India GDP to grow 8.3% in FY22, says World Bank; 1.2% lower than govt estimate
Even though the recovery is yet to become broad-based, Indian economy should benefit from the resumption of contact-intensive services, World Bank said.
world bank
January 2022
December 2021
October 2021
January 2021
September 2020
April 2020
January 2020
October 2019
May 2019
Jobs crisis continues; puts $5-trillion GDP target at risk
Both CMIE and ILO data shows a dramatic drop in India's labour participation rate; over half of the employable population out of the market.
Hidden fees of money transfer shot up in pandemic; Indians paid a bomb
Indians paid more than ₹26,300 crore in foreign exchange fees in 2020 — ₹9,700 crore as exchange rate markups on currency conversions, payments and card purchases, while travelling abroad.
India’s GDP fall could be steep. But hope persists
As per National Statistical Office data, India's GDP may contract by 7.7% this fiscal year, worst since 1951-1952. The World Bank paints an even bleaker picture. But hope for recovery still abounds.
Economic recovery likely to be gradual: Das
Reserve Bank of India governor Shaktikanta Das says that efforts towards reopening the economy are confronted with rising Covid-19 infections.
World Bank okays $1 bn in emergency support for India
The World Bank Group said it will deploy about $160 billion in emergency funding over 15 months to help countries fight the pandemic and bolster economic recovery.
Bangladesh: The economic miracle of the year
From high growth to closing the gender gap, if there is any country which is swiftly beating the odds, it is Bangladesh.
India improves ease of doing business ranking
Everybody is excited about India improving its ranking to 63 from 77 in the World Bank’s “Doing Business 2020” report. But there’s much more to be done.
Startups and India’s jump in Ease of Doing Business rankings
It is only by connecting the country’s jump on the World Bank’s Ease of Doing Business rankings and its growing startup ecosystem that the India story can be better understood.
Counter-attacking corporate corruption
Only individuals and organisations who are compliant with the rules of the game will survive and succeed.
