World Bank on India

The World Bank has committed to increase its lending to India to about $7 billion this year from an average $2.3 billion in the previous four years.

In September, the World Bank approved $4.3 billion in loans for India to help finance infrastructure building and to shore up the capital of some state-run banks as the economy recovers from the global financial crisis. The loans are part of the bank's $14 billion lending for Asia's third-largest economy over three years through 2012.