Industrial policy now has broad World Bank approval but the case for universal adoption remains unclear
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Summary
The World Bank has endorsed the idea of industrial policy with some conditions, reversing its stance of the early 1990s. What its new paper doesn’t address, though, is what happens if every country goes for it.
Key Facts
Type Research
Source Livemint - Opinion
Published Tuesday, 5 May 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
PM-JAY: 55 crore beneficiaries
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right