India is in a period of unprecedented opportunity, challenge and ambition in its development. The country’s extreme poverty rate has fallen from 46 percent to 21 percent in the two decades up to 2011, with strong indication that poverty continues to decline. Its long term gross domestic product (GDP) has become more stable, diversified and resilient, and is expected to grow at more than seven percent in coming years. Already a lower-middle income country, India seeks to become a high-middle income country by 2030, well before the centenary of its independence.
Despite such progress, challenges remain. India is still home to more than 170 million poor people, and economic growth and access to opportunities have spread unevenly among population groups and geographic areas. India’s ability to address these challenges while at the same time sustaining growth that is both resource-efficient and less carbon-intensive will have a profound impact on global development goals.
The Country Partnership Framework (CPF) builds on nearly eight decades of strong collaboration between the World Bank Group (WBG) and India. It is guided by the government of India’s priorities as well as the WBG’s Systematic Country Diagnostic (SCD) of critical areas for the country’s development. The CPF lays out a strategy that combines a focus on what the WBG works on – supporting resource efficient growth, enhancing competitiveness and enabling job creation and investing in human capital -- and approaches to how the WBG engages (leveraging the private sector, engaging a federal India, strengthening public institutions, and supporting a Lighthouse India of knowledge exchange within the country and between India and the rest of the world). Across all of its activities, the WBG seeks to address climate change impacts, gender gaps, and the challenges and opportunities afforded by high-impact technologies. This strategy of ‘whats’, ‘hows,’ and cross cutting themes reflects and reinforces a maturing WBG-India partnership.
The World Bank Group provides lending as well as advisory support and analytics in pursuit of development objectives that align with India’s priorities and pathways to end extreme poverty and promote shared prosperity
Supporting rapid, sustained high growth while facilitating a transition towards greater resource efficiency
Supporting India to enhance the country’s competitiveness and strengthen key enablers for job creation
Investing in India’s people with a life-cycle approach and emphasis on improving quality of service delivery
How the WBG partners with India is critical for delivering results at scale. India’s significant development needs require smart approaches to engagement that multiply the impact of the WBG’s activities.
Objectives Embedded across World Bank Group activities
Integrating climate mitigation and adaptation efforts and increasing the proportion of climate change co-benefits from World Bank Group-financed activities.
Implementing measures to address gender gaps, particularly declining participation by women in the workforce.
Maximizing benefits from technology while anticipating potential disruptions from technological change.