India has the potential to produce technology at a lower cost than China if it can master and manufacture it efficiently, said World Bank Country Director Auguste Tano Kouame. He highlighted that India's large workforce gives it a competitive edge in the global market.
World Bank on Friday said India will need to grow by 7.8 per cent on average over the next 22 years to achieve the country's aspirations of becoming a developed country by 2047.
The World Bank to increase its financing to India, including through its affiliated institutions, said Auguste Tano Kouame, World Bank Country Director for India in an exclusive conversation with ANI.
The World Bank's Board of Directors have approved a $150 million loan to support the 'Resilient Kerala Program' to continue strengthening the state's preparedness against natural disasters, climate change impacts, and disease outbreaks.
According to a release by World Bank on March 3, this combined financing of USD 1 billion will support India's flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, to improve the public healthcare infrastructure across the country.
"India's economy has been remarkably resilient to the deteriorating external environment, and strong macroeconomic fundamentals have placed it in good stead compared to other emerging market economies," said Kouame the World Bank's Country Director in India. However, he said that continue