World Bank News

India Poised to Remain the World's Fastest-Growing Major Economy, Says World Bank

The World Bank forecasts India's economy to grow at 6.5% this year, maintaining its position as the fastest-growing major economy. Despite global challenges, steady expansion in se...

How India's Digital Leap is Fueling Entrepreneurship and Boosting Business Incomes

India's digital advancements are driving entrepreneurship, income generation, and social mobility, particularly benefiting small vendors and economically underdeveloped regions, ac...

Unlocking India's Economic Potential: A Path from 6% to 8% Growth

World Bank chief economist Indermit Gill discusses India's potential to increase its economic growth rate from 6% to 8%. Highlighting India's demographic advantages, low private se...

Myanmar's Economy Faces Severe Contraction Amid Floods and Conflict, World Bank Warns

The World Bank predicts Myanmar's economy to shrink by 1% in the current fiscal year due to severe floods and ongoing conflict. The country's economy has been struggling since the ...

Typhoons Slow Philippine GDP Growth, but Future Looks Promising: World Bank

The Philippine economy is expected to grow more slowly than first thought this year after the country was hit by a series of typhoons but should be more robust in 2025 and 2026, th...