Financing Reforms
World Bank approves $1.5 bln financing to support India's structural reforms
This story was originally published at 09:34 IST on 20 June 2026
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NEW DELHI – The World Bank's board of executive directors Friday approved financing of $1.5 billion to support India's structural reforms aimed to boost private sector-led job creation and economic growth, it said in a press release.
The financing, provided under the Development Policy Financing Operation, can create job opportunities for 11 million youth who would be entering the labour market every year over the next two decades, the multilateral body said.
"India is well paced in its reforms agenda to unlock private capital and create jobs in a challenging global context," Johannes Zutt, World Bank vice president for South Asia, said. "By reducing the regulatory burden on firms, expanding market access, and improving access to finance, the operation creates conditions for Indian firms to scale, invest, and hire - directly generating quality jobs across sectors."
The operation builds on various structural reforms undertaken or initiated in recent years, including tax simplification, trade integration, and legislative and regulatory reforms to improve ease of living and the ease of doing business, it said. It also supports tax and regulatory reforms that reduce barriers to entrepreneurship, among other measures.
"The new operation supports India's reforms in three critical areas: enhancing the business-enabling environment, advancing trade and investment openness, and mobilizing private capital for firm expansion and job creation," it said, adding that the current financing is also aligned with the Country Partnership Framework that World Bank has with with India for a five-year period until 2031. End
US$1 = INR 94.32
Reported by Pratiksha
Edited by Avishek Dutta
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