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India takes loan from the World Bank on regular basis
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India, Oct. 9 -- In 2016, the government of India and the World Bank signed a $650 million agreement towards the third loan for the Eastern Dedicated Freight Corridor to help faster and more efficient movement of raw materials and finished goods between the north and eastern parts of India. In 2017, the government of India and the World Bank signed a $200 million loan agreement for the Assam Agribusiness and Rural Transformation Project.
In 2018, the government of India and the World Bank signed a $375 million loan agreement to support India develop its first modern inland water transport on the Ganga river between Varanasi and the seaport of Haldia.
A prolonged shadow-banking crisis and hurdles in bankruptcy rules are set to keep India...
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