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India's Extreme Poverty Drops From 27.1% To 2.6% In 12 Years: World Bank
The report said the proportion of people living below the lower-middle-income poverty line of USD 4.20 per day, measured at 2021 purchasing power parity (PPP), also fell from 57.7 per cent to 16.1 per cent during the period.
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Consul General In Shanghai Praises India's Economic Growth Projections
The top agencies had earlier projected high economic growth in India, with Pratik Mathur saying that the numbers "yet again underline the strong growth fundamentals of the Indian economy".
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Debt-Trapped Pakistan To Chair IMF, World Bank Boards In 2027
Minister for Economic Affairs Ahad Khan Cheema, who is also Pakistan's governor to the World Bank, was formally announced as the incoming chair during the plenary session of the 2026 WBG-IMF Annual Meetings in Bangkok.
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India Among Top Three Global Investors As World Bank's Private Capital Mobilisation Triples To $112B
India ranked among the top three sources of private capital mobilised by the World Bank Group in FY26, alongside the United States and the United Kingdom. The institution’s private capital mobilisation reached a record $112 billion.
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'India Among Leading World Bank Investors': Ajay Banga
In his address to the World Bank Annual Meeting plenary in Bangkok, Ajay Banga highlighted India's growing role in international development financing.
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Poverty Went Down In India Over A Decade. How Earnings Are Keeping Up
India's worker-population ratio, which measures the share of people who are employed, increased from 46.8 per cent in 2017-18 to 58.2 per cent in 2023-24
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Poorest 10% In Rich Countries Earn More Than India's Richest 10%: World Bank
Even those ranking among India's wealthiest households have lower living standards than people at bottom of income distribution in advanced economies.
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World Bank Raises India GDP Growth Forecast For FY27 To 7.1%
India remains one of the fastest-growing major economies in the world and a key contributor to global growth, the multilateral organisation said in its latest India Development Update.
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World Bank Raises India's GDP Growth Forecast To 7.1% For This Fiscal
India's growth accelerated to 7.8 per cent in FY26 from 7.2 per cent in FY25, driven by strong investment and solid private consumption, as the favourable policy and credit environment outweighed trade tensions.
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Nobel Laureate Michael Kremer Named Next World Bank Chief Economist
Michael Kremer, 61, won the Nobel Prize in Economic Sciences in 2019 jointly with Esther Duflo and Abhijit Banerjee for their experimental approach to alleviating global poverty.
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"Egregiously Wrong": World Bank's Neelkanth Mishra Slams Critics Of India's GDP Data
India is still a lower-middle-income economy with significant "slack" in the labour market, said World Bank Executive Director Neelkanth Mishra.
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Why India Has Less To Fear From AI, According To The World Bank
A new World Bank report says developing countries such as India stand to gain significantly from AI, with workers here likely to face far less disruption than those in richer economies.
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Five Indian States Cross World Bank's Upper-Middle-Income Mark; Maharashtra Misses By Just $8
Five Indian states have crossed the World Bank's upper-middle-income benchmark, while Maharashtra misses the threshold by just $8. See the full list.
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World Bank To Phase Out Lending To China By 2031
The World Bank will phase out its lending to China by 2031, according to the organization's new country partnership framework, a source familiar with the matter told AFP on Tuesday.
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27 Nations Seek World Bank Funding Amid Iran War Impacting Global Energy
The World Bank document did not name the countries or the total amount of funds potentially being sought. The World Bank declined to comment.
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India's Extreme Poverty Drops From 27.1% To 2.6% In 12 Years: World Bank
The report said the proportion of people living below the lower-middle-income poverty line of USD 4.20 per day, measured at 2021 purchasing power parity (PPP), also fell from 57.7 per cent to 16.1 per cent during the period.
-
Consul General In Shanghai Praises India's Economic Growth Projections
The top agencies had earlier projected high economic growth in India, with Pratik Mathur saying that the numbers "yet again underline the strong growth fundamentals of the Indian economy".
-
Debt-Trapped Pakistan To Chair IMF, World Bank Boards In 2027
Minister for Economic Affairs Ahad Khan Cheema, who is also Pakistan's governor to the World Bank, was formally announced as the incoming chair during the plenary session of the 2026 WBG-IMF Annual Meetings in Bangkok.
-
India Among Top Three Global Investors As World Bank's Private Capital Mobilisation Triples To $112B
India ranked among the top three sources of private capital mobilised by the World Bank Group in FY26, alongside the United States and the United Kingdom. The institution’s private capital mobilisation reached a record $112 billion.
-
'India Among Leading World Bank Investors': Ajay Banga
In his address to the World Bank Annual Meeting plenary in Bangkok, Ajay Banga highlighted India's growing role in international development financing.
-
Poverty Went Down In India Over A Decade. How Earnings Are Keeping Up
India's worker-population ratio, which measures the share of people who are employed, increased from 46.8 per cent in 2017-18 to 58.2 per cent in 2023-24
-
Poorest 10% In Rich Countries Earn More Than India's Richest 10%: World Bank
Even those ranking among India's wealthiest households have lower living standards than people at bottom of income distribution in advanced economies.
-
World Bank Raises India GDP Growth Forecast For FY27 To 7.1%
India remains one of the fastest-growing major economies in the world and a key contributor to global growth, the multilateral organisation said in its latest India Development Update.
-
World Bank Raises India's GDP Growth Forecast To 7.1% For This Fiscal
India's growth accelerated to 7.8 per cent in FY26 from 7.2 per cent in FY25, driven by strong investment and solid private consumption, as the favourable policy and credit environment outweighed trade tensions.
-
Nobel Laureate Michael Kremer Named Next World Bank Chief Economist
Michael Kremer, 61, won the Nobel Prize in Economic Sciences in 2019 jointly with Esther Duflo and Abhijit Banerjee for their experimental approach to alleviating global poverty.
-
"Egregiously Wrong": World Bank's Neelkanth Mishra Slams Critics Of India's GDP Data
India is still a lower-middle-income economy with significant "slack" in the labour market, said World Bank Executive Director Neelkanth Mishra.
-
Why India Has Less To Fear From AI, According To The World Bank
A new World Bank report says developing countries such as India stand to gain significantly from AI, with workers here likely to face far less disruption than those in richer economies.
-
Five Indian States Cross World Bank's Upper-Middle-Income Mark; Maharashtra Misses By Just $8
Five Indian states have crossed the World Bank's upper-middle-income benchmark, while Maharashtra misses the threshold by just $8. See the full list.
-
World Bank To Phase Out Lending To China By 2031
The World Bank will phase out its lending to China by 2031, according to the organization's new country partnership framework, a source familiar with the matter told AFP on Tuesday.
-
27 Nations Seek World Bank Funding Amid Iran War Impacting Global Energy
The World Bank document did not name the countries or the total amount of funds potentially being sought. The World Bank declined to comment.
