India's growth rate among shiniest In global economy: World Bank president Ajay Banga
Washington/IBNS: India's economic growth stands out as a bright spot in the global economy, according to World Bank President Ajay Banga, who highlighted that much of this progress is fueled by the domestic market.

"There is no doubt that India's growth rate is among the shiniest parts in the world economy. I think being able to grow at six, seven per cent and more in this kind of environment shows you that they've done a number of things to get there," Banga stated during a press briefing ahead of the World Bank and International Monetary Fund's annual meeting next week.
He pointed out that the country's growth is largely driven by its internal market, which he described as a positive indicator.
Banga also emphasized the importance of addressing issues related to quality of life, such as air and water quality, as outlined by the prime minister.
"We are actively engaged with them on a number of topics to do with these, and I think we will see more results of those coming out in the coming months in terms of projects," Banga added when asked about ongoing collaborations.
World Bank Managing Director for Operations, Anna Bjerde, noted the institution’s support for India's efforts to translate its economic growth into job creation and sustainable development.
She stressed the importance of increasing women's participation in the workforce, highlighting India's significant potential in this area.
Additionally, Bjerde mentioned that the World Bank is partnering with India on urban development, recognizing the vast potential to improve city living conditions, particularly in areas like air quality, water supply, and urban planning.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles

CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.

JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.

LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).

De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News

Tripura sees 64.07 pc surge in domestic tourism: Minister Sushanta Chowdhury

Bangladesh army kills four tribals, injures 40 others in indiscriminate firing in CHT, RRAG calls for India’s downgrading of diplomatic relations with Yunus govt

Bicycle rally by NEEPCO & Agartala Cycloholics: Spreading message of cleanliness & environment

Jammu and Kashmir's Armless archer Sheetal Devi,18, clinches gold at Para World Archery Championships
