With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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WASHINGTON, DC, March 3, 2015 – The World Bank approved last week a $500 million loan for the MSME Growth Innovation and Inclusive Finance Project to improve access to finance for Micro, Small and Medium... Show More + Enterprises (MSMEs) in manufacturing and services sector, from early to growth stage, including through innovative financial products. In India, MSMEs account for more than 80 percent of total industrial enterprises, produce over 8000 value-added products and employ an estimated 60 million people. It contributes around 45 per cent to manufacturing output and about 40 percent to exports, both directly and indirectly. In addition, over 50 percent of MSMEs are rural enterprises and widely distributed across low-income states making them an important sector for promoting economic growth and poverty reduction.However, lack of adequate finance is one of the biggest challenges facing the MSME sector. Financial institutions have limited their exposure to the sector due to a higher risk pe Show Less -
Today, on World Wildlife Day, the World Bank is partnering with ICWICC to “get serious about wildlife crime.” We asked experts at World Wildlife Fund and the World Bank to explain the link between wildlife... Show More + crime and lack of economic opportunity. Some of the answers are collected below. World Bank experts Valerie Hickey and Bill Magrath also penned a blog about why poaching is not a “poverty problem.”Question 1: What is the connection between wildlife crime and lack of economic opportunity?Rob Steinmetz, Conservation Biologist, WWF Thailand -- “As a general observation, regardless of economic status or opportunities, most people actually do not poach. Around protected areas in this region, 99% of people could probably be classified as "impoverished". Yet 99% of people do not poach. If economic opportunity were the main driver of poaching, then wildlife would have been eradicated a very long time ago. The link between economic opportunity and poaching is more complex Show Less -