Predicting a strong global growth this year, World Bank president Jim Yong Kim said India has been growing “pretty robustly”.
Speaking at the Bloomberg Global Business Forum meeting in New York, Kim said, “A country like India is growing, has been growing pretty robustly. We think, Japan is growing. Europe is growing in a much more healthy way. The United States continues to grow. There is a leveling-out in developing countries.” In June, the World Bank predicted a 7.2% growth rate for India this year against 6.8% growth in 2016.
“Dormant capital will earn a higher return, where developing countries will have access to much more capital for the infrastructure needs, even for investing in health and education, investing in resilience to climate change and other factors,” he added.
He said in terms of indebtedness, the bank was watching very carefully the debt-to-GDP ratios of every single country, reports the Hindustan Times.
Last updated: December 26th, 2025
