India needs to focus on export-led growth: World Bank

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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 […]

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Oil prices seen averaging $65 in 2018, metal prices seen rising 9 percent on demand pickup, says World Bank

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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 […]

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South Asia re-emerges as fastest growing region in the world, lifted by India – World Bank

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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 […]

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Growth prospects for East Asia and Pacific remain strong but risks need attention, says World Bank

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 […]

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World Bank report spells out the biggest hindrance to India’s sustained GDP growth

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 […]

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Global economy to edge up to 3.1% in 2018 but future potential growth a concern, says World Bank

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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 […]

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