New Delhi Feb 1:
The World Bank Group and the Government of India on January 30, 2026 launched a new Country Partnership Framework (CPF) under which the Bank will provide approximately USD 8–10 billion in financing every year over the next five years to support India’s economic growth and development goals.
The announcement underscores a strategic effort to accelerate India’s next phase of growth and align financing with the nation’s “Viksit Bharat 2047” vision of becoming a fully developed economy. Finance Minister Nirmala Sitharaman emphasized that the partnership will leverage public funds with private capital, create jobs across rural and urban India, and draw on the World Bank’s global knowledge and project expertise to deliver sustainable impact at scale.
At the core of the CPF is a focus on private sector-led job creation, critical investment in infrastructure, healthcare, agribusiness, tourism, and value-added manufacturing — sectors likely to generate high-quality employment opportunities for India’s growing workforce.
World Bank Group President Ajay Banga noted that this partnership brings together financing, reforms and private sector investment to turn growth into opportunity for millions of Indians and strengthen economic resilience through 2031.