India carried out key structural reforms like demonetisation and the GST at the right time and it will serve the country well in the days to come, Finance Minister Arun Jaitley today said.
The World Bank yesterday forecast that India's GDP may slowdown from 8.6 per cent in 2015 to 7 per cent in 2017 because of disruptions by demonetisation and the GST.
Finance Minister Arun Jaitley has said the Indian government is working on a plan to rebuild the capacity of the banking sector.
The World Bank said in its report that India's economic momentum has been affected by disruptions from demonetisation and uncertainties around the GST.
FM Arun Jaitley is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank.
The recent slowdown in India's economic growth is an "aberration" mainly due to the temporary disruptions in preparation for the GST, the World Bank said on Thursday
Growth is expected to ease to 6.2 percent in 2018, mainly reflecting a gradual slowdown in China, Asia’s biggest economy.
The water sharing agreement -- seen as one of the most successful international treaties and having survived resurgent India-Pakistan conflict -- was signed in 1960 after nine years of negotiations between the two countries.
Basu’s remarks comes a day after government released the data showing GDP dropped to a three-year low of 5.7 per cent during April-June.
The talks between Indian and Pakistani officials over the Indus Water Treaty took place in a spirit of goodwill and cooperation, the World Bank has said
According to an official skill gap analysis, India will require an additional 109 million skilled workers in 24 key sectors by 2022
Released twice a year, the World Bank report sets out "recent developments across the economy and identifies risks and opportunities in the near-term future before focusing on a handful of key development challenges".
The World Bank today said that China is expected to grow by 6.5 per cent in the year 2017.
Following the intervention of the US and the World Bank, India and Pakistan will be returning to the negotiating table over the disputed hydropower projects in the Indus Valley in April.
India's Aadhaar system has won praises from World Bank which said such digital identification system helps governments to promote the inclusion of disadvantaged groups.
The government’s decision to scrap old Rs 500 and Rs 1,000 notes, in an attempt to fight corruption and black money, will have a profound and positive impact on India’s economy, World Bank CEO Kristalina Georgoieva has said.
India has urged the World Bank to grant $5-7 billion to meet the financial requirements of its projects.
The World Bank has said that it is ready to help both India and Pakistan to find a solution to the Indus Water Treaty dispute between the two countries.
The World Bank today decelerated India's growth for 2016-17 fiscal to a "still robust" 7 per cent from its previous estimate of 7.6 due to demonetisation
IFC, a financial institution that's part of the World Bank group, has invested in education technology company Byju's to enable the company to expand the access of quality education across the nation as well as
Top News
Latest News
