World Bank PreZ commends India on maintaining solid growth during slowdown

World Bank President David Malpass met Prime Minister Narendra Modi on Thursday.
During the meeting, President Malpass commended India on maintaining solid growth during the global slowdown and encouraged further progress to improve the business-enabling environment and advance the energy transition.
Malpass is in India to attend a meeting of G20 Finance Ministers and the governors of the central bank.
Prime Minister Modi and Malpass discussed India in terms of “Amrit Kaal” and the goal to achieve and sustain 8 per cent growth as India approaches the 100th anniversary of its Independence in 2047.
President Malpass noted the importance of increasing private sector investment and commercial credit growth as India builds competitiveness in global value chains.