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World Bank
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World Bank Maintains India’s 2023-24 GDP Growth at 6.3%, Citing Resilience Amidst Global Challenges
The World Bank has reaffirmed its GDP growth forecast for India in the financial year 2023-24, keeping it…
The World Bank has approved $1.5 billion to support India’s low carbon energy sector.
The World Bank (WB) has announced the approval of $1.5 billion in financing aimed at accelerating the development of India's low carbon energy sector.
According to Indermit Gill, the Chief Economist of the World Bank, India is poised to experience robust economic growth.
Indermit Gill, Chief Economist at the World Bank, recently highlighted India's ongoing infrastructure development and favorable demographics as key factors in its economic growth prospects.
World Bank has reduced its prediction for India’s economic growth in the current fiscal year to 6.3%.
Despite the challenges facing the economy, some experts remain optimistic about India's long-term growth prospects, given its large and growing middle class, young and skilled workforce, and favorable demographic profile.
Ajay Banga, a former Executive of MasterCard, has been proposed by US President Joe Biden to lead the World Bank.
Former Mastercard CEO Ajay Banga has been nominated by US President Joe Biden to lead the World Bank, following the announcement of David Malpass's plans to step down from his position as the current chief. The World Bank has recently initiated a process to accept candidate nominations, with the deadline set for March 29. The bank has stated that it strongly encourages the nomination of women candidates.