Washington : World Bank Chief Ajay Banga has said a big thing about the Indian economy on Thursday. He has said that India's growth rate is quite impressive at the level of global economy. He also said that it is one of the brightest parts.
Banga told reporters that there is no doubt that India's growth rate is one of the brightest parts of the world economy. “I think to be able to grow at 6 to 7 percent and above in this type of environment shows you that they have taken a lot of steps to get there.”
Need to pay attention to quality
Banga has given this statement before the annual meeting of the World Bank and the International Monetary Fund (IMF) to be held next week. He said, “Most of the growth in India has been possible on the basis of the local market, which in some ways gives a good sign.” The things that India needs to work on and as Prime Minister Narendra Modi has also said, it is important to work on the quality of life, like the quality of air and water etc.”
Possibilities to increase women's participation
Anna Berde, Managing Director of World Bank Operations, said that the Bank is helping the government convert growth into employment and sustainable development. He has stressed the need to increase women's participation in the workforce, as there is immense potential to increase women's participation in India.
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Group of 5 international organizations
World Bank is a special institute. Its main objective is to provide economic help to the member nations in the works of reconstruction and development. The World Bank Group is a group of 5 international organizations that provide finance and financial advice to member countries. Currently there are 189 country members in the World Bank. To become a member of the World Bank, any country must first become a member of the International Finance Corporation.
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