World Bank to Inject $8-10 Billion Annually into India's Growth Engine

• The World Bank announced a new five-year Country Framework for India, focusing on private sector employment and annual assistance of $8-10 billion.
• The initiative aims to strengthen government schemes, attract private investment, and create jobs in both rural and urban areas.
• The strategy emphasizes three factors: investment in infrastructure, a business-friendly environment with clear regulations, and risk management tools for private investment.
• Key sectors of focus include infrastructure, energy, agriculture, agribusiness, healthcare, tourism, and value-added manufacturing.
• Five projects are already underway, including the PM SKILLING and Employability Transformation Program ($830 million loan), Resilient Agriculture Project in Maharashtra, and Kerala Health Systems Improvement Program.

Why It Matters: World Bank's new framework will provide India with $8-10 billion annually to boost growth, jobs, and private investment.