World will get challenging over next year, says World Bank Prez Ajay Banga

The world economy is in a difficult place, World Bank president Ajay Banga said on Monday while expressing optimism about India.

"The fact is that the world economy is in a difficult place. It has outperformed what everybody had thought but it won't mean there won't be more challenges," Banga said on the sidelines of the G20 finance ministers and central bank governors meeting here.

He said the International Monetary Fund and the World Bank forecasts are that the world will get a little challenging over the next year or so. "I said in a speech this morning - forecast is not equal to destiny. We can change destiny, that's what we should think of right now," he said.


On India, he said he was optimistic. "I'm more optimistic about India today as a whole than I have been for a long time," said Banga.