New Delhi: India’s summer monsoon will become highly unpredictable if the world’s average temperature rises by 2ºC in the next two-three decades, a scientific report commissioned by the World Bank sa

Expressing disappointment over 5 per cent growth, World Bank today said the Indian economy will soon get back to high growth path of 6 per cent next year and more thereafter.

India continues to be a tough place for doing business even as the country has improved regulator processes for starting enterprises and trading across borders, according to World Bank and IFC.

In te

The World Bank on Monday slashed its 2012 growth forecast for developing countries in East Asia and the Pacific to 7.2 per cent, down from 8.3 per cent in 2011, due to the fragile global economy.

It

The World Bank on Wednesday appointed Kaushik Basu as its Chief Economist and Senior Vice President.

Basu (60) will begin his term on October 1, World Bank Group President Jim Yong Kim said in a stat

In a rare honour, Kerala has been included as the only Indian state in the World Bank’s appraisal list for its unique tech-savvy approaches in connecting with the public via mobile phones.

A World Ba

European leaders dealing with the sovereign debt crisis have done too little, too late, outgoing World Bank chief Robert Zoellick said, warning that Europe risks losing influence and developing nation

Developing countries should brace for a long period of financial market volatility and weaker growth as tensions rise over a worsening eurozone debt crisis, the World Bank said on Tuesday.

Warning th

The Indian economy will grow by 6.9 per cent in this financial year (2012-13) notwithstanding problems like policy uncertainties, fiscal deficit and inflation, the World Bank projected on Tuesday, whi

Growth in developing East Asia and Pacific is slowing and the region is expected to post 7.6 per cent expansion in 2012 compared to 8.2 per cent in 2011, a World Bank report said on Wednesday.

Altho