World Bank | DD News

October 9, 2026 3:06 PM

RBI Signals Calibrated Tightening as World Bank Lifts India’s Growth Outlook to 7.1%

Inside This Week's Economic Brief This week's Economic Brief covers RBI's calibrated tightening stance, the World Bank's upgraded 7.1% FY27 growth forecast, India's FTA utilization push, rare earth magnet manufacturing, and Aramco's warning on thin global oil inventories. This week's edition of The Economic Brief on DD India examined five major stories: RBI Governor Sanjay Malhotra's clarification on monetary policy stance, the World Bank's upgraded growth outlook for India, a renewed push to ...

October 6, 2026 3:09 PM

World Bank raises India’s FY27 growth forecast to 7.1% from 6.6%

The World Bank has raised its forecast for India's economic growth in FY27 to 7.1 per cent from 6.6 per cent, citing stronger-than-expected economic activity, robust domestic demand and exports. In its latest India Development Update, released on Tuesday, the World Bank said India's medium-term growth prospects remain strong despite global headwinds. The World Bank, however, flagged risks from higher global oil prices, El Nino conditions and potential stock market corrections, which co...

September 21, 2026 9:51 PM

World Bank, IMF back debt framework changes for poor countries

The World Bank and International Monetary Fund said on Monday that both their executive boards had approved proposed reforms of their joint framework for evaluating the debt of low-income countries to reflect a more complex and riskier environment. A joint review, the first since 2017, recommended changes in several areas, including better analysis of domestic debt and broadening the analysis of long-term development challenges, including climate change. The reforms will work to improve the an...

September 2, 2026 10:42 AM

India can clock growth beyond 8%: World Bank’s Ajay Banga

India has the potential to grow beyond its current 7-8 per cent trajectory, World Bank President Ajay Banga has said, describing the country’s latest economic performance as robust despite global energy pressures, trade uncertainty and the impact of El Niño. In an exclusive interview with IANS on the sidelines of the G20 Finance Ministers’ meeting in Asheville, Banga said the latest growth figures reflected the strength of India’s underlying economy. “India is now delivering regularly...

September 2, 2026 10:09 AM

FM Sitharaman meets World Bank chief Ajay Banga, discusses deeper partnership and private capital mobilisation

Union Finance and Corporate Affairs Minister Nirmala Sitharaman met World Bank Group President Ajay Banga on the sidelines of the G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting in Asheville on Tuesday, with discussions focusing on further strengthening the India-World Bank partnership. FM Sitharaman appreciated the World Bank Group’s continued engagement with India and acknowledged the speedy processing of $1.5 billion in Development Policy Financing (DPF). She also appreci...

June 12, 2026 10:20 AM

World Bank cuts global growth forecast to 2.5%; India remains fastest-growing major economy

India remained the world's fastest-growing large economy, the World Bank said on Thursday, projecting GDP growth of 6.6% in 2026 following a 7% expansion in 2025. Growth rates in India were expected to remain fairly high for the next two decades, World Bank chief economist Indermit Gill said. The assessment came as the lender cut its global growth forecast for 2026 to 2.5%, citing heightened geopolitical tensions and the conflict in the Middle East. It also warned that global growth could sl...

May 12, 2026 3:01 PM

World Bank sees Pacific growth slowing to 2.8% in 2026

Economic growth across 11 Pacific Island countries is expected to weaken in 2026 as higher energy and shipping costs, slowing tourism momentum and persistent structural constraints weigh on activity, the World Bank said in a report released on Tuesday. The World Bank's Pacific Economic Update said growth in the Pacific Island countries it tracks slowed to an estimated 3.2% in 2024 and 2025, down from 6.5% in 2023, and is forecast to ease further to 2.8% in 2026 before edging up to 3.1% in 2027....

April 13, 2026 10:35 AM

Economic shock of Middle East war to cast shadow over IMF, World Bank meetings

Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia's full-scale invasion of Ukraine in 2022. Top International Monetary Fund and World Bank officials last week said they would downgrade their forecasts for global growth and raise their inflation predictions as a result of the war, warning that emerging markets and develop...

April 9, 2026 11:52 AM

India’s growth momentum stays strong: World Bank

India’s economy continues to maintain a strong growth momentum, driven by robust domestic demand, resilient services exports and sustained reforms, the World Bank said in its latest South Asia Economic Update. The report estimates India’s growth at 7.6 per cent for FY 2025–26, higher than earlier projections, reflecting the strength of consumption and investment activity. Private consumption remains a key driver of growth. Retail demand has stayed steady, supported by lower inflation, ta...

February 27, 2026 3:36 PM

IMF approves $8.1 billion loan for Ukraine, with $1.5 billion to go immediately

The International Monetary Fund's executive board on Thursday approved an $8.1 billion, four-year loan for Ukraine, with $1.5 billion to be disbursed immediately to help keep the government running as its war against Russia's invasion drags into a fifth year. The IMF said the new Extended Fund Facility arrangement for Ukraine would help anchor a $136.5 billion international support package for the war-torn country, which this week marked the fourth anniversary of Russia's full-scale invasion. ...