World Bank clears $1.5 billion package for India's structural reforms

Exam-focused facts from the 23 June 2026 current affairs briefing.

Key facts

The World Bank (WB) has cleared a $1.5 billion financing package to aid India's structural reforms and boost private sector-led job creation.
The funding is provided under the WB's Development Policy Financing (DPF) operation to create job opportunities for about 11 million youths entering the labour market annually over the next two decades.
The operation supports structural reforms including tax simplification, trade integration, next-generation goods and services tax, and inclusive Micro, Small and Medium Enterprises (MSME) definitions.
India's unemployment rate dropped from 6% in 2017-18 to 3.2% in 2023-24.
India added 150 million net jobs between 2017-18 and 2023-24, with approximately 9 million women entering regular wage employment.