Many global rating agencies and multilateral organisations have also revised their growth forecasts for India upward
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Despite global economic headwinds, the World Bank's outlook for India remains positive, with growth projected to remain strong at 7 per cent in the current financial year and continue robustly through FY26-27
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The report labels the rapidly ageing populations, increasing debt, geopolitical and trade frictions as the major hurdles which are going to pose a challenge in the coming years.
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At the end of 2023, 108 countries were classified as middle-income, each with annual GDP per capita in the range of USD 1,136 to USD 13,845
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This significant agreement covers an aggregate length of 781 kilometres across the states of Himachal Pradesh, Rajasthan, Uttar Pradesh, and Andhra Pradesh
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Intellect Design targets USD 40 million in revenue through a new line of business by 2027
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"The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments.," the World Bank said in a blog post.
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World Bank said India will remain the fastest-growing of the world's largest economies
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The principal secretary of urban development, Devesh Kumar, apprised the minister of the expansion of SJPNL to four more municipal corporations across the state
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