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3 Reasons The World Bank Trimmed India's GDP Forecast
The World Bank raised its 2023 global growth forecast even as it trimmed India's GDP growth forecast to 6.3% in FY24 from 6.6% forecast in January 2023. Here are some reasons the World Bank cut India's forecast, even while raising the ...
US Nominee Ajay Banga Elected As President By World Bank Board
The World Bank's 25-member executive board chose Ajay Banga, the former CEO of Mastercard, to lead the organisation for a five-year term beginning on June 2, the bank announced. Banga is an Indian-born finance and development expert tasked with modernising the ...
India Ranks 38 On World Bank's Logistic Performance Index
World Bank recently shared its report on global ranking of 139 countries on Logistic Performance Index (LPI) 2023. In the report, India has moved up six places to rank 38 now, on account of significant investments in both soft and hard ...
India's GDP growth to be moderate: World Bank
On Tuesday, the World Bank announced it had reduced its estimate for India's economic growth in the current fiscal year, which began on April 1, from 6.6% to 6.3%. "India's GDP growth is likely to moderate to 6.3 pc ...
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