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Make power distribution reforms a top priority: World Bank

Last Updated: Tuesday, June 24, 2014, 14:05

Electricity distribution to the end consumer in India needs reform in order to achieve the target of electricity to all by 2019, says the World Bank.

Climate policies could lift global GDP by $2.6 trillion/year: World Bank

Last Updated: Tuesday, June 24, 2014, 12:27

Global economic output could rise by as much as an additional USD 2.6 trillion a year, or 2.2 percent, by 2030 if government policies improve energy efficiency, waste management and public transport, according to a World Bank report released on Tuesday.

Roll out GST, reduce subsidies, World Bank advises India

Last Updated: Friday, June 20, 2014, 17:00

Ahead of the Modi-government's first budget, the World Bank on Friday suggested that India should roll out GST, reduce subsidies and broaden tax base to promote growth, projecting it to be lower at 5.5 percent for 2014-15, from the earlier forecast of 5.7 percent.

Nations like India must allocate more resources to end extreme poverty: WB

Last Updated: Thursday, April 10, 2014, 21:37

Countries like India, which accounts for nearly one third of the people living in poverty globally, need to complement efforts to enhance growth with policies that allocate more resources to the extreme poor, the World Bank said Thursday.

India's economy to grow at 5.7% in FY'15: World Bank

Last Updated: Wednesday, April 09, 2014, 22:06

The World Bank Wednesday projected an economic growth rate of 5.7 percent in fiscal year 2015 for India on the back of a more competitive exchange rate and many large investments going forward.

Q2 GDP encouraging, trend likely to continue: WB India head

Last Updated: Monday, December 02, 2013, 14:57

India's second quarter economic growth inched up to 4.8 percent during second quarter.

World Bank cuts India's 2013-14 GDP forecast to 4.7%

Last Updated: Wednesday, October 16, 2013, 15:14

Close on the heels of the IMF, the World Bank on Wednesday slashed India's economic growth forecast for the current financial year to 4.7 percent from an earlier projection of 6.1 percent.

Two degree rise in temperature will hit India's agriculture: WB

Last Updated: Wednesday, June 19, 2013, 22:11

An expected two degrees Celsius rise in the world's average temperatures in the next few decades would make India's summer monsoon unpredictable, affecting crop production, a World Bank report said Wednesday.

India, China to be biggest investors by 2030: World Bank

Last Updated: Friday, May 17, 2013, 19:56

India and China will be the biggest investors by 2030, accounting for 38 percent of the global gross investment and almost half of all the world manufacturing investment, says the World Bank.

India accounts for one third of the world poor: World Bank

Last Updated: Thursday, April 18, 2013, 10:44

The report said that 1.2 billion people still living in extreme poverty across the world.

WB to send new India strategy to its board: Kim

Last Updated: Tuesday, April 02, 2013, 21:08

Praising India's efforts to eliminate poverty, Kim said, "India's contribution to ending global poverty could be staggering. In the last five years, roughly 50 million people have been lifted out of poverty in India."

World Bank cuts India's GDP projection to 6% for 2012-13

Last Updated: Wednesday, October 10, 2012, 21:45

The Indian economy grew at 5.5 percent in the April-June quarter. In the previous fiscal (2011-12), growth had fallen to a nine-year low of 6.5 percent.