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Strong domestic demand offsets slowdown concerns, says World Bank

World Bank raises India’s growth outlook to 6.6%, flags risks from global tensions

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Strong demand supports economy, but Middle East conflict may weigh on growth The World Bank has slightly raised India’s GDP growth forecast for FY27 to...
Indian firms dominate the World Bank’s “Ineligible Firms & Individuals” list for fraudulent and corrupt practices, as Gujarat‑based Transformers & Rectifiers (India) Limited becomes the latest in a long line of bans linked to international projects

World Bank’s debarred list shows over 50 Indian firms for fraudulent and corrupt practices

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India firms dominate World Bank’s debarred list The number of Indian companies and individuals debarred by the World Bank for fraudulent and corrupt practices is...
World Bank has approved a $280 million loan to Kerala to improve healthcare access, enhance digital health systems, and provide home-based care for the elderly and chronically ill — a key boost for India’s aging southern state

World Bank approves USD 280 million loan for health system improvement in Kerala

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Kerala health system gets global funding boost The World Bank on Friday said it has approved a USD 280 million loan (around Rs.24360 crore) for...
The data revealed that rural extreme poverty fell from 18.4% to 2.8%, while urban poverty dropped from 10.7% to 1.1% during the period

India sees sharp decline in extreme poverty, says World Bank report

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Over 269 million lifted out of poverty since 2011-12 India has made significant progress in reducing extreme poverty over the past decade, with the latest...
In its report titled India Poverty and Equity Brief, the multilateral agency said that extreme poverty—defined as living on less than $2.15 per day—fell to 2.3% of the population in 2022–23, down from 16.2% in 2011–12

India lifted 171 million people from extreme poverty between 2011-12 and 2022-23: World Bank

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India’s triumph in combating poverty The World Bank’s latest report says India has lifted 171 million people from extreme poverty in the decade between 2011-12...
World Bank Chief says a lot of that growth is in India, is driven by the domestic market as well, which actually is a healthy sign

India’s growth rate among shiniest in global economy: World Bank Chief Ajay Banga

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World Bank Chief highlights India’s stellar growth rate On Thursday, World Bank President Ajay Banga highlighted that India's growth rate stands out as the brightest...
Overall scenario in Pakistan shows a very grim and weak picture of its economy and the growth forecasts for at least 3 years or more

Over 10 million Pakistanis, 1 million Bangladeshis may slip below poverty line: World Bank

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WB report warns of persistent rise in inflation and cost-of-living crisis The World Bank has cautioned that over 10 million Pakistanis may fall below the...
India's statistics ministry pegged the current year's growth rate at 7.6%, 30 basis points higher than its first advance estimate of 7.3%

World Bank rises India FY25 growth projection to 6.6%; pegs FY24 GDP at 7.5%

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Growth in South Asia is projected at 6.0–6.1% in 2024–25 largely due to robust economic activity in India, says World Bank The World Bank on...
Declining inflation, strong labour markets in high-income source countries are main factor behind rising remittances to India

India tops global remittances list for 2023 with $125 bn inflow: World Bank

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India's inward remittances now account for 3.4% of the country’s gross domestic product The inward remittances to India in 2023 increased by 12.3 percent to...
Pakistan's human development outcomes lag well behind the rest of South Asia and are roughly equivalent to those in many Sub-Saharan African countries

Pakistan’s economy on edge of precipice, warns World Bank

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World Bank urges consensus on reforms to revive Pakistan’s ailing economy Pakistan is in its tipping point crisis where it should decide to remain a...
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