World Bank President Jim Young Kim and Prime Minister Modi also discussed governance structure of the bank
Every single one of the BRICS countries has an enormous infr deficit that simply can't be met by a single institution, says WB President.
Kim, 52, will take over at the beginning of July, after the current president, Robert B Zoellick, steps down at the end of his five-year term.
United States nominee Jim Yong Kim was on Monday chosen as the next president of the World Bank, an appointment that continues the longstanding tradition of an American leading the Washington-based institution.
The star power was high at the third annual Global Citizen Festival on Central Park's Great Lawn on Saturday with headliners Jay Z and No Doubt and host Hugh Jackman. But even they were eclipsed by some of the world's most powerful leaders, including India's Prime Minister Narendra Modi, Norway's Prime Minister Erna Solberg and Queen Silvia of Sweden.
Investors believe Indian is a tough place to do business with.
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