"India's ranking in the 2016 World Bank report should significantly improve and we are confident that our rank will be within the top 50 in the 2017 report," says an official involved in the ease of doing business exercise. The target rank of 50 has been given by the Prime...
Migration of People and Money to and from India
According the World Bank, there are 5.4 million immigrants in India making it the 10th largest host for immigrants. The United States is #1 with 42.8 million immigrants. The Bank's data also show that the China-USA and India-USA corridors are the 10th busiest immigration corridors in the world, with 1.7...
India's Finance Minister to visit Washington DC this week, attend World Bank and IMF meetings
India's Finance Minister, Pranab Mukherjee, will embark on a four-day official visit to the United States starting April 18 During his visit, Mukherjee will attend the Spring meetings of the World Bank and the International Monetary Fund (IMF). According to Business Line, he will also hold bilateral meetings with his...
Income or Consumption, statistics can mislead
There is lies, damned lies and statistics. For American marketers, the image below from the new book "The Haves and the Have-Nots,” by World Bank economist Branko Milanovic can fall into the last of those categories. Milanovic sliced the income of national popultions into five percentile slices ("ventiles"), adjusted for purchasing...
India tops Homeward Remittances at $55 billion
According to the World Bank's latest data people of Indian origin living overseas sent in more money back home than people from any other country, for the fourth year in a row. Indians sent home $55 billion in "remittances" which is equivalent to 3.9 percent of its GDP. China used...
World Bank projects 2010 India growth at 7.5 percent
The Worlds Bank's annual Global Economic Prospects 2010 Report says that India "is expected to grow at 7.5-8 % in 2010-11 and 2011-12, respectively, well above the 6.4 % average posted during 1995-2005". India's own central bank, the Reserve Bank of India had already estimated growth in India at 7.5%...