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World Bank News

11 Jun 2025

India Remains Fastest Growing Economy, Growth Rate Projected At 6.3% For FY26

In India, growth moderated in FY2024/25 (April 2024 to March 2025), partly reflecting a deceleration in industrial output growth.

07 Jun 2025

269 Million People Lifted Out Of Extreme Poverty In India Over 11 Years: World

About 75.24 million people were living in extreme poverty in India during 2022–23, a massive drop from 344.47 million in 2011–12.

04 May 2025

India Set To Lead World Bank's Global Land Reform Talks In Washington

India will play a key role at the World Bank Land Conference 2025, wherein the SVAMITVA Scheme will be spotlighted as a transformative model of rural empowerment through drone mapping, high-accuracy geospatial data, and platforms like Gram Manchitra for climate-aligned planning.

High-Income Status

28 Feb 2025

India Needs To Grow By 7.8% To Reach High-Income Status By 2047: World Bank

Recognising India’s fast pace of growth averaging 6.3 per cent between 2000 and 2024, the WB report noted that India’s past achievements provide the foundation for its future ambitions.

27 Feb 2025

World Bank Sees India As Right Place To Invest For Global Firms

Speaking at the 'Advantage Assam 2.0 Business Summit' here, World Bank Country Director, Auguste Tano Kouame, dismissed worries over short-term fluctuations, calling India “the shining light in the world.”

19 Jan 2025

World Bank Predicts India's Fiscal Deficit To Shrink As Tax Revenues Rise

In contrast, fiscal deficits in other South Asian nations are projected to remain stable due to fiscal adjustments being offset by higher interest payments in Pakistan and infrastructure investments in Bangladesh.

18 Jan 2025

India Continues To Outpace Global Peers On Economic Growth: Centre

At a time when global growth is expected to remain at 2.7 per cent in 2025-26, this remarkable performance underscores India’s resilience and its growing significance in shaping the world’s economic trajectory, said Ministry of Information and Broadcasting.

22 Dec 2024

Bangladesh Receives 1.16 Bn USD World Bank Financing For Inclusive Development

The World Bank approved 1.16 billion USD to help Bangladesh improve health services, water and sanitation services and achieve greener and climate-resilient development.

20 Dec 2024

World Bank Approves USD 800 Million Loan For Development Of Amaravati City

The World Bank will bring global expertise to support the design of city institutions and infrastructure that can create economic opportunities.

06 Oct 2024

FM Sitharaman Meets G20 Expert Prof Stern On Strengthening Multilateral Banks

During the meeting, Finance Minister Sitharaman shared updates on the World Bank's Evolution Agenda, which is actively considering 27 of the 30 recommendations put forth by the G20 Independent Expert Group.

02 Oct 2024

World Bank Expects 5.1% Growth For Nepal

The South Asian country achieved a growth of 3.9 per cent in 2023-24, noted the international financial institution.

03 Sep 2024

World Bank Raises India Growth Forecast To 7 Per Cent For FY25

According to Economic Survey, the country's real gross domestic product (GDP) will grow at 6.5-7 per cent in 2024-25. However, the Reserve Bank of India estimates a higher 7.2 per cent for the current financial year.

03 Apr 2024

World Bank Raises India's GDP Growth Forecast To 7.5% For 2023-24

The World Bank has raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia.

23 Sep 2023

95 Million Pakistanis Under Poverty, Urgent Reforms Needed: World Bank

Poverty in Pakistan rose within one year from 34.2 percent to 39.4 percent.

10 Aug 2023

Uganda President Defiant After World Bank Funding Suspended Over LGBT Law

The anti-LGBTQ law in Uganda, enacted in May, has drawn widespread denunciation from local and international rights organisations and Western governments, though it is popular domestically.

24 Jun 2023

World Bank Approves USD 255.5 Million Loan For Govt-Run Indian Institutions

Tertiary education in India has been growing steadily from 29 million enrolled students in 2011-12 to 39 million enrolled students across 40,000 institutions in 2019-20.

17 Jun 2023

World Bank Approves $150 Mn Loan To Support Resilient Kerala Program

The plan will assess the current and future shoreline changes in the state and create policies to address the risks to environmental resources, human settlements, and infrastructure along the coast.

16 May 2023

Argentina Raises Interest Rate To 97%, Inflation Rate At 100%

That's the highest level since the early 1990s, and currently, Venezuela and Zimbabwe are the only two countries experiencing higher inflation than Argentina, according to International Monetary Fund data.

04 May 2023

Nirmala Sitharaman Congratulates Ajay Banga On Becoming World Bank President

The President of the World Bank Group is also the Chair of the Board of the Executive Directors of the International Bank for Reconstruction and Development (IBRD).

03 May 2023

Indian-American Ajay Banga Appointed As President Of World Bank

Banga, a finance and development expert, will take over the role on June 2. He was the sole contender to replace departing World Bank chief David Malpass whose term ends early next month.

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