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The World Bank predicts rapid economic growth in India in the coming years
According to the Xinhua news agency, Jim Yong Kim, chairman of the World Bank, said that against the general background of the world economy in 2015-2016, India should become the "ray of light". The indicators of its economy in 2015 may grow by 6,4%, and in 2016 - the growth rates will grow even faster.
The Chairman of the World Bank also noted a possible obstacle to such growth, namely caste prejudices, which can play a negative role, in particular in the labor market. Simultaneously, Jim Yong Kim also stressed the positive dynamics in overcoming caste prejudices, achieved thanks to the work of Indian Prime Minister Narendra Modi's government.
Recall that during the official visit of Russian President Vladimir Putin to India, an agreement was signed on the implementation of joint investment projects between the Russian Direct Investment Fund and IDFC Lt, a leading group of Indian companies in the field of infrastructure investment.
In accordance with the Agreement, each of the parties will allocate up to 500 million dollars for the implementation of such investments. Thus, it greatly contributes to the strengthening of economic cooperation between Russia and India, and infrastructure projects are an important part of this process.
At the same time, Russian companies Rosneft and Gazprom, together with Indian companies, are preparing projects to develop the Russian Arctic shelf and expand LNG supplies. Thus, within the framework of the contract between Gazprom and GAIL, the first shipments of liquefied natural gas can begin to enter India in 2017, the annual volume is 2,5 million tons.