World Bank provides India $1.5B to jumpstart reforms and jobs
India just got a $1.5 billion boost from the World Bank to help kick-start some major reforms.
The goal? Make it easier for businesses to grow, attract more private investment, and open up more job opportunities, especially since nearly 11 million young people are expected to enter the labor market every year over the next two decades.
India to merge 29 labor laws
The plan included merging 29 old labor laws into just four streamlined labor codes, which were consolidated in 2025, making things simpler for both employers and employees.
There's also a focus on cutting red tape, making taxes less complicated, and helping small businesses, especially those run by women or underserved groups, get better access to credit.
All of this ties into India's vision for a more dynamic economy by 2047.