World Bank Report

World Bank raises India's FY27 growth forecast to 7.1 per cent from 6.6 per cent but flags risks from high oil prices, El Niño and capital flow volatility

MNCs, globally-linked firms hiring at a much slower pace than domestic peers as GenAI starts reshaping South Asia's labour market

Sri Lanka has re-entered the World Bank's upper-middle-income group while India remains lower-middle income because the rankings are based on per capita income, not the size of the economy

Fitch Ratings keeps country at lowest investment grade, citing poor scores in political stability and corruption control

Congress disputes India's Gini Index-based equality ranking, citing 28.1% poverty rate and widening disparity as evidence of flawed data and government spin

The IDR focuses specifically on external debt and classifies countries by income level

In June, the bank had projected Myanmar's economy would grow 1 per cent during the current fiscal year, which ends in March 2025, but warned of increasing poverty and escalating violence

Afghanistan's economy is showing modest signs of growth after two years of severe contraction, the World Bank said. In its latest development update issued late Wednesday, the financial institution said modest GDP growth of 2.7 per cent was driven by private consumption. The partial recovery, coupled with falling food prices, helped to gradually improve household welfare. Before the Taliban returned to power in August 2021, Afghanistan's economy relied heavily on foreign aid and corruption was rife. Their takeover three years ago sent the economy into a tailspin, as billions in international funds were frozen, and tens of thousands of highly skilled Afghans fled the country and took their money with them. Afghan's exports remained stable in 2023-24 but imports surged, creating a widening trade deficit, according to the World Bank. This deficit, exacerbated by dependence on imports for essential goods like fuel, food and machinery, could pose a risk to the country's economic ...

India's total external debt has increased by USD 31 billion to USD 646.79 billion in 2023, according to World Bank International Debt Report. The report further said that interest payment increased from USD 15.08 billion in 2022 to USD 22.54 billion in 2023. While the long-term debt stocks have risen 7 per cent to USD 498 billion in 2023, short-term debt stocks declined marginally to USD 126.32 billion in 2023. According to the report, external debt stock as percentage of exports was 80 per cent, while debt servicing was 10 per cent of exports in 2023. The World Bank International Debt Report, 2024, further said that net debt inflows during the year worked out to be USD 33.42 billion, while the net equity inflows was higher at USD 46.94 billion in 2023.

According to the World Bank's Logistic Performance Index, India's ranking moved to 38 in 2023 among 139 countries from the rank of 54 in 2014

The global economic report of the World Bank noted that in the South Asian region, India is set to sustain its robust growth momentum although it will moderate in coming years

World Bank is focusing on housing solutions for women to address women empowerment and provide them equal opportunity, a senior official has said. If India increases its female labour force participation to 50 per cent, it would help boost GDP growth by 1 per cent which is huge for a country like India, World Bank Managing Director (Operations) Anna Bjerde said. The official was in the city recently to visit World Bank-supported projects. She visited the working women's hostel - 'Thozhi' - which has been jointly developed by the Government of Tamil Nadu, World Bank and the private sector and is located at suburban Tambaram. TN Chief Minister M K Stalin had inaugurated the hostel in January. "I think the ultimate achievement while we are focusing on a housing solution for women is because we want to address women empowerment and an equal opportunity for women. What we see by solutions like these is that some of them undertake studies or some take up interesting jobs in IT or ...

In the coming years, South Asian nations are expected to experience significant economic development, according to the new World Bank report

Earlier this year, India's rank went up by six places to reach the 38th rank out of 139 countries in the seventh edition of Logistics Performance Index (LPI 2023)

Other examples of DPIs include Singapore's Singpass, the Philippines' PhilSys, UAE-Pass, and fast payment systems such as India's UPI, Brazil's Pix, Turkiye's FAST among others

IDs can play a vital role during family disputes by promoting corporate governance, ethical conduct, ensuring strict compliance and controls, and resolving conflicts fairly and equitably

Afghanistan is among one of the seven countries which face a catastrophic level of food crisis, the World Bank highlighted in its report, Khaama Press reported

Fewer distress-induced job transitions occurred in Q2CY2021, and only around 20 per cent of salaried and self-employed workers transitioned either into casual-wage work or exited the labour force

Growth in developing East Asia, Pacific is forecast to accelerate in 2023 as China's economy reopens, while the pace of growth in most of the economies in the rest of the region is anticipated to ease

Amid multiple domestic and international reverses due to its zero-Covid policy and assertiveness, China is unlikely to meet its estimated GDP growth rate, according to World Bank