Indian economy remains resilient despite uncertainties at global front: Industry
According to the World Bank, the Indian economy continues to grow at a healthy pace and the country's medium-term outlook remains positive.
According to the World Bank, the Indian economy continues to grow at a healthy pace and the country's medium-term outlook remains positive.
This revision comes amid expectations of stronger economic performance, driven by key factors such as private consumption and investment.
With the blueprint finalized and World Bank support secured, the project is poised for implementation, officials here on Sunday said.
As a result, the unfinished roads and buildings were damaged and cost escalated to an enormous amount. The credit ratings of Amaravati bonds were affected negatively. The brand image of the state suffered and the confidence of investors was shaken.
The World Bank's Board of Executive Directors has approved two projects totalling $900 million to help Bangladesh strengthen fiscal and financial sector policies and improve urban infrastructure and management to ensure sustainable and climate-resilient growth.
Currently, Rupee is trading around 82.0 against the US Dollar as against a record low of 83 it breached in mid-October.
India's real GDP growth is expected to be at 6.9 per cent in FY22-23 compared to 8.7 per cent in FY21-22, according to World Bank's latest India Development Update.
The West Bengal Major Irrigation and Flood Management Project is aimed to benefit about 2.7 million farmers in five Bengal districts cultivating on 3.94 lakh hectares with better irrigation services and distinctive protection against annual flooding to mitigate the impact of climate change.
The report titled "Climate Investment Opportunities in India's Cooling Sector" further estimated that by 2050, 45 per cent of the country's peak electricity demand in 2050 is expected to come from space cooling alone.
In recent years, as Pakistan has hurtled from one catastrophe to another, remittances sent by Pakistani workers living abroad have been a source of some small amount of stability.
