PM Narendra Modi seeks help of World Bank to cut poverty
Prime Minister Narendra Modi had raised the issue during his meeting with World Bank president Jim Yong Kim last month in Delhi.
By TNN | Updated:
NEW DELHI: Prime Minister Narendra Modi has suggested that World Bank should help India in making a visible impact on reducing mass poverty in the under-developed regions of the country to show a perceptible change.
Modi had raised the issue during his meeting with World Bank president Jim Yong Kim last month in Delhi and the multilateral agency is expected to come back to the government after firming up a strategy that addresses the concerns raised by the government, said sources.
While there was no demand for funds, Kim had later told the World Bank staff that the prime minister wants three things — skills, scale and speed. "A critical priority of this trip was to meet the new PM, Narendra Modi, listen to his vision for development, and seek to enhance our partnership with India. We had a great meeting — one of the most inspiring I've had as president of the World Bank," he had remarked.
For the World Bank, India is the largest borrower and the head of the multilateral agency was key to get the new government's inputs. During the meeting, Modi had sought suggestions on skill development, a key focus area and said he wanted inputs on "enhancing production for the masses, not just mass production". The statement, officials said, is a pointer to boosting jobs by focusing on manufacturing, especially in the employment-intensive sectors of the economy.
Modi had raised the issue during his meeting with World Bank president Jim Yong Kim last month in Delhi and the multilateral agency is expected to come back to the government after firming up a strategy that addresses the concerns raised by the government, said sources.
While there was no demand for funds, Kim had later told the World Bank staff that the prime minister wants three things — skills, scale and speed. "A critical priority of this trip was to meet the new PM, Narendra Modi, listen to his vision for development, and seek to enhance our partnership with India. We had a great meeting — one of the most inspiring I've had as president of the World Bank," he had remarked.
For the World Bank, India is the largest borrower and the head of the multilateral agency was key to get the new government's inputs. During the meeting, Modi had sought suggestions on skill development, a key focus area and said he wanted inputs on "enhancing production for the masses, not just mass production". The statement, officials said, is a pointer to boosting jobs by focusing on manufacturing, especially in the employment-intensive sectors of the economy.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
Related Articles
Prime Minister Narendra Modi participates in Yoga Day celebrations at Red Road in Kolkata2026-06-21T01:25:56Z- PM Narendra Modi lines up middle-power talks ahead of Trump meeting at G72026-06-16T10:38:53Z
- Human-centric technology at heart of India's AI ambitions: PM Narendra Modi at Bharat Innovates 20262026-06-14T15:47:10Z
ADVERTISEMENT
