At World Bank Development Committee Meeting, Sitharaman Calls for Greater Private Capital Mobilisation, Better-Paid Jobs

October 15, 2026 11:51 PM

At World Bank Development Committee Meeting, Sitharaman Calls for Greater Private Capital Mobilisation, Better-Paid Jobs

Union Finance Minister Nirmala Sitharaman has called for greater private capital mobilisation and the creation of productive, better-paid jobs, saying these remain the most effective pathway to poverty reduction and shared prosperity amid growing energy market stress, trade fragmentation, climate pressures and rapid technological change. Sitharaman made the remarks while participating as India’s Governor of the World Bank in the 114th Meeting of the Development Committee Plenary in Bangkok, T...

IMF revises India’s GDP growth upward to 6.4% for FY26 and FY27

July 30, 2025 12:23 PM

IMF revises India’s GDP growth upward to 6.4% for FY26 and FY27

India is now projected to register a GDP growth of 6.4 per cent in both FY26 and FY27, with the International Monetary Fund (IMF) revising its earlier forecast slightly upward. The revision reflects a more benign external environment than what was assumed in its April forecast, according to the IMF’s latest World Economic Outlook (WEO) report released on Tuesday. For the current fiscal year, the IMF has raised India’s GDP growth forecast by 20 basis points (bps) to 6.4 per cent. It has also...