More optimistic about India now than in a long time: World Bank chief
Banga who took over as the World Bank head in June said the global economy was currently in a "difficult place".
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Ajay Banga World Bank President Ajay Banga Monday said he is more “optimistic” about the growth of the Indian economy than he has been “in a long time.”
When quizzed about the Indian economy on the sidelines of the third meeting of G20 Finance Ministers and Central Bank Governors in Gandhinagar, Banga told mediapersons, “I am more optimistic today about India as a whole, economically, than I have been for a long time.”
Banga who took over as the World Bank head in June said the global economy was currently in a “difficult place”. “It has outperformed what everybody thought, but it does not mean there won’t be more challenges. The IMF and World Bank forecasts are that the world will get a little challenging over the next year or so,” he said.
“But…forecasts are not equal to destiny. We can change destiny and that is what we should think about,” Banga added.
He also described himself as a “big fan” of India’s digital payments infrastructure. “What India has done over the past 15-20 years is that it has digitalised infrastructure. That has enabled all these terrific applications to be built. It makes it easier for people to access services online. I am a big fan of it,” Banga said.
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