Business Today

Batting for Modi

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Heaping praise on the work done by Prime Minister Narendra Modi for India’s developmen­t, World Bank Group President Jim Yong Kim said he is a big fan of the Indian Prime Minister. He is “very impressed” with the major push to ambitious programmes like Smart Cities, Swachh Bharat and power reforms. “The World Bank chief also appreciate­d India’s rapid progress in improving the ease of doing business, especially in the area of logistics,” the Prime Minister’s Office said in a statement. Hailing the developmen­tal efforts of the government, Kim said India has emerged as a “bright spot”. Kim also praised RBI Governor Raghuram Rajan and described him as a “great” central bank governor. “He (Rajan) is well respected. I think he has done a great job,” he said. India is the largest client of the World Bank Group. The bank has lent around $4.8 billion to India between 2015 and 2016,

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