New Delhi, June 20 -- The World Bank's Board of Executive Directors has approved USD 1.5 billion in financing to support structural reforms aimed at boosting private sector-led job creation and economic growth in India, under the Boosting Job Creation in the Private Sector Development Policy Financing (DPF) Operation.

The World Bank, in an official release, said the operation could help create job opportunities for the 11 million youth expected to enter India's labour market annually over the next two decades.

Johannes Zutt, World Bank Vice President, South Asia, noted, "India is well paced in its reforms agenda to unlock private capital and create jobs in a challenging global context."

"By reducing the regulatory burden on firms, expa...