Neelkanth Mishra noted that the cushion available within the pricing system remains adequate and that earlier fears of significantly larger fuel subsidies have not materialised.
The discussions focused on potential collaboration in areas such as establishment of critical mineral processing parks, manufacturing, investments, logistics infrastructure, industrial corridor development, skill enhancement and technology support.
The World Bank has projected India's growth at 6.6% in the Financial Year 2026-27. India's growth is skewed to the downside, even as ample foreign exchange buffers and a well-capitalised banking system help manage risks, the World Bank said.
A delegation of the state’s housing urban development department undertook an exposure and knowledge-sharing visit to Chennai to glean tips for affordable housing and urban habitat initiatives supported by the World Bank and the Asian Development Bank.
Over the past decade, Indian startups and emerging enterprises have attracted more than $150 billion in private investment, spanning venture capital, private equity, and growth funding, placing India among the largest startup investment destinations globally.
The global economy is showing greater resilience than expected despite historic trade tensions and policy uncertainty, with growth projected to remain broadly steady over the next two years, the World Bank said.
The artificial classifications of the World Bank and IMF at best serve their limited institutional purposes ~ to determine for eligibility of poorer developing countries for concessional loans, favourable trade terms etc., and for phasing these countries in or out of aid windows.
The IMF, World Bank, OECD, Moody’s, Fitch and the Asian Development Bank have either upgraded or maintained strong growth projections for India over the next two years, reinforcing its position as the world’s fastest-growing major economy, the government said in a statement.
Air pollution is no longer an environmental inconvenience; it is an economic shock with persistent and compounding effects. A recent World Bank report (March 2025) estimates that nearly 5 per cent of global GDP is lost annually due to air pollution through reduced labour productivity, lost working days, and shorter life expectancy.
The World Bank has approved financing a critical programme for Uttar Pradesh to help improve air quality for millions of people, with clean air benefits spilling over to other states.
