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India's Ambassador to the UN said his country is deeply disappointed by “unfinished mandates” of the world body.
The 3rd BRICS International Competition Conference is being held in the Indian capital.
The IT sector is set to accelerate by 12-14 per cent the current fiscal.
Indian Finance Minister Palaniappan Chidambaram announced the bank during his budget speech earlier this year.
China takes centrestage for now, says the new report released on Monday.
Britain's prime minister is currently on a day long visit to the South Asian nation.
It is the third round of joint drills to be held between the two nations since 2007.