World Bank

Timeline

1. 6 Oct2026
   Reports and indices

   World Bank puts India among top 10 emerging markets in AI readiness¹²³

   The India Development Update special focus said private AI investment in India rose from USD 1.2 billion in 2024 to USD 4.1 billion in 2025.

   • World Bank's India Development Update (released 6 October 2026) with the report 'India and Artificial Intelligence: Seizing the Development Opportunity'
   • Places India among the top 10 emerging markets in AI readiness
   • Private AI investment rose from USD 1.2 billion (2024) to USD 4.1 billion (2025)
   • About 23% of Indian firms use AI versus about 43% in the US; FY27 growth forecast 7.1%
2. 1 Jul2026
   Reports and indices

   World Bank keeps India in lower-middle income group for FY2027⁴⁵

   The World Bank's FY27 income classification took effect on 1 July 2026; the lower-middle-income band is GNI per capita of USD 1,176 to 4,635. India remains in the lower-middle-income group. Classifications are updated every 1 July.

   • The World Bank's FY27 income classification took effect on 1 July 2026; the lower-middle-income band is GNI per capita of USD 1,176 to 4,635
   • India remains in the lower-middle-income group
   • Classifications are updated every 1 July
3. 4 Jun2026
   Appointments

   Neelkanth Mishra named India's Executive Director at World Bank⁶⁷⁸

   ACC approved appointment; order dated 4 June 2026. Three-year term. Succeeds Parameswaran Iyer, whose tenure was extended until the new ED takes charge.

   • ACC approved appointment; order dated 4 June 2026
   • Three-year term
   • Succeeds Parameswaran Iyer, whose tenure was extended until the new ED takes charge
   • Mishra is Chief Economist at Axis Bank and a part-time EAC-PM member

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Sources

1. Swarajya
2. YourStory
3. IBEF
4. World Bank
5. Business Standard
6. All India Radio
7. IANS
8. Outlook Business