Tag: World Bank

Studying the relationship between growth, inequality and poverty

Studying the relationship between growth, inequality and poverty

An extensive data on poverty traps suggests that high levels of poverty deter growth. However, a seemingly basic implication of the underlying theoretical models, namely that countries suffering from higher levels of poverty should grow less rapidly, has remained untested. A parallel data has suggested a variety of mechanisms through which inequality may affect growth in opposing directions. Because inequality and poverty are different[Read More…]

Now Modi suggests 'lunch pe charcha'

PM attacks Congress for questioning World Bank ranking

 Prime Minister Narendra Modi on Saturday attacked Congress for questioning the World Bank Report on ease of doing business in India and said with GST and other reforms, its report next year would show further improvement in ranking. The Prime Minister said those who had worked with the World Bank[Read More…]

India's economy will get better very soon: World Bank

India’s economy will get better very soon: World Bank

In wake of the ongoing economic slowdown of the country, World Bank President, Jim Yong Kim, said that it is an “aberration” caused by temporary disruptions in preparation for the Goods and Service Tax (GST) and asserted that it will be corrected in the near future. Responding to questions on[Read More…]

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