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COMPETITIVENESS & JOBS

Improving India’s human capital as a critical long-term investment required to eliminate extreme poverty and foster India’s middle class

The World Bank Group supports India’s efforts to strengthen key enablers for enhancing India’s competitiveness and job creation to meet the challenge of 13 million additional people entering the working age population every year, and the need for greater inclusivity in employment, particularly for women. A more enabling business environment is needed to unshackle the private sector, the engine of growth and job creation. Key objectives include: 

  • Improving the business environment and select firm capabilities;
  • Increasing resilience of the financial sector and financial inclusion;
  • Improving connectivity and logistics;
  • Increasing access to quality, market-relevant skills development; and,
  • Enabling access to more quality jobs for women.
$ 8.34 billion committed (IBRD/IDA)

$ 3.46 billion disbursed

Commitments are the sum of amounts of financing that the World Bank has committed to support lending operations towards achieving the objective of (fill in title of objective). Disbursements are the sum of financing spent by operations towards achieving this objective.

Objectives

Business Environment

The World Bank Group partners with governments at central and state levels to deepen policy, regulatory and administrative reforms to reduce unnecessary transaction costs, encourage formality, and create a more level playing field for small, medium, and large companies.

Resilience of the Financial Sector

Improving access to finance is integral to India achieving sustained economic growth, inclusion, and elimination of poverty. The World Bank Group focuses on unlocking infrastructure finance, expanding housing finance, financing of MSMEs,

Connectivity and Logistics

India’s logistics and connectivity infrastructure struggles to keep pace with the country’s needs, creating a drag on competitiveness and growth prospects. The World Bank Group supports the government of India's efforts to improve connectivity in three areas — developing transportation infrastructure

Access to Skills Development

India is experiencing major shifts in its labor force from agriculture to the service and manufacturing sectors and faces an acute need for improved skills. The World Bank Group partners with India Gol to address the mismatche between programs, market demand and worker preferences while supporting

Access to Quality Jobs for Women

Greater involvement of women in the labor force also has a significant social impact—paid employment is known to increase women’s agency and empowerment. The IFC partners with private sector companies to demonstrate the business case for investing in women