World Bank Group mobilizes $36 billion in India for development and job creation over four years

New Delhi: The World Bank Group (WBG) Wednesday said it has helped mobilise a cumulative $36 billion in India over the last four years for development across sectors and to support efforts to boost investment and create jobs.

Of the total, $9.6 billion was channelled towards micro, small and medium enterprises (MSMEs), as it seeks to boost private sector-led growth and job creation. Private capital mobilisation (PCM) means attracting money from private investors to finance development projects. Governments need more financing to meet their development priorities, and public funding alone cannot meet the scale of that need.

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"The WBG has helped make India's MSMEs more bankable by working with the government of India on market reforms and by validating new credit structures with private capital. Since 2022, the WBG has invested more than $3.5 billion alongside private partners and mobilised over $9.6 billion for MSMEs," it said in a statement.

The group has announced record private capital mobilisation for developing countries, mobilising more private capital in fiscal year 2026 than in any year in its history. Globally, private capital mobilised by the World Bank Group more than tripled over the past four years, rising to $112 billion in fiscal 2026 from $35 billion in FY22.

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