World Bank Lending India $9B To Tackle Poverty...

Independent :

The World Bank has agreed to lend $9bn (£5bn) to India over the next three years to help tackle the poverty that millions of its people suffer in rural areas.

India's vast rural population has been largely left behind by the strong growth rates experienced by the country since it started to introduce market-friendly reforms in 1991. Since then, India's economy has expanded by an average of 6 per cent a year, but some 350 million of its 1.1 million people still live on less than $1 a day, the World Bank estimates.

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