World Bank
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India houses 17.7% of world’s population and the most populous democracy in the world. India is a federal country consisting of 28 states and 8 union territories. The country has experienced strong growth and poverty reduction in the past 2-3 decades. Currently a lower middle-income country, India is on track to reach upper middle-income status in the next decade and aspires to become a developed economy by 2047 when it celebrates the 100th year of independence. While post-Covid recovery has been strong (with the economy growing at 6-7% per annum), achieving India’s ambition requires faster economic growth; and taking advantage of its large and young population requires more jobs for the youth and women. Now the 5th largest economy in the world, and after successful G20 Presidency, India is increasingly seen as a leading voice and a source of development knowledge for the Global South. India is the single combined largest (IBRD and IDA) client with 96 projects currently under implementation totaling $19.8 billion. In FY 18, India graduated from IDA. Annual commitment was at 4.38 billion USD of new IBRD lending in FY23. India portfolio is multisectoral, diverse, with projects at both the central and state levels spanning [13 Global Practices]. The excitement and challenges with working in the context of India’s federal structure, managing sub-national engagement as part of the Bank’s advisory and operational programs, makes the position uniquely attractive. The World Bank in India
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