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 World Bank in a report on Friday said India’s economy needs to expand at an average growth rate of 7.8 per cent over the coming decades to become a high-income country.
The World Bank has expressed strong confidence in the Indian economy and appealed to all to come forward to invest in the country.
The first generation of fiscal reforms in the states started with the enactment of Fiscal Responsibility and Budget Management Acts (FRBMA) between 2006 and 2010 at the prodding of the 12th Finance Commission.
The World Bank (WB) has warned that climate change could erode up to 12 per cent of Zimbabwe's Gross Domestic Product (GDP) annually if the country does not implement robust measures to tackle the phenomenon.
Zimbabwe's economic outlook is positive, with growth expected to increase to six per cent in 2025, up from two per cent last year on the back of an anticipated recovery in agriculture and robust growth in industry and services, the World Bank (WB) said Friday.
