The World Bank unveiled a US $1-billion package to introduce a social safety system for the urban poor. In an interview to Zia Haq , Shrayana Bhattacharya, senior economist, World Bank, discusses its nuts and bolts. Edited excerpts: At a conceptual level, can you tell me what is the $1-bn funding all about? […]
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India’s growth slowdown is a drag on the world, says IMF chief economist Gita Gopinath
The International Monetary Fund (IMF) on Monday slashed India’s growth forecast by 1.3 percentage points to 4.8% for 2019-20, prompting the agency to also trim its global growth estimates as a result. IMF chief economist Gita Gopinath said growth in India slowed sharply “owing to stress in the non-bank financial […]