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.
A stunted middle class may be a direct result of extreme inequality. Folks at the top don’t see teeming masses as a meaningful market, except for utilities, soap, short videos, and personal loans.
Based on inflation figures for the last three months, RBI is expected to look for confirmatory evidence that can mark the beginning of a sustained decline in core inflation.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
All indian neighbour are beggars.