According to a report by the World Bank, India retained its position as the world’s top recipient of remittances with its diaspora sending $79 billion back home in 2018. The latest edition of the World Bank’s Migration and Development Brief reports that India is followed by China ($67 billion), Mexico...
WB: India Still the Fastest Growing Major Economy
According to World Bank's January 2019 Global Economic Prospects report, India’s GDP is expected to grow at 7.3 percent in fiscal year 2019, and 7.5 percent in the following two years due to an upswing in consumption and investment. World Bank Prospects Group director Ayhan Kose said, "India’s growth outlook is...
India Overtakes Germany, Is World's 7th Biggest Stock Market
India's stock market edged past the equity market of Germany -- Europe’s largest economy -- for the first time in seven years, according to data compiled by Bloomberg. India’s positive returns this year is due to companies’ reliance on domestic demand which enabled them to avoid the meltdown in other...
Walmart to Work with Small Farmers in India
Speaking to the media on the sidelines of State of Maharashtra’s Agribusiness and Rural Transformation (SMART) event, Krish Iyer, president and CEO, India operations, said that Walmart will focus on tier-2 cities since they offer the company a good opportunity to service the kirana or small family-run stores, as also...
India Jumps 23 places in "Ease of Doing Business"
India jumped 23 places to the 77th position in the World Bank’s ‘ease of doing business’ ranking that was released today. The World Bank said that India had improved on six of the ten parameters relating to starting and doing business in a country. These parameters include ease of starting...
World Bank: Growth in India to Accelerate to 7.3 Percent
The World Bank said that growth in India is firming up and is projected to accelerate to 7.3% in fiscal year 2019, and 7.5% in the next two years. It noted that the Indian economy had recovered from the temporary disruptions caused by demonetization and the introduction of the Goods...