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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Bank Group ContributionData: The World Bank is a leading global source of data on financial inclusion, including through the Global Findex survey, Enterprise Surveys, and the Global Payments Systems Survey.... Show More + Country level surveys and assessments underpin public sector reforms and private sector actions, and inform a coordinated and effective approach. They also enable progress in reaching financial inclusion targets and in implementing actions outlined in financial inclusion strategies, as well as the impact of those actions. The Consultative Group to Assist the Poor (CGAP), a multi-donor partnership supported by over 30 development agencies and private foundations and housed at the World Bank, also provides important research and thought leadership for financial inclusion and microfinance. Lending: The World Bank has an active lending portfolio for access to finance of more than $3 billion globally, including $600 million in IDA and $1.4 billion in IBRD lending, in more than 60 co Show Less -
Housing Finance Needs to Reach South Asia’s PoorDecember 1, 2010 - The report examines housing shortages in South Asia, as well as outlines shortcomings of the market for home financing. To enable a rapid... Show More + housing and housing finance market expansion current obstacles should be removed to the efficient functioning of land administration and mortgage markets, to make homes more affordable. Show Less -
March 9, 2010 - Almost ten years ago, I. C. Agarwal, an engineer-turned-entrepreneur, in New Delhi had an export order from Japan. He had no funds to complete it. He turned to the Small Industries Development... Show More + Bank of India (SIDBI) for a loan. “My first loan from SIDBI, for just Rs. 400,000 ($8,000) helped me break into the export market,” said Agarwal. Starting with such a meager sum, Agarwal now is the only Indian manufacturer from the small scale enterprise sector to supply precision auto parts to world-renowned firms such as Caterpillar in the United States, as well as to Japan, Europe, and China.Today, more than 400 people work in his company. “Quality is paramount in this global economy. The customers are constantly upgrading their technology, so we have to keep pace too,” he says, proud of his product, his workforce, as well as his strict adherence to his clients’ tight delivery schedules.Despite such success stories, several factors constrain the growth and competitiveness of ot Show Less -