As per World Bank President Ajay Banga, India's growth rate outshines every other country in the global economy. He said that this growth is completely due to India’s booming domestic market.

Furthermore, Banga told reporters ahead of next week's annual meeting of the World Bank and the International Monetary Fund that India being able to grow at 6-7 percent, especially in today’s volatile world shows how lucrative the Indian market has been today.

Also, he cited that India needs to work on par with the prime minister’s laid out plan with respect to quality of life, like air and the quality of water and the like, he said.

“We are actively engaged with them on a number of topics to do with these, and I think we will see more results of those coming out in the coming months in terms of projects,” said Banga in response to a question.

Wanna Bjerde, Managing Director for Operations at World Bank said that the bank will be aiding the government to turn the growth into jobs while driving the much needed and sustainable development. She also stressed upon the importance of increasing female workforce participation as India has a huge potential to increase the level of participation by women.

Adding to this, the World Bank has also been working with India on the urban development side as there's so much potential to make cities much more livable, be it in terms of air quality, water supply or urban planning.