recorded strongest rebound from COVID but momentum is dissipating due to weaker external conditions, rising global food and energy prices tightening monetary policy, says OECD.