World Bank Group Mobilises $36 Billion In Private Capital For India, $9.6 Billion For MSMEs
New Delhi, Oct. 15 -- The World Bank Group has helped mobilise USD 36 billion in private capital for development across India over the past four years, including USD 9.6 billion for micro, small and medium enterprises (MSMEs), to support private sector-led growth and employment generation.
Manuel Reyes-Retana, Division Director for South Asia, International Finance Corporation (IFC), a member of the World Bank Group, said private capital mobilisation by the group had increased nearly fivefold, from around USD 3 billion in FY22 to USD 14.5 billion in FY26.
"We're observing encouraging reactions from private sector investors and increasing momentum in this field. Investors globally, including those in India, are progressively seeking to d...
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