Islamabad, June 14 (IANS) The floods that occurred in recent years, rising temperatures, deteriorating drought conditions and increasing water stress in Pakistan have repeatedly showcased the institutional failures that leave vulnerable communities trapped in cycles of destruction and recovery, a report has said. The urgency about Pakistan’s environmental crisis became impossible to ignore as policymakers gathered for the Breathe Pakistan climate conference. However, despite repeated warnings fr…
Latest World Bank News & Updates
New Delhi, June 13 (IANS) Inflation in Telangana continues to be the highest among all states since January 2026 and now is at 6.15 per cent in May, which may be due to higher taxes on fuel, rise in rural wages and reliance on imported fresh produces, according to an SBI Research report.State-level consumer inflation statistics highlight a broad regional disparity across the country.Out of the 36 states/UTs, there are 12-14 states/UTs where inflation is higher than all India level. Inflation in …
Kathamandu, June 12 (IANS) At least eight people have died after a passenger bus plunged off the road in the Buchchakot area of Nepal’s central Kavrepalanchok district along the B P Highway, a senior official of the District Administration Office, Kavrepalanchok, said.Gopal Kumar Adhikari, Chief District Officer of Kavrepalanchok, told IANS that at least eight people travelling on the bus were killed, while 16 injured passengers are undergoing treatment at Dhulikhel Hospital in the same district…
New Delhi, June 12 (IANS) India’s Purchasing Managers’ Index (PMI) has shown strong resilience despite the winds of war in West Asia and rising energy input prices, according to an Assocham report on Friday.The PMI for India in May stands at 59.3, significantly higher than in all the major top 10 economies, with China at 54, the US at 51.5, Japan at 51.1 and Italy at 50.4.From January to May 2026, India’s PMI maintained a steady expansion despite global economic turbulence, according to Asso…
Washington, June 11 (IANS) India has entered a phase of “peak development potential” and is poised to sustain high growth over the next two decades, the World Bank’s Chief Economist Indermit Gill said, arguing that the country’s economic trajectory will be driven by its own strengths rather than by following China’s development model.During a briefing on the World Bank’s latest Global Economic Prospects report, Gill told IANS that India stands out among major economies because its long-term …
Washington, June 11 (IANS) India will remain the world’s fastest-growing major economy despite the economic shock from the conflict in the Middle East, with the World Bank on Thursday raised its growth forecast for the country even as it cut projections for much of the global economy.In its latest Global Economic Prospects report, the World Bank upgraded India’s growth forecast for 2026 to 6.6 per cent from its January estimate of 6.5 per cent and raised its 2027 projection to 7.2 per cent from …
Washington, June 11 (IANS) The conflict in the Middle East is emerging as a major economic threat to South Asia through rising oil, gas and fertiliser prices, with the World Bank warning that the region is among the most exposed to the fallout from the crisis despite remaining the world’s fastest-growing economic region.The World Bank’s latest ‘Global Economic Prospects’ report projects South Asia’s growth to slow from 7 per cent in 2025 to 6.3 per cent in 2026 as higher energy costs, inflationa…
New Delhi, June 9 (IANS) India’s journey over the past twelve years has been nothing short of transformative, reshaping its economic, technological, and infrastructural landscape with unprecedented speed and scale. What began in 2014 as a nation struggling under the label of the “Fragile Five” economies has now emerged as the world’s fastest-growing major economy, confidently steering towards the ambitious goal of becoming a five-trillion-dollar economy.This roadmap of the past twelve years of P…
New Delhi, June 7 (IANS) India’s sustained reforms over the past 12 years to improve its business regulatory environment, with the government’s focus shifting from a compliance-heavy system to a facilitation-driven ecosystem, have led to the country improving its ranking in global benchmarks on investor confidence and ease of doing business, according to an official factsheet issued on Sunday. The progress is reflected in global assessments such as the Doing Business Report 2020 by the World B…
New Delhi, June 5 (IANS) In a significant development, seasoned economist Neelkanth Mishra has been appointed as India’s Executive Director at the World Bank. The appointment, approved by the Appointments Committee of the Cabinet (ACC), will be for a tenure of three years at the World Bank headquarters in Washington, DC.Mishra will take charge from Parameswaran Iyer, whose tenure has been extended until Mishra assumes office. He is a part-time member of the Economic Advisory Council to the Prime…