India needs to grow at average 7.8% to become high-income country by 2047: World Bank

India needs to grow at average 7.8% to become high-income country by 2047: World Bank

“India will need to grow at an average of 7.8% to become a high-income country by 2047,” a World Bank report said on Friday (February 28, 2025.) To achieve this goal, India would require reforms in the financial sector as well as in land and labour market, the World Bank said in its India Country … Read more

Over 75% of poor households in India reported a decline in income as a result of road accident, says World Bank Report

Over 75% of poor households in India reported a decline in income as a result of road accident, says World Bank Report

New Delhi: More than 75 percent of poor households in India reported a decline in their income as a result of a road traffic crash, said a World Bank report released on Saturday. The financial loss for the poor amounted to more than seven month’s household income, while it was equivalent to less than one … Read more