India and the World Bank: A Quick Glance at a Symbiotic Relationship

While a first glance may indicate a noticeable amount of dependence in this relationship between India and the Bank, it truly is about “interdependence”. India has drawn funds from the Bank and used them to make strides, but the World Bank has also relied on India as a stable lending destination with a record of efficient uses of borrowed money. As N.K. Singh put it in 2005, India needs the World Bank, but the Bank needs India as much[i].