India is aiming to improve its ranking within top 50th in the coming years. Improving ranking helps a country to provide a better investment climate for investors.
Sakshi Batra does a 3 Point Analysis of the observations of the IMF meeting and what does that imply about global growth.
Global finance leaders gathered from the spring meetings of the International Monetary Fund and the World Bank agree that the global economy has lost momentum this year.
In the note, dated April 4, the World Bank said its approach does not capture indirect losses such as reduced productivity or business interruptions, and could only provide a certain degree of accuracy.
This is Jaitley's first official overseas trip since his kidney transplant in mid-May last year.
Malpass, who started at the Bank on Tuesday, was nominated by U.S. President Donald Trump. Some development professionals feared that he would pursue Trump's "America First" agenda at the bank by resuming financing for coal power projects and pressuring China.
Migrant workers and others sent home an estimated USD 529 billion to low- and middle-income countries last year, up 9.6 per cent from the year before, which had also been a record.
India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion), the global lender said.
Data for the first three quarters suggest that growth has been broad-based. Industrial growth accelerated to 7.9 percent, making up for a deceleration in services.
Praising attempts to liberalize markets within India, Hans Timmer, World Bank Chief Economist for the South Asia Region said "that is what is needed to become more competitive."
The lack of data on water availability, water usage, cost of supply, etc, in the public domain has hampered the stakeholders understanding the gravity of the situation and find sustainable solutions on the basis of informed choices and opportunities.
The industrial policy, which was billed as a comprehensive rule book aimed to turn India into a friendlier business destination, was initially set for launch last year
The World Bank has been led by American men since its founding in the aftermath of World War II, while its sister institution, the IMF has always been led by a European.
The new government would need to prepare a roadmap for implementing regulatory reforms that will enable India to attract investment and build businesses.
An agreement in this regard was signed between the World Bank and the Government of India on March 4.
Labour market policies can help different groups of workers acquire the right skills and ensure that the gains of increased exports are shared more broadly across society, said the report jointly released by the World Bank and the International Labour Organization.
Addressing the valedictory session of the International Dam Safety Conference here, Meghwal said, "Due to impressive achievement so far, it has been decided to extend the percentage of large dams under DRIP from the current 4 per cent to 13 per cent."
According to an unwritten rule, as the single largest shareholder, Washington gets to choose the leader, with the support of European nations.
If voted by the Directors of the World Bank Group, he would replace Jim Yong Kim as the president of the world bank, a position which has traditionally been held by Americans.
China is the World Bank's third largest shareholder after Japan, with about a 4.5 percent share of voting power.
Pakistan is nearly broke with the drying up of foreign cash reserves and mounting external debt.
India will witness barely any growth in 2019, and its economy could see a negative if the recent downgrading of its GDP growth numbers from 7.5% to 7.2% turn out to be true.
Indra Nooyi, 63, stepped down as PepsiCo's chief last August after leading the company for 12 years.
World Bank's current president Jim Yong Kim announced last week that he will step down next month, triggering speculation about his replacement.