Speaking to NDTV's Ira Duggal at the World Economic Forum in Davos, Lars H Thunell, EVP and CEO at International Finance Corporation, said that IFC is planning to invest one one billion dollars in India.

He said that savings are moving into unproductive assets like gold and it is hurting the Indian economy. He spoke to NDTV Profit on the sideline of the World Economic Forum in Davos.

Bill Gates pledged $750 million on Thursday to fight three killer diseases and rescue a beleaguered health fund whose financial losses have cost it donor support. The Microsoft founder said he is lending his "credibility" to the Geneva-based Global Fund to Fight AIDS, Tuberculosis and Malaria by making the donation through a promissory note so the fund "can immediatel...