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World Bank chief economist News

02 Oct 2016

No govt role for ex-World Bank chief economist Kaushik Basu, to return to academia

Having served World Bank as its Chief Economist for about four years, India's former Chief Economic Advisor Kaushik Basu says he will not take up any position in the Indian government and plans to return to Cornell University and focus on his research projects.

17 Jul 2016

World Bank likely to name NYU's Paul Romer as next chief economist: Sources

The World Bank is expected to name New York University economics professor Paul Romer as its next chief economist this week, two people familiar with the decision said, a move that would bring in a prominent voice advocating for investment in human capital.

14 Apr 2015

India tops in remittances, receives $70 billion

The World Bank has said India continues to be the leading nation in remittances pulling in USD 70 billion from its global migrant workforce in 2014.

14 Jan 2015

Indian economy to grow by 7% in 2016: World Bank

Overall, Basu painted a dim picture of the global economy facing a "stalled recovery in some high-income economies and even some middle-income countries" but said "there are some silver linings behind the clouds."

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