New Delhi, April 10 (IANS) The Office of the Prime Minister of India on Friday highlighted an IANS report on World Bank President Ajay Banga backing job creation as the core of development strategy and citing India’s cooperative model as an example of scalable growth.The story shared by PMO India on the social media platform X underscores the importance of employment-led growth and the global recognition of India’s development approach.Banga emphasised that development efforts must move beyo…
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Washington, April 10 (IANS) Underscoring job creation as the core of global development strategy, World Bank president Ajay Banga has pointed to models like India’s cooperative sector as examples of scalable growth solutions.Speaking at the Atlantic Council ahead of the annual Spring meeting of the World Bank and International Monetary Fund, Banga said development efforts must shift focus from individual projects to broader outcomes centred on employment and economic opportunity.“Development…
Washington, April 10 (IANS) Rising geopolitical tensions are beginning to reshape economic expectations, with the World Bank’s president Ajay Banga warning that prolonged conflict could dampen growth, fuel inflation and strain vulnerable economies.Speaking at the Atlantic Council, World Bank President Ajay Banga said the ongoing conflict in the Middle East, combined with existing crises such as the war in Ukraine, is already exerting pressure on global economic conditions.“The emerging marke…
New Delhi, April 9 (IANS) A protracted conflict in the Middle East could push Bangladesh’s inflation higher, widen the current‑account deficit, weaker exports, lower remittances and reduce fiscal space as energy subsidies rise, a new report has said.The latest Bangladesh Development Update projects growth to slow to 3.9 per cent in FY26, World Bank said.Bangladesh’s economy also faces rising poverty, persistent inflation, stressed banking sector, weak revenue mobilization, and subdued privat…
Chandigarh, April 9 (IANS) In a significant push towards long-term water sustainability, Chief Secretary Anurag Rastogi on Thursday chaired a high-level meeting with the World Bank Appraisal Mission, marking a decisive step forward in the implementation of the ambitious ‘Water Secure Haryana’ programme. The programme, with a total outlay of Rs 5,715 crore, including a Rs 4,000 crore World Bank loan, is aimed at improving the efficiency, reliability and sustainability of agricultural water us…
New Delhi, April 9 (IANS) Youth unemployment is emerging as a major problem in China which is raising a question mark on the Asian giant’s “economic miracle.” World Bank estimates put youth unemployment at about 17.7 per cent in 2025, reflecting slower job creation amid an increasing number of university graduates entering the labour market. Official data released in 2025 showed unemployment among those aged 16–24 rising to 16.9 per cent. Social media amplified the issue when a PhD gradu…
Washington, April 9 (IANS) Bangladesh’s economy is expected to see a gradual recovery after a period of slowdown, supported by improving domestic demand and stabilising conditions, the World Bank said.Growth is projected at 3.9 per cent in fiscal year 2025-26, reflecting the impact of earlier political unrest and external pressures on economic activity, according to the World Bank’s latest assessment.The report said the economy is recovering from disruptions linked to political instability i…
Washington, April 9 (IANS) Pakistan is facing mounting debt pressures, weak growth prospects and persistent structural vulnerabilities, which risks its economic stability, the World Bank said.The report highlighted that economies with high public debt, limited fiscal space and heavy external financing needs remain particularly exposed to global shocks such as rising energy prices and tighter financial conditions.Pakistan, now assessed under a broader regional grouping rather than South Asia, fal…
Washington, April 9 (IANS) India’s economy is maintaining strong growth momentum, driven by robust domestic demand, resilient services exports and sustained reforms, the World Bank said in its latest report.Growth is estimated at 7.6 per cent in fiscal year 2025-26, higher than earlier projections, reflecting the strength of consumption and investment activity, according to the South Asia Economic Update.Private consumption has been a key driver. The report said retail demand has remained stea…
Kathmandu, April 8 (IANS) Nepal’s economic growth is projected to slow significantly in the current fiscal year 2025–26, weighed down by the over-a-month-long US-Iran war and the lingering effects of the Gen Z movement in September last year, the World Bank said in a report on Wednesday. Real gross domestic product (GDP) growth is expected to moderate to 2.3 per cent in fiscal year 2025–26, which ends in mid-July, according to the World Bank’s biannual flagship report, Nepal Development Upda…