India needs to boost private investment, World Bank chief economist Gill says

World Bank Group chief economist Indermit Gill believes that India needs to boost private investment and create space for the private sector to counter the impact of a global slowdown. Global economy is expected to grow by 2.4% in 2024, the slowest growth since the 2008 financial crisis. To improve private investment, India needs to regulate the private sector, provide easy access to finance, and avoid crowding out private enterprise.