New Delhi, Feb. 20, 2021 — A new report by the World Bank shows India’s financial sector is on the verge of collapse, and the country is facing a $2 trillion fiscal hole.
The new World Bank report on the Indian financial system and economy comes at a time when Prime Minister Narendra Modi’s government is trying to improve the economy by increasing investments in infrastructure and boosting productivity.
But the new report shows that the cash economy is dying, and that India’s economic growth has slowed down over the last few years.
“India’s financial system is no longer sustainable,” the report says.
“It will eventually require a restructuring of the country’s financial structure, which is essential for ensuring that the current and future generations of Indians can live and work in an environment that is safe, secure and sustainable.”
The report was released this week by the Bank’s Centre for Development Policy, which examines how countries tackle emerging and emerging-market issues.
India is currently facing a global slowdown due to the global economic slowdown.
Its economy is now the third largest in the world behind China and the United States.
The World Bank estimates that India is currently in recession.
The government has been trying to tackle the slowdown, including by boosting investment.
However, the report notes that the Indian economy has been hurt by an increase in non-performing loans (NPLLs), which are non-paying loans.
According to the report, India’s NPLLs have jumped by more than $2.6 trillion since 2014.
The number of NPLL-related cases has risen by 70% over the same period.
Even as the government is pushing for a major investment boom, the growth of the cash and other financial sector has slowed.
As a result, the number of households that have borrowed to finance their financial needs has slowed significantly.
To tackle the NPLL issue, the Indian government is investing more than half a trillion rupees ($2.5 trillion) in infrastructure projects and is planning to invest nearly $4 trillion more in its economy.
Moreover, the government has committed to increasing the size of its cash economy by more then $1 trillion.
The Indian government has also implemented a series of measures to tackle corruption.
While the new World Report notes that India has a relatively high proportion of poor people, the country has a higher proportion of middle class and professionals.
Although India is far from being a modern democracy, the economy is still managed by a highly centralized political system.
The report says that India suffers from endemic corruption and is not immune to its effects.
A country with so much cash and so few citizens will eventually run out of cash, which will ultimately lead to an inability to pay for basic services, such as healthcare and education.
There are also risks to India’s economy from a lack of transparency, which the report points out is a major challenge for the country as it seeks to modernize the economy.