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India will become High-Middle Income Country by 2047, says World Bank CEO

World Bank CEO Kristalina Georgieva on Saturday said she has no doubt that India will be a high-middle income country by 2047.

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World Bank CEO
World Bank CEO Kristalina Georgieva. IANS.

New Delhi, Nov 4: Lauding India’s increasing per capita income, World Bank CEO Kristalina Georgieva on Saturday said she has no doubt that India will be a high-middle income country by 2047 when it completes its centenary year of independence.

“In the last three decades, India’s per capita income has quadrupled. I have no doubt India when it hits its century of independence in 2047, will be a high-middle income country,” Georgieva said while addressing India’s Business Reforms conference at Pravasi Bharatiya Kendra here.

Georgieva praised India for its sudden jump of 30 ranks in 2017, the biggest leap ever, in the history of the ease of doing business.

World Bank CEO
Indian Prime Minister Narendra Modi. Wikimedia.

“We are here to celebrate a very impressive achievement. In 15 years of the history of the ease of doing business, such a jump of 30-ranks in one year is very rare. In cricket, I understand that hitting a century is a big milestone.”

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She hailed Prime Minister Narendra Modi for his “high-level ownership” efforts and “championship of reforms” that led to achieve India such a ranking in ease of doing business.

Reminding Guru Nanak Dev’s preachings, the World Bank CEO said: “Today is also the anniversary of Guru Nanak which reminds me of his words that whatever seed is sown, the plant will grow thus.” (IANS)

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Netflix Testing New Mobile-only Subscription Plan For India

However, since this is a test, not all users would be able to be part of the new plan and it is also possible that Netflix could decide on not making it a permanent option after all

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Netflix declined to share what other countries would be involved in the test besides India. Pixabay

In India and other select countries, content-streaming platform Netflix is testing a new mobile-only subscription plan that would only cost users $3.63 a month (Rs 251).

The basic Netflix streaming plan in India starts from $7.27 (Rs 500) and the test plan would slash the existing subscription plan exactly by half.

“We will be testing different options in select countries, where members can, for example, watch Netflix on their mobile device for a lower price and subscribe in shorter increments of time,” The Verge quoted Netflix as saying on Friday.

Although it remains unclear as of now, but the statement from the content-streaming platform hints that it could start offering weekly or bi-weekly subscription options alongside or instead of monthly plans.

Netflix
The test in India makes sense, given that Netflix has already expressed interest in the country, the report said. Pixabay

Netflix declined to share what other countries would be involved in the test besides India.

The test in India makes sense, given that Netflix has already expressed interest in the country, the report said.

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Last week, Todd Yellin, Product Vice President at Netflix gave a keynote in Mumbai addressing company’s future plans of expanding interactive TV shows and Netflix original content from India on its platform.

However, since this is a test, not all users would be able to be part of the new plan and it is also possible that Netflix could decide on not making it a permanent option after all. (IANS)