India’s economic growth in recent years has been driven by domestic demand and its exports were about one third of its potential, a World Bank official said, asserting that the next government needs to focus on export-led growth. Praising attempts to liberalise markets within India, Hans Timmer, World Bank Chief Economist for the South Asia […]
Credit rating agency Fitch Ratings has lowered India’s economic growth forecast for the next financial year starting April 1, to 6.8 per cent from its previous estimate of 7 per cent, on weaker than expected momentum in the economy. “While we have cut our growth forecasts for the next fiscal year (FY20, ending in March […]
After several months of oil price rises and then a sharp reversal over the last few weeks, world oil markets are in for more heightened volatility next year because of scarce spare production capacity among OPEC members. This warning comes from the World Bank, which in the latest edition of its Russia Economic Report said that OPEC […]
The World Bank Group said early this week that it would double its current five-year investments to US$200 billion during the period 2012 through 2025 to support countries in their climate action plans. The $200 billion investment from the World Bank Group in 2021-2025 will consist of some $100 billion in direct finance from the World Bank […]
More than half of commodity prices (and all non-coal energy prices) are expected to increase in 2018, but four-fifths of them will remain below their 2011 peaks, the World Bank said in its latest Commodity Markets Outlook report, adding that energy prices are forecast to rise 20 percent in 2018—a 16 percentage point upward revision […]
South Asia has regained its lead as the fastest growing region in the world, supported by recovery in India, the World bank said, adding that with the right mix of policies and reforms, growth is expected to accelerate to 6.9 percent in 2018 and 7.1 percent next year. The Bank’s twice-a-year South Asia Economic Focus (SAEF) finds […]
Growth in developing East Asia and Pacific (EAP) is expected to remain strong and reach 6.3 percent in 2018, according to the latest World Bank economic report on the region. Prospects for a continued broad-based global recovery and robust domestic demand underpin this positive outlook. Still, emerging risks to stability and sustained growth require close […]
India’s hopes of achieving the figure of 7.5% GDP growth in next couple of years looks like a pipe dream, according to the World Bank predictions. On the occasion of World Water Day, the Bank has asked India to exercise caution against its “water-scarce” situation. India needs to start managing its water, if it wishes […]
The World Bank has projected India’s GDP growth at 7.3 per cent for the next financial year and accelerate further to 7.5 per cent in 2019-20. The Bank said in its latest update on India that it expects the economy to clock a growth rate of 6.7 per cent in the current fiscal ending March […]
The World Bank forecast global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices. However, this is largely seen as a short-term upswing. Over the longer term, slowing potential growth—a […]