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The World Bank Group has helped mobilise USD 36 billion in private capital for development in India over the past four years, including USD 9.6 billion for Micro, Small and Medium Enterprises (MSMEs), as it steps up efforts to spur private sector-led growth and job creation. Private capital mobilisation by the Group rose nearly five-fold to USD 14.5 billion in fiscal 2026 from about USD 3 billion in fiscal 2022, Manuel Reyes-Retana, IFC's division director for South Asia, said. The increase reflects growing investor interest in development-linked investments, with guarantees from the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) helping reduce investment risks and attract private funding, he said. Institutional investors are increasingly drawn to such instruments because they are familiar with the World Bank Group's underwriting standards and governance practices, Reyes-Retana said. "We are seeing a positive response from private ..
Economist Sajjid Chinoy has pitched for a relook into the government's curb on foreign direct investments from China, arguing that allowing Chinese investments in the country will be more advantageous than slapping tariffs on imports from the northern neighbour. Chinoy, the chief India economist at J P Morgan, who is also a part-time member in the Economic Advisory Council to the Prime Minister (EAC-PM), said that the private capital expenditure is down due to the lack of demand visibility amid the flood of cheaper Chinese imports. Chinese exports into the US were a free flowing river, but the 32 per cent tariff slapped by the Donald Trump administration is acting like a wall, leading to the same goods being spilled out into other emerging markets like India, he said. Speaking at an event organised by the Asia Society on Monday, Chinoy said the flood of Chinese goods at cheaper prices is creating challenges for emerging markets looking to increase their exports. "I would argue Indi