World Bank

The multilateral lender cited resilient domestic demand and stronger export prospects, while warning that higher energy prices could strain government finances

The Bank also cut its estimates for global economic growth to 2.5 per cent due to the West Asia crisis; India seen growing at 6.6 per cent in FY27 and 7.2 per cent in FY28

Container Port Index shows Mundra down 5 ranks, Pipavav best private port in India

The Axis Bank chief economist and EAC-PM member will serve a three-year term at the World Bank headquarters in Washington DC, succeeding Parameswaran Iyer

Economist Neelkanth Mishra was on Thursday appointed as Executive Director of the World Bank in the US for a tenure of three years. He will succeed incumbent Parameswaran Iyer, a 1981 batch retired Indian Administrative Service (IAS) officer of Uttar Pradesh cadre. Iyer was appointed to the post in February 2023. The Appointments Committee of the Cabinet (ACC) has approved Mishra's appointment as Executive Director, World Bank Headquarters, Washington DC, USA, for a tenure of three years from the date of assumption of charge of the post, a Personnel Ministry order said. Mishra is a part-time member of the Economic Advisory Council to the Prime Minister (EAC-PM), an independent body constituted to give advice on economic and related issues to the Central government, specifically to the prime minister. A gold medallist from the Indian Institute of Technology, Kanpur, Mishra is the Managing Director and Co-Head of Equity Strategy, Asia Pacific, and the India Strategist for Credit Sui

They said that the world economy remained resilient, but the conflict was disproportionately affecting poorer countries through ‌higher fuel and fertiliser prices, increased uncertainty, and job risks

India has improved access to safe drinking water, but one in four people still lack reliable supply, with rural areas and groundwater dependence a key concern

Annual investments in India by IFC, the private-sector arm of the World Bank Group, have ‌risen to about $5.4 billion in 2024-25 from about $1.3 billion in financial year 2021-22

The IMF and the World Bank pledged up to a combined $150 billion in new financing assistance for developing countries hit hardest by the massive energy price shock

Anuradha Thakur, Secretary in the Department of Economic Affairs, said India continues to stand out as a reliable and rapidly expanding economic partner

World Bank chief said governments must balance immediate crises with long-term priorities including job creation, clean water access and electrification

India received the highest number of regressive tax recommendations from the International Monetary Fund (IMF) between 2022 and 2024, according to an analysis by Oxfam. The analysis, released ahead of the IMF and World Bank spring meetings in Washington, has flagged that the global body is applying "double standard" by giving largely progressive advice to wealthy countries while suggesting regressive measures for others that are "likely to exacerbate inequality". The report said 59 per cent of the IMF's tax advice to low- and lower-middle-income countries was regressive, while 52 per cent of its recommendations to high-income countries were progressive. A regressive tax refers to a uniform taxation system which burdens those in lower income groups more than high earners. In contrast, a tax levied in proportion to one's income is termed progressive. Oxfam examined 1,049 tax recommendations made by the IMF to 125 countries between 2022 and 2024 and found that only 30 recommendations,

IMF chief Kristalina Georgieva warned that the international community is becoming less able to respond to shocks

The World Bank has released USD 340 million so far for the Amaravati Capital Phase-I development, a top official from the international financial institution has said. Andhra Pradesh is likely to get another USD 150 million by the end of April, a senior state government official said. "In April, we are getting another USD 130-150 million from both the entities (WB and ADB)." The rate of interest would be about 8 to 8.5 per cent and will keep fluctuating depending upon the international rates, the official said. The World Bank, along with the Asian Development Bank have committed USD 1,600 million (USD 800 each) for the Amaravati Capital Phase-I development. Besides the WB and ADB, the Centre will be funding Rs 1,400 crore, out of the Rs 15,000 crore committed by it. "In terms of disbursements, the World Bank has issued USD 340 million as of April 2026. The AIUDP (Amaravati Integrated Urban Development Programme) is being implemented under the Program for Results framework, under wh

High oil prices pose risks but India's strong buffers, resilient exports and policy space can help navigate global uncertainty, says the World Bank

The World Bank on Thursday said India is well placed to weather the current global energy shock with ample buffers, including high foreign exchange reserves, fiscal space and low inflation, which will support growth despite global headwinds. Addressing a conference a day after raising India's GDP growth projections for the current fiscal to 6.6 per cent, the World Bank said India had dealt well the trade turbulence last fiscal and the Indian economy entered the current Middle East crisis, which has led to volatility in oil markets, "from a position of strength". World Bank Regional Practice Director, Prosperity, for South Asia, Sebastian Eckardt said, "India has strong policy buffers, high Forex reserves, fiscal space, to provide support as needed, as well as low inflation, and strong goals moment going into this current shock. And that strong growth momentum is supported by gross positive policies, including the EU FTA the new labour, all of these things, of course, reinforced and

Retail inflation is projected at ​4.9% for the current fiscal year ‌reflecting higher food and ​energy prices ‌and exchange depreciation pressure

The International Monetary Fund, the World Bank and the World Food Programme have said that the war in the Middle East has triggered one of the largest disruptions to global energy markets and will inevitably lead to rising food prices and food insecurity. In a joint statement, the heads of the three organisations said the burden of rising food prices will fall most heavily on the world's most vulnerable populations. "The Middle East war is upending lives and livelihoods in the region and beyond. It has already triggered one of the largest disruptions to global energy markets in modern history. "Sharp increases in oil, gas, and fertiliser prices, together with transport bottlenecks, will inevitably lead to rising food prices and food insecurity," said the joint statement issued after a meeting of the heads of the three institutions on Wednesday. They said the three organisations will continue to monitor the developments closely and coordinate the use of all available tools to suppo

World Bank upgrades India's FY27 growth outlook to 6.6% on strong domestic demand, but flags inflation risks and slowdown due to West Asia conflict

IMF, IEA and World Bank form coordination group to assess and manage energy and economic fallout of West Asia crisis, focusing on supply disruptions and global stability