World Bank's International Debt Report 2024 finds Afghanistan, Pakistan, Nepal, Bhutan, Bangladesh, Myanmar, Sri Lanka & Maldives together owe $324.6 bn to external lenders.
World Bank Managing Director for Operations Anna Bjerde said the bank is supporting the government turning the growth into jobs and also sustainable development.
Most of these countries are located in sub-Saharan Africa & have an annual per capita income of less than $1,145. Two-thirds of these are stuck in conflict or institutional fragility.
New Delhi’s concerns include need to accelerate development of clean energy for emission reduction targets, changes in population demographics & impact of cross-border terrorism.
Reports & opinion pieces also explore Bangladesh’s ‘unsustainable’ backlog of payments to Adani Power & why India must not ignore advice from international multilateral agencies.
The report has tried to justify its arguments under the guise of ‘Middle Income Trap’. But Atmanirbhar Bharat is not based on the redundant theories being quoted by the World Bank.
Govt policies in middle-income countries like India incentivise small firms to remain small, while bigger firms are not growing fast enough, the World Development Report 2024 says.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Speaking at annual press conference, Army chief reiterated that India does not recognise 1963 Sino-Pakistan border pact under which Pakistan illegally ceded Shaksgam Valley to China.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
All indian neighbour are beggars.