The World Bank approved US$1.5 billion under the Development Policy Financing (DPF) Operation to support private sector-led job creation and economic growth in India.
The Boosting Job Creation in the Private Sector DPF Operation aims to create employment opportunities for the 11 million youth expected to enter India’s labour market annually over the next two decades.
The programme supports structural reforms, including tax simplification, trade integration, legislative reforms, and ease of doing business.
The Development Policy Financing (DPF) is a World Bank financing instrument that provides rapidly disbursing budget support to help countries implement policy and institutional reforms for poverty reduction, sustainable, inclusive, and climate-friendly growth.
The operation is aligned with the Country Partnership Framework (CPF) for India FY2026–31, which supports India’s Viksit Bharat @2047 vision.
A Country Partnership Framework (CPF) is the World Bank Group’s strategic document that outlines its partnership with a borrowing country by aligning financing and technical expertise with the country’s development priorities over a 4–10 year period.
The initiative seeks to strengthen India’s investment climate, enhance private sector participation, and promote long-term employment generation.
Source: World Bank
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