The World Bank Group and the Government of India have announced a new five-year Country Partnership Framework to support India’s next phase of growth and its Viksit Bharat ambition to become a developed country by 2047. The framework puts private sector led job creation and mobilization of private investment at the center of the relationship, backed by USD 8–10 billion of annual financing over the next five years using the World Bank Group’s full range of instruments. The partnership applies the World Bank Group’s global jobs strategy, which combines investment in critical physical and human infrastructure, a more predictable business and regulatory environment, and risk-management tools to help private investment scale, with emphasis on infrastructure and energy, agribusiness, health care, tourism, and value-added manufacturing. It targets four outcomes: rural prosperity and resilience including water resource management, urban transformation and livable cities, investment in people through health and education to school-to-work transitions, and stronger energy security and core infrastructure including renewable energy, e-mobility, and green hydrogen. Implementation begins immediately through ongoing projects, including an USD 830 million loan to upgrade Industrial Training Institutes, a USD 490 million Maharashtra resilient agriculture project, an USD 280 million Kerala health systems program with expanded eHealth and cybersecurity, a USD 750 million Credila higher education finance initiative, and a programmatic approach to scaling electric mobility that includes a Payment Security Mechanism for municipal and state transport undertakings.
World Bank 2026-01-30
World Bank Group agrees new India Country Partnership Framework centered on private sector jobs with USD 8–10 billion in annual financing
The World Bank Group and the Government of India have launched a five-year Country Partnership Framework to support India's growth and Viksit Bharat ambition, focusing on private sector-led job creation and investment mobilization with USD 8–10 billion annual financing. The framework targets rural prosperity, urban transformation, investment in health and education, and energy security, with immediate implementation through ongoing projects like a USD 830 million loan for Industrial Training Institutes and a USD 490 million Maharashtra agriculture project.