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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Labour policy reform is a priority for India's new government. Recently, Vasundhara Raje, chief minister of Rajasthan, announced changes to three pieces of labour regulation. Almost at the same time, the... Show More + ministry of labour called for opinions on how to amend a number of labour-related legislations.With almost one million entrants to the workforce every year, India needs huge job creation. Not any jobs, but those that will take India's aspiring youth to middle-class living standards.So far, creation of modern, formal sector jobs has been confined to dynamic sectors like business processing outsourcing.But these jobs cannot absorb such numbers. And they are out of reach for the majority of young people with less than complete secondary education. For them, the hope is formal employment in light manufacturing industries or in modern retail.Whether India's labour regulation has impeded the creation of more formal jobs in labour-intensive sectors has been hotly debated. The World Developmen Show Less -
CHENNAI, December 23, 2010: The Government of India and the World Bank today signed a Credit Agreement of $154 million (approximately Rs 719 cr) for additional financing of the Tamil Nadu Empowerment and... Show More + Poverty Reduction Project.The Agreement was signed by the representatives from the Government of India, the Government of Tamil Nadu, and the World Bank. The signatories to the Agreement were Venu Rajamony, Joint Secretary, on behalf of the Government of India; K. Allaudin, Principal Secretary, Rural Development and Panchayat Raj Department, Government of Tamil Nadu; Dheeraj Kumar, Project Director, Government of Tamil Nadu; and Roberto Zagha, Country Director, World Bank, India.The objective of the Tamil Nadu Empowerment and Poverty Reduction Project – called “Vazhndhu Kaattuvom” locally, meaning “Let’s show how to live” – is to create economic opportunities and build social capital in the poorest communities. This puts poor people at the center of the planning and implementation of t Show Less -
OVERVIEWMarch 10, 2010 - The state of Bihar in India is home to some of the country's poorest people. But a new reform effort by the Bihar government, backed by World Bank funding and technical support,... Show More + has helped it improve public finance management and direct the proceeds to getting more children into schools, to immunizing its people, and to fighting corruption. Reducing poverty and accelerating growth in the state are likely to have national implications, particularly in helping India reach the Millennium Development Goals.HIGH POVERTY LEVELS, POOR INFRASTRUCTURE AND SERVICESBihar is one of India’s largest and poorest states. Until 2007, economic growth in Bihar was much slower than the rest of the country. The state’s public services and infrastructure were among the worst in India. Nearly half of all workers were agricultural laborers, about double the national average. Only a third of the women were literate, infant mortality was high, and over half the children were underweight Show Less -