News:The World Bank has released a report titled “Unleashing E-Commerce for South Asian Integration”. Facts: Key takeaways from the report: The report has said that e-commerce can become a driver of growth across South Asia and boost trade among the region’s countries but its potential remains largely untapped. The online sales in India as a… Continue reading E-commerce can spur intra-South Asia trade: World Bank
Tag: World bank report
India highest recipient of remittances at $79 bn in 2018: World Bank
According to the World Bank’s Migration and Development report,India has retained its position as the world’s top recipient of remittances with its diaspora sending a USD 79 billion back home in 2018.India was followed by China,Mexico,Philippines and Egypt. A foreign remittance is a transfer of money from a foreign worker to their family or other… Continue reading India highest recipient of remittances at $79 bn in 2018: World Bank
WB pegs India’s GDP growth at 7.5%
According to World Bank report,India’s GDP growth is expected to accelerate moderately to 7.5% in Fiscal Year 19-20.The growth will be driven by (a)investment strengthening (b)improved export performance and (c)resilient consumption. The report said that on the demand side,domestic consumption has remained the primary growth driver but gross fixed capital formation and exports also made… Continue reading WB pegs India’s GDP growth at 7.5%
