With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
Read More »
With economic reforms gaining momentum, India’s long-term growth prospects remain bright, says the World Bank’s India Development Update, a biannual analysis of the Indian economy.The report finds that... Show More + growth has rebounded significantly due to strong industrial recovery. Capital flows are back signaling growing investor confidence, the exchange rate has stabilized, and financial sector stress has plateaued. Economic growth is expected to rise to 5.6 percent in FY15, strengthening to 6.4 percent in FY 2016 and 7.0 percent in FY 2017.Although these projections could face risks from external and domestic shocks in the short term, downside risks can be offset by further progress on the reform agenda.Implement GST and dismantle inter-state check postsImplementing the Goods and Services Tax (GST), for instance, can transform India into a common market and dramatically boost the competitiveness of the manufacturing sector. This sector’s share in India’s GDP – at some 16% - has remained Show Less -
India:With over 80 percent of regional Gross Domestic Product (GDP) being concentrated in India, its expected growth acceleration from 4.7 percent in FY2013/14 to 5.6 percent in FY2014/15 and to 6.4 percent... Show More + in FY2015/16 (all at factor cost) is setting the pace for South Asia. In the short term, continued growth in the U.S. should support demand for Indian merchandise and service exports, remittance inflows will strengthen domestic demand, and declining oil prices will boost private sector competitiveness. Further pursuing economic reforms and improving the investment climate, paired with maintaining prudent macroeconomic policy and a solid external position, would allow India to achieve its long-term growth potential.Pakistan:South Asia’s second largest economy is expected to continue on a path of growth recovery, manageable inflation and fiscal consolidation. Real GDP growth is projected to reach 4.3 to 4.6 percent in FY2014/15, driven by services and large scale manufacturing on the Show Less -
The Stories of Impact series highlights work involving the Global Facility for Disaster Reduction and Recovery (GFDRR) that has helped to reduce developing countries' vulnerability to natural... Show More + hazards and build communities' resilience.Weathering Future Storms in the SeychellesA damage and loss assessment supported by the World Bank Group and managed by GFDRR led to the development of multi-risk mapping and an extensive review of flood risk financing options for the Indian Ocean nation as it recovered from a cyclone. Read moreDisaster Planning Pays Off in Odisha, IndiaEffective disaster risk management significantly reduced casualties from Cyclone Phailin, and GFDRR and other partners are supporting the strengthening and scaling up of these efforts through the National Cyclone Risk Mitigation Project (NCRMP). Read moreBuilding Back Better in Tonga after Cyclone Ian Field assessments after Cyclone Ian revealed that properly designed and constructed housing infrastructure pr Show Less -
The quarterly newsletter Inequality in Focus continues to explore aspects of inequality, this time delving into how poverty can limit aspirations and exploring the gap between facts and perceptions of... Show More + inequality. Access the latest issue here.Aspiration Traps: When Poverty Stifles HopeParents from lower socioeconomic backgrounds often have limited hopes for their children's educational and professional success. In many cases, this low expectation can translate into the children themselves underestimating their potential and future path, trapping them in a negative cycle throughout their lives. Author Svenja Flechtner digs deeper into this phenomenon, exploring possible causes, links to inequality and social unrest, and potential policy and research interventions to counter the negative effects of aspiration traps. Read full article here. Show Less -
The growth of cities is driven largely by the economic prosperity that they help create. But today cities are growing at unprecedented and challenging speeds. The World Bank's Urbanization Reviews offer... Show More + a framework for city leaders to make tough decisions on development in their cities by providing diagnostic tools to identify policy distortions and analyze investment priorities. What must be done to improve living conditions, especially in slums and hazard-prone areas? To create jobs? To expand the coverage and quality of basic services? The Urbanization Reviews help answer these critical questions.A series of prototypes have been piloted under the Urbanization Review, which seek to build a body of knowledge on urbanization challenges and public policy implications in a variety of country settings. Pilots in Colombia, India, Indonesia and Vietnam have already generated considerable traction with counterparts in national planning agencies and line ministries. Show Less -
Table of ContentsForewordAcknowledgementsExecutive Summary1. Introduction and OverviewThe Approach and Structure of the ReportWhat is Urban Agriculture?The Challenges of Sustainable CitiesThe Role of Urban... Show More + Agriculture2. Key Findings from the Four City Case StudiesFarming in the CitiesUrban Agriculture’s Contribution to Livelihood and Food SecurityConstraints on Urban Agriculture Development3. Recommendations for Decision-makersIntegrating Urban Agriculture Into the Broader Urban Development AgendaThe City Level: Promoting Local Food Systems in Integrated Urban Land Use PlanningThe Value Chain: Strengthening Each Link Within the Urban Agriculture SectorThe Broader View: Beyond the CityAnnex A: Methodology of the Case StudiesAnnex B: Survey QuestionnaireAnnex C: A Note on the Challenges of the Survey DataAnnex D: Bangalore (India) Case StudyAnnex E: Accra (Ghana) Case StudyAnnex F: Nairobi (Kenya) Case StudyAnnex G: Lima (Peru) Case Study Show Less -