India, Nov. 13 -- The Indian economy is on the cusp of a structural change with never-before enablers like cheap capital and technology access for its entrepreneurial class. Even as India targets a larger share of manufacturing in its national income, it should work on helping young Indians find employment in countries with ageing populations, Neelkanth Mishra, executive director, World Bank, said in an interview.

"One of the most transformative developments in the last 10 years is (how) we managed to solve for inflation," said Mishra, who is in charge of India, Sri Lanka, Bangladesh and Bhutan at the bank. "We have done that by being very disciplined on the fiscal side," Mishra said. This, in turn, has brought down the cost of capital....