"ajay-banga"

Recently, External Affairs Minister S Jaishankar met World Bank president Ajay Banga and held discussions on India's endeavours to empower regional connectivity and the concerns of the Global South

India gets a lot of its GDP from domestic consumption. So even if the world would slowdown for a few months, India has a natural cushion by the fact that it is more domestic consumption oriented, said Banga

This meeting was the first official US engagement since President Banga took charge of the office.

Former Mastercard CEO inherits a corporate culture that makes the World Bank Group too inwardly focused and too slow to respond

In February, President Joe Biden announced that the US would be nominating Ajay Banga to lead the World Bank

Banga, who studied at HPS from 1972-74, was said to be an outstanding student who had always shown exceptional performance

Banga is currently the Executive Chairman of Mastercard, a position he has held since 2016.

Banga, 63, currently serves as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard.