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 Minister said that the logistics sector will be a cornerstone in our endeavour to take India to a 10 fold growth from a USD 3.5 trillion to USD 35 trillion by 2047.
October is the month for the Annual Meetings of the World Bank/IMF, held this year in Marrakesh in Morocco. It is also the time when key reports on global economic and financial health are published.
"But the good news basically ends there,” Indermit Gill, World Bank chief economist, said on Wednesday.
According to the World Bank, India is expected to grow at 6.4% in FY25 and 6.5 in FY26.
The World Bank has issued a stern warning that Pakistan’s present economic model can no longer be successful in alleviating…
