Document of The World Bank FOR OFFICIAL USE ONLY Report No. 185500-IN INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY PERFORMANCE AND LEARNING REVIEW OF THE COUNTRY PARTNERSHIP FRAMEWORK FOR INDIA FOR THE PERIOD FY18-FY22 October 23, 2023 India Country Management Unit South Asia Region The International Finance Corporation Asia & Pacific Region The Multilateral Investment Guarantee Agency This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank Group authorization. i The date of the last Country Partnership Framework was September 20, 2018 FISCAL YEAR April 1 to March 31 CURRENCY EQUIVALENTS (Exchange Rate Effective September 15, 2023) Currency Unit = Indian Rupee (INR) INR 83 = US$1 ii ABBREVIATIONS AND ACRONYMS AQM Air Quality Management ASA Advisory Services and Analytics CCB Climate co-benefits CMIE Centre for Monitoring Indian Economy COVID-19 Coronavirus 19 Disease CPF Country Partnership Framework DPL Development Policy Loan FDI Foreign Direct Investment FY Fiscal Year G20 Group of 20 GDP Gross Domestic Product GHG Greenhouse Gas GoI Government of India IBRD International Bank for Reconstruction and Development IDA International Development Agency IFC International Finance Corporation IMF International Monetary Fund MIGA Multilateral Investment Guarantee Agency MSME Micro, small and medium enterprises PforR Program for Results PLR Performance and Learning Review RF Results Framework SBL Single Borrower Limit SOE State-owned enterprises WBG World Bank Group IBRD IFC MIGA Vice President: Martin Raiser Riccardo Puliti Ethiopis Tafara Director: Auguste Tano Kouame Shalabh Tandon (Acting) Kate Wallace (Acting) Task Team Leader: Anne-Katrin Arnold Mahima Khanna Persephone Economou iii INDIA PERFORMANCE AND LEARNING REVIEW OF THE FY18-22 COUNTRY PARTNERSHIP FRAMEWORK Table of Contents I. Introduction .......................................................................................................................................... 1 II. Main changes in country context.......................................................................................................... 1 Changes to Poverty Reduction and Shared Prosperity ............................................................................. 1 Changes in Key Macroeconomic and Debt Developments ....................................................................... 2 Emerging Development Issues .................................................................................................................. 2 III. Summary of program implementation ................................................................................................. 3 A. Portfolio Performance ...................................................................................................................... 3 B. Progress Toward Achieving CPF Objectives ...................................................................................... 3 C. Regional Integration, Cooperation, and Engagement ...................................................................... 5 D. Corporate Priorities........................................................................................................................... 5 IV. Emerging Lessons .................................................................................................................................. 6 V. Program Adjustments ........................................................................................................................... 8 VI. Risks to CPF Program .......................................................................................................................... 11 Annex 1. Updated India CPF Results Matrix ............................................................................................... 12 Annex 2. Matrix of changes to original CPF Results Matrix ........................................................................ 25 Annex 3. Matrix summarizing progress toward CPF Objectives ................................................................. 44 iv India: Performance and Learning Review of the Country Partnership Framework I. INTRODUCTION 1. The current Country Partnership Framework (CPF) for India covers FY18-22 and was discussed at the Board on September 20, 2018 (Report No. 126667-IN). A Performance and Learning Review (PLR) had been planned for FY20 but was delayed due to the COVID-19 pandemic. The pandemic disrupted development gains made over the preceding years and, accordingly, the CPF’s development focus areas remain priorities. Moreover, the FY18-22 CPF lays out an approach to supporting India’s growth path that has fundamental pillars and principles that apply beyond its five-year term. The current CPF provides sufficient room for continued engagement until December 2024. After that time, the new CPF will be informed by India’s completed Presidency of the Group of 20 (G20), upcoming major country analyti cs products, and directions outlined by the World Bank’s Evolution Roadmap. These will inform the new CPF (expected in the first half of FY25), which will guide the World Bank in better utilizing existing and mobilizing additional finance and partnerships to help India address its development challenges and to share India’s development successes with the rest of the world. 2. In light of these processes, the continuing applicability of existing pillars and principles, and pandemic-related disruptions of CPF implementation, the PLR extends the CPF by 2.5 years to mid-FY25 (i.e., December 31, 2024). II. MAIN CHANGES IN COUNTRY CONTEXT Changes to Poverty Reduction and Shared Prosperity 3. During the past two decades, the Indian economy almost tripled in size, leading to sizable poverty reduction. Combined with a 30 percent slow-down in population growth,1 the acceleration in economic development between 2009-2022 almost tripled the Gross Domestic Product (GDP), from about US$1.34 trillion in 2009 to US$3.4 trillion in 2022.2 Two working papers recently published by the IMF and by the World Bank agree that if not for COVID-19, poverty headcount rates would have likely dropped to single digits by end-2020.3 Because of the lack of recent household survey data, the World Bank uses national GDP growth data to project mean household consumption growth post 2011.4 This data suggests that there were between 160 and 200 million less people living on less than US$1.90 per day in 2019 than there were in 2011. This is a remarkable achievement in just 8 years. 4. Following India’s progress in reducing poverty in the 2010s, the COVID-19 outbreak delayed the course of poverty reduction. Between 2019 and 2020, India’s poverty rate is estimated to have increased again, from between 5.9 and 8.7 percent to 9 to 12.3 percent.5 The pandemic and its economic impacts are estimated to have raised urban poverty, creating a set of “new poor” that are relatively more likely to be engaged in the non-farm sector and to have received at least secondary education. 1 Population growth 1999-2009: 17 percent; 2009-2019: 12 percent. 2 data.worldbank.org, based on World Bank national accounts data, and OECD National Accounts data files. 3 Bhalla, Surjit S.; Bhasin, Kharan; Virmani, Arvind. 2022. Pandemic, Poverty, and Inequality: Evidence from India. International Monetary Fund (IMF) Working Papers. IMF, Washington, DC. © IMF. https://www.imf.org/en/Publications/WP/Issues/2022/04/05/Pandemic-Poverty-and-Inequality-Evidence-from-India-516155. Sinha Roy, Sutirtha; Van Der Weide, Roy. 2022. Poverty in India Has Declined over the Last Decade But Not As Much As Previously Thought. Policy Research Working Paper; 9994. World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/37273 License: CC BY 3.0 IGO. 4 With the assumption that inequality levels have remained unchanged over this time-period. 5 See footnote 3. 1 Changes in Key Macroeconomic and Debt Developments 5. Today’s macroeconomic context is not markedly different to that in 2018. Potential GDP growth, estimated at around 6.3 percent for FY23/24, is close to the actual growth rate in 2017/18 when the CPF was prepared.6 While external factors are among those impacting current growth (including geopolitical tensions, high global inflation, and weak global growth), some internal challenges remain similar to 2018 and require more focus directed toward accelerating private investment growth and job creation. The agenda of creating ‘good-quality’ formal-sector jobs remains as crucial as when the current CPF was established. This problem persists and has gotten more acute since the outbreak of COVID-19.7 6. Catalyzing private investment and India’s investment climate remain a priority for India after a slow-down of private investment over the past decade. While India’s product markets are fairly liberalized, the liberalization of factor markets (land, labor, and capital) remains an unfinished agenda, which is constantly evolving. This has partially affected acceleration of a real boom in private investments and foreign direct investment (FDI). As an alternative to deep product market reforms, the current administration has shown a preference for direct financial incentives as a means to attract private investment.8 But India stands to gain from manufacturing shifts out of China, in particular in the electronics sector, and new trade agreements, which is expected to catalyze private investments and foreign portfolio flows into India alongside further reforms. 7. India is back on a path of gradual budgetary consolidation after the COVID-19 pandemic. In 2018, the debt to GDP ratio was at around 70 percent, and this ratio rose to close to 90 percent by 2021. Public debt is declining again and is expected to be at just over 83 percent of GDP in FY23/24. In the years covered by the CPF, the general government fiscal deficit rose from less than 6 percent to in FY18/19 to 13.3 percent of GDP in FY20/21. In FY23/24, the general government fiscal deficit is estimated to have declined again to 8.7 percent of GDP. Emerging Development Issues 8. The pandemic exposed vulnerabilities and gaps, but also new opportunities. Inequality and jobs aspects of the CPF agenda gained more importance during the pandemic as informal workers and domestic migrants were disproportionately impacted by the economic disruptions. Progress toward Universal Financial Access was reversed during the COVID-19 pandemic—financial inclusion of those who are not part of the formal financial system remains a priority of the World Bank Group (WBG) in India. The pandemic also erased gains made since 2018 on gender equality, in particular female labor force participation. After an effective emergency response, there is now a need to restabilize and modernize key human development sectors to address gaps exposed by the pandemic, including gaps in primary healthcare, broad-based learning losses and backsliding in girls’ secondary education, and implementation capability gaps in social protection. On the positive side, the pandemic response demonstrated important technological advances and capabilities for India. The use of digital payments increased, with the number of Unified Payments Interface (UPI) transactions rising from 151 million in January 2018 to 9.3 billion in June 2023, 9 and other digital financial technologies expanded during the 6 World Bank real GDP forecasts for FY23/24 published in India Development Update, April 2023. 7 Consequently, this PLR proposes a renewed focus on inclusive recovery to focus WBG support on the informal sector and women in the labor force (see Section V). 8 The production linked incentive (PLI) scheme epitomizes this strategy. 9 As per Wordline’s India Digital Payment Report for H1 2023. 2 pandemic as did online meeting technologies and education platforms. The push for vaccines opened new markets and led to research and development capabilities with potential for broader application. III. SUMMARY OF PROGRAM IMPLEMENTATION A. Portfolio Performance 9. Since approval of the CPF in 2018, the World Bank provided a total of US$20.5 billion in lending to India,10,11 a significant increase over the period covered by the previous CPF (FY13-17, with US$16.5 billion12). World Bank lending to India was at a record high in FY20, reflecting the Bank’s intense engagement in India’s response to the COVID-19 pandemic. In FY20, the Bank lent US$5.1 billion to India (IBRD and repurposed IDA), US$4.6 billion of which was for COVID-19-tagged operations (US$2.5 billion for COVID-19 emergency response). Between FY18 and FY22, the World Bank’s Board of Executive Directors approved 89 operations for India, between 14 (FY21) and 19 (FY18) operations per fiscal year.13 In the same timeframe, the World Bank completed 151 Advisory Services and Analytics (ASA).14 10. IFC scaled up its investment program and delivered an investment volume of US$11 billion during the CPF period. While the program was on track during the first two years of the CPF implementation, pandemic-related operational challenges and ample liquidity in the financial system led to a lower-than-expected overall investment program in the second half of the CPF period. Overall, IFC delivered over US$11 billion in long term financing across 284 projects in India. IFC’s committed portfolio recovered after the dip due to the pandemic, the portfolio has increased from US$5.9 billion at the beginning of FY18 to US$6.3 billion in FY23 (year to date).15 India also remained IFC’s largest outstanding exposure and strong contributor to corporate profitability, generating half of total income and accounting for more than half of IFC’s realized capital gains. IFC’s advisory services portfolio stood at US$33.5 million across 30 active projects at end-April 2023, of which 44 percent of the portfolio spend was on climate change projects. 11. MIGA strengthened its business development activities in India during the CPF period. Although MIGA has not yet issued any guarantees, its business development efforts and awareness building in the country multiplied with the support of the WB and IFC. Considerable progress was made in articulating the relevance of MIGA’s credit enhancement guarantees for meeting the borrowing requirements of sub- national entities and SOEs for infrastructure projects. MIGA has been working with the World Bank to support international commercial borrowing by the Dedicated Freight Corridor Corporation of India Limited in connection with the Eastern Dedicated Freight Corridor through credit enhancements at the state-owned enterprise level. MIGA has also supported outbound investments from India. With a gross exposure of US$29.1 million as of end-April 2023, MIGA has provided guarantees to the Tata Power Company Limited for a project in Zambia, which it continues to support. B. Progress Toward Achieving CPF Objectives 12. The WBG made progress toward achieving the CPF’s objectives (the “What” of the WBG’s engagement), but implementation of the CPF was impacted by the COVID-19 pandemic, which resulted 10 As of April 30, 2023. 11 US$19 billion IBRD and US$1.4 billion repurposed IDA. 12 US$9.1 billion IBRD and US$7.3 billion IDA. India graduated from IDA in FY14. 13 Investment Project Finance: 54, PforR: 25, DPLs: 10. 14 Most ASA were completed by the Health, Nutrition, and Population Global Practice (21), Governance (18), and Macro, Trade and Investment (15). 15 As of May 17, 2023. 3 in a pivot of priorities toward supporting India’s emergency response. Most CPF objectives are on track to be achieved by mid-FY25 (and one is already achieved), but this PLR introduces a number of adjustments to the CPF Results Framework (RF) to better reflect the portfolio. One objective in the human capital focus area is off track because the original RF included indicators and targets that were specific to operations that did not achieve intended results. Annex 2 provides details on the changes to the results framework, and Annex 3 summarizes the progress made to date toward achieving CPF objectives. Focus Area 1: Resource Efficient Growth 13. Objectives under Focus Area 1 are largely on track. Several indicators, most of them climate- related, have been significantly overachieved. World Bank-supported operations contribute to improved water efficiency and water use and increased the land area where sustainable land management practices have been adopted.16 Agriculture operations contribute to the climate adaptation and mitigation agenda with a number of projects focused on climate change.17 Through a concerted effort of advisory and investment engagements, IFC has helped develop the market for affordable green housing through supply and demand interventions, delivering over 1.8 million housing units through its projects. While the IFC target of 1 million people provided with improved living conditions in select states/cities will not be achieved and will be dropped from the RF as it was linked to a specific project that did not scale as expected, IFC has achieved 2.1 million square meter floor space that received post design EDGE preliminary certification. Since FY18, WBG operations contributed to laying the foundations for India’s ability to meet its ambitious climate targets, including the country’s pledge to provide 50 percent of its energy requirements from renewable energy by 2030. The World Bank contributed to an increase in power generation and the amount of energy wheeled through transmission systems in Andhra Pradesh, Jharkhand, and Northeast India and has supported a number of solar power operations aimed at increasing India’s solar generation capacity, as well as the integration of rooftop-generated solar power into the grid and their reach to households. IFC has overachieved its Greenhouse Gas (GHG) emission reduction targets for 2022, as investment and advisory projects in infrastructure, manufacturing and financial institutions have contributed to 5.6 million less metric tons of emissions per year. Operations focusing on renewable energy led to expected emission reductions of 17 million metric tons per year (the target had been 1.27 metric tons per year). Focus Area 2: Enhancing Competitiveness and Enabling Job Creation 14. All objectives under Focus Area 2 are on track to be achieved by mid-FY25. IFC and World Bank’s joint Creating Markets advisory engagement resulted in an improvement in the distance from frontier score of 71 against a target of 66 and 23 business climate reforms are being implemented and recognized. IFC’s programmatic approach through investment and advisory services resulted in over 1.5 million small and medium enterprises and 83 million people benefitting from improved access to financial services. IFC has also engaged in a strategic approach to resolving distressed assets in India through its Distressed Asset Recovery Program (DARP). During the CPF period, IFC committed US$170 million in DARP, mobilizing an additional US$645 million. IFC successfully mainstreamed gender within its India operations with 20 corporate engagements that address women’s employment and US$4.4 billion of loans extended to over 220,000 women and women-owned MSMEs to increase access to financial services. The World Bank’s support to MSMEs during the COVID-19 pandemic has helped in particular with regard to creating new jobs. For instance, World Bank Executive Directors approved a US$750 million MSME Emergency 16 In total, an additional 66,500 ha land are now managed in a sustainable manner in Meghalaya, Himachal Pradesh, Madhya Pradesh, and Chhattisgarh (out of a target of 74,000 ha, the remainder of the target is expected to be achieved by mid-FY25) 17 For example, World Bank-supported operations helped more than 1.3 million farmers to adopt improved agricultural technologies (more than 480,000 of those farmers are women). 4 Response program in June 2020 to support increased flow of finance into MSMEs severely impacted by the COVID-19 crisis. A subsequent US$500 million operation (the Raising and Accelerating MSME Performance Project, RAMP), approved in June 2021, targeted job creation end competitiveness through efforts to increase MSME productivity and financing in the economic recovery phase, crowd in private sector financing in the medium term, and tackle long-standing financial sector issues that are holding back the growth of the MSME sector. Focus Area 3: Investing in Human Capital 15. World Bank support to building up India’s human capital intensified significantly during the COVID-19 pandemic, when WBG support pivoted to strengthening health systems and providing emergency response. IBRD provided US$1 billion to help strengthen health facilities in states, procure essential medical supplies such as testing-equipment and kits, personal protective equipment, gloves, masks, oxygen cylinders and insure 2.2 million frontline health workers. An additional US$1 billion for two operations supporting India’s health systems was approved by the World Bank’s Executive Directors in June 2022. IFC has engaged in a comprehensive approach with investments and Public Private Partnership advisory projects to improve India’s healthcare system and make it more resilient to face future challenges, working with its partners across the industry’s entire value chain to provide over 24 million people with improved access to quality healthcare services. The Accelerating India’s COVID-19 Social Protection Response Program provided US$1.15 billion to strengthen India’s social protection programs to help the poor and vulnerable households most affected by the pandemic. C. Regional Integration, Cooperation, and Engagement 16. India is a critical partner in the success of regional cooperation and integration efforts in the South Asia region. The region’s largest and fastest-growing economy shares borders with all South Asian countries except Afghanistan and has strong commercial relationships with most of its neighbors. Regional Trust Funds18 have contributed to all CPF focus areas through, for instance, improved alignment of national regulatory arrangements for cross-border electricity trade; analytical work on regional air quality management; recommendations for improving regional logistics connectivity; efforts to expand cross- border multi-modal connectivity to reap the benefits of less carbon intensive transportation (e.g. inland waterways and railways); and support to gender-inclusive design of inland waterways. D. Corporate Priorities 17. The India program exceeded the corporate commitment with regard to climate change co- benefits (CCB)19 with 38 percent CCB overall,20 achieving as much as 60 percent in FY18. World Bank lending to India achieved 49 percent CCB in FY23, exceeding the target for the South Asia region. Over 60% of IFC’s Upstream and ~ 50% of Advisory projects are climate tagged. All operations in the India program comply with the corporate requirements for citizen engagement (CE). Innovative CE approaches include participatory planning processes. 18. In FY22, all India operations achieved a gender tag, a significant improvement since FY18 (56 percent). In India, World Bank-supported gender actions are linked to sectoral reforms or transitions. India operations account for 32 percent of all private capital mobilized through World Bank operations in South Asia (18% in 2020, 36% in 2022, expected 62% in 2023). During the period covered by the CPF, World 18 South Asia Regional Trade and Facilitation Program (SARTFP), Program for Asia Connectivity and Trade (PACT), South Asia Water Initiative (SAWI), Program for Asia Resilience to Climate Change (PARCC). 19 The corporate target is 28%. 20 FY18 through FY23 to date. 5 Bank-supported operations in India mobilized a total of US$824 million private capital and the IFC operations mobilized US$3.2 billion. IV. EMERGING LESSONS 19. The varying implementation approaches laid out in the CPF (the “How” of the WBG’s engagement) provide a useful framework for an engagement that needs a consistently agile approach to remain strategically relevant in India’s large and emerging econom y. World Bank financing accounts for less than 1 percent of India’s GDP. At the same time, India’s overall IBRD exposure is approaching the limit allowed for an individual borrower (SBL).21 Given the size of India’s economy and the magnitude of challenges such as climate change, the WBG needs to leverage impact far exceeding its direct resources. This means consistently viewing project engagements as catalytic contributions to a larger and longer- term process of change (which is already being done in some ongoing national projects), delivering cohesive interventions across multiple sectors, integrating institution-building and private capital mobilization, and promoting learning within and outside India. The WBG has made continuous efforts to work through the “Hows” of the CPF and across its institutions to achieve the level of leveraging needed, but there is room for improvement going forward. 20. One initial intention of the CPF was to shift from a focus on individual operations to programmatic approaches—working through national transformative programs, holistic state partnerships, and investment platforms, and leveraging all WBG instruments—to catalyze systemic and sustained improvements on priority development objectives. Although there has been progress in seeding this approach during the CPF period, much more can be done. The WBG needs to consistently target opportunities for systemic change and tailor its engagements at state and federal levels. 21. A renewed focus on addressing risk aversion and responding to longer-term economic trends helped recover IFC’s program in the financial sector through the NBFC crisis and the pandemic. High market liquidity, low demand for credit, and deleveraging in the corporate sector led to a significant slowdown of IFC’s long-term lending to financial intermediaries, which declined from US$2.4 billion in FY18-FY19 to US$1.2 billion in FY20-FY22 but has since recovered to US$2.7 billion in FY20-23.22 Financial intermediaries, especially Non-Banking Financial Companies (NBFCs), which are highly exposed to the MSME sector, faced uncertainty around the health of their assets during the NBFC crisis of 2018-19 but have recovered since. Although the rebound of economic growth after the pandemic contributed to recovery in credit demand, rising global interest rates are likely to continue the downward pressure on long-term financing. Along with a shift in instruments which support capital preservation, risk-sharing facilities will be highly relevant. The trend to green and digitalize the financial sector will also drive long- term demand. 22. Engaging in India will require sustained active business development efforts by MIGA and support from the rest of the WBG. MIGA’s credit enhancement instruments are well suited for mobilizing international private capital and for showcasing MIGA’s value addition. Working together with IFC and the World Bank will also allow MIGA to engage in subnational projects consistent with state partnership programs, as well as in projects supporting climate transitions. To enhance business development efforts, 21 The SBL has been increased at various times during CPF implementation, most recently in September 2022 as part of an effort to provide more lending space for IBRD clients below GDI (India and Indonesia). The SBL was increased by USD3.1 billion to USD28 billion. This means that the Bank can support India’s development path with about USD3.3 billion per year, similar to the average across the previous 5 years. The increase avoids a steep drop in lending support to less than USD2.5 billion per year. 22 As of May 17, 2023. 6 a MIGA staff member is now based in New Delhi. Supporting outward investment in developing countries by Indian multinationals through its risk mitigation instruments will continue to be an area of focus. Under the recently approved program Non-Honoring of Sovereign Financial Obligations to a Multilateral Development Bank (MDB), MIGA will be able to cover loans issued by MDBs to the Government of India that fulfil certain requirements, thereby transferring a portion of MDB loan exposures to MIGA and alleviating capital constraints of MDBs. Engaging a federal India 23. As India continues to devolve authority, responsibility, and resources, the CPF rightly recognizes states as an important locus for addressing development challenges. Although India has progressed from IDA to IBRD and aspires to reach upper-middle income status by 2030, its individual states are progressing at very different paces and reflect the full continuum of low to upper-middle income contexts. Equitable digital growth of all Indian states will help with the Government’s aspirations of achieving a digital economy of US$1 trillion. But ‘one size fits all’ solutions will not work in a country of such diversity, and the WBG will continue to tailor its engagements to each state’s unique context, challenges, and priorities utilizing its suite of instruments. At the same time, a key lesson of the pandemic is the need for the WBG to stay engaged with the Union government as a flexible and credible partner. Some issues, particularly during major shocks, will need to be dealt with at the national level, and the World Bank needs to maintain relationships and capabilities to support national programs and responses. The WBG will continue to finetune the right balance between engagement with the Center and the states over the coming years. Strengthening public sector institutions 24. Working toward improving institutions in sectors and sub-sectors through increasing capability and better aligning incentives as well as strengthening core government systems has been particularly successful in India. Engagements in health and social protection during the COVID-19 pandemic are examples of the World Bank’s contribution to strengthening public sector institutions, systems, and service delivery. The World Bank also worked on strengthening the capacity of India’s civil service. This support, however, has been mainly ad-hoc rather than strategic, and somewhat fragmented, resulting in many small operations. Leveraging the private sector 25. The interface of markets and the state needs to remain a central focus of the WBG’s continuing engagement. A key aim of the CPF was to improve public sector performance, and, in the process, bring private sector capacity and markets into service delivery where appropriate. Although there is growing openness within GoI to leverage private financing, a proclivity to rely primarily on public finance still predominates. The WBG can play an ongoing advocacy and advisory role to build GoI’s awareness of how private investment, including FDI, is a prerequisite for sustained high growth and development results in India Analytical work is also needed to identify impediments to growth of the private sector, including within the financial sector, and to identify effective models of allocating risk between the public and private sectors. Lighthouse India: Knowledge in implementation 26. The WBG’s knowledge engagement in India has been rich. Knowledge work in the area of Equitable Finance and Institutions, World Bank knowledge support focused on providing Technical Assistance (for instance, with regard to capital markets) and capacity building support (for instance, to India’s civil service), knowledge partnerships with Indian institutions to organize seminar and workshops (for instance, with the Reserve Bank of India), sharing knowledge and implementation expertise across Indian states, and providing core analytics and flagship- reports (for instance, poverty assessment). ASA 7 contributed to India’s energy transition, green urban mobility agenda, digital inclusion, health insurance and service delivery, and nutrition, among other priority areas. This approach to knowledge has been inward-facing, focusing on the WBG providing knowledge to Indian institutions and facilitating knowledge exchange across states. It has also been ad-hoc, responding to a wide range of demands from various clients within GoI. India’s knowledge needs are, however, broader and require cutting-edge specialized knowledge, possibly generated specifically for India. India also has significant potential to distribute its own development expertise beyond its border, to other countries. V. PROGRAM ADJUSTMENTS 27. The overall CPF framework remains relevant and continues to respond to India’s development challenges. Government priorities informing the CPF stem from the FY17-19 3-year action agenda, the Strategy for New India @75,23 and various government flagship programs (missions).24 The action agenda was replaced by the India@75 strategy, and there has been no major rearticulation of India’s development goals since. India’s national flagship programs are still in place.25 28. This PLR extends the CPF period in India from FY22 to mid-FY25. This extension recognizes that the development priorities of 2018 remain priorities, in particular as the COVID-19 pandemic reversed some gains India made between 2018 and 2020. The implementation approaches defined in the CPF continue to reflect the environment for WBG engagement. Recognizing that the implementation of some CPF focus areas is delayed due to the pandemic program shift, and building on the WBG work during the pandemic, the current CPF provides sufficient room for continued engagement until after India has completed its Group of 20 (G20) Presidency and to finalize the efforts started with the current CPF in 2018. The extension will allow the next CPF to be informed by the experience and directions of India’s G20 Presidency, which concludes at the end of 2023, and by upcoming major country analytics products. The extension will allow the WBG and India to enhance progress and achievement of CPF priorities, incorporate lessons learned from the pandemic to strengthen resilience, and catalyze progress on forward-looking priorities as a bridge to the next CPF.26 This PLR revises the CPF results framework to reflect shifts in the feasibility of some indicators given pandemic-induced setbacks and to capture the achievements of the CPF program more fully, including WBG activities added in support of pandemic response. Program adjustments: The What 29. The WBG will deepen the current focus on climate change and inclusion, the latter in particular with regard to female labor force participation. These areas are included in the pillars of the CPF, but will become areas of special focus and systematic, purposeful engagement. This adjustment reflects an increased urgency with regard to climate change, which is also reflected in GoI’s ambitious Nationally Determined Contributions and overall climate agenda. With regard to inclusion, the program adjustment responds to persisting gaps in female labor force participation and the continued need for formal quality 23 This document was under development when the CPF was approved, and its formulation informed the CPF’s priorities. 24 Key GoI priorities that informed the CPF were: enhanced agricultural productivity through land, market, and subsidy reforms, with the goal of doubling farmer’s incomes by 2022; enhanced industry, trade and services to boost productivity and create hi gh wage jobs, including a manufacturing and export-based strategy; balanced growth nationwide; and an inclusive society. The Government is seeking to improve India’s competitiveness through promoting skills development, catalyzing entrepreneurship and strengthening connectivity, including multi-modal transport logistics. Over the long term, the government aims for a GDP of US$7.5 trillion and a poverty rate of five percent by FY2031, with an average annual growth rate of over 8 percent. 25 For instance, programs to make India open-defecation free, provide 24X7 electricity supply and road connectivity to all villages, provide housing to all poor, and improve financial inclusion. 26 An update to the Systematic Country Diagnostic will be undertaken during FY24 and will provide the analytical foundation for the next CPF. 8 employment opportunities, balance between MSME and SOE, and support to low and high capacity and income federal states. Climate change and infrastructure 30. The WBG will deepen its engagement on the climate agenda to support GoI’s growing ambition for comprehensive action and to improve implementation of the CPF objectives under Focus Area 1. Climate change is a core cross-cutting theme in the current CPF, and the WBG has been a trusted partner in supporting India’s climate transitions to date. The recent deepening of political will for climate action, however, has been substantial. Over the CPF period, India’s climate priorities have evolved from primarily an adaptation focus to new mitigation commitments, including a commitment to reach net zero carbon emissions by 2070 (in the Nationally Determined Contribution; India has also issued a Long-Term Low- Carbon Development Strategy27). The WBG will approach the climate agenda with renewed emphasis to support India’s climate resilient and low carbon growth path. Significant and aligned investments will be required across multiple sectors. The World Bank will continue to support progress on renewable energy, transport, and multi-modal transport logistics and rail efficiency, and will pursue emerging opportunities on industrial efficiency and decarbonization and coal transition. IFC will continue its focus on renewable energy and affordable green housing and will mobilize private sector solutions in additional areas such as battery storage, electromobility, cooling, and climate-smart agriculture. MIGA will pursue opportunities to mobilize commercial financing through its credit enhancement products in green infrastructure projects. 31. The WBG will also strengthen internal collaboration to integrate complementary expertise, financing, and guarantee products in infrastructure projects. For example, World Bank and MIGA are collaborating in supporting India’s Eastern Dedicated Freight Corridor by packaging World Bank financing and a MIGA guarantee that leverages private commercial lending. IFC and World Bank are working together to develop three new solar parks that add 1.5 gigawatt of new capacity in Madhya Pradesh and will also jointly support GoI’s efforts to green the financial sector. 32. The WBG will continue to promote regional cooperation, integration, and engagement to help India achieve its climate ambitions. This commitment entails efforts to “green” the South Asia regional electricity market, innovative cross-country solutions to enhance resilience to climate change and hydro- meteorological disasters, and cooperation between India and Bangladesh in the Sundarbans region leading to benefits related to sustainable livelihoods, natural resources management and vulnerability reduction. Inclusion 33. The WBG will renew efforts to promote inclusion in India and to address persistent gaps between men and women (in particular with regard to female labor force participation), formal and informal workers, MSME and SOE, and low and high capacity and income federal states. This will contribute to implementation progress of the CPF’s Focus Areas 2 and 3 and will also help India achieve its goals of reaching upper-middle income status by 2030 and high-income status by 2047. The share of working-age women who report either being employed or available for work fell from 27 percent in 2005 to 23.5 percent in 2022,28 and likely further regressed as caregiving demands and livelihood impacts from the pandemic disproportionately affected women. Gender gaps in girls’ secondary schooling worsened 27https://unfccc.int/sites/default/files/resource/India_LTLEDS.pdf 28 data.worldbank.org, based on World Bank, World Development Indicators database. Estimates are based on data obtained from International Labour Organization and United Nations Population Division. 9 during the pandemic. Over the last decade, the WBG has partnered with India to strengthen frontline service delivery and direct benefit transfer programs for women, promote women’s self-help groups, and support considerable progress on gender equality in education. Much less progress, however, has been made in shifting gender norms that are a root cause of inequality and manifested more strongly during the shocks of the pandemic. The WBG will work toward applying a programmatic approach to address structural constraints. 34. In the context of this renewed focus on inclusion, the WBG will also pursue multiple opportunities to strengthen the resilience and productivity of informal workers and MSMEs in support of CPF Focus Areas 2 and 3. As India advances in the recovery phase, greater emphasis needs to be placed on building the resilience of informal workers and domestic migrants, particularly in the urban areas of India, to future shocks. Emerging technologies are creating opportunities to make informal firms more dynamic and productive. IFC will increase its support to emerging digital platforms such as those connecting farmers to markets or linking individual truck drivers with clients. The WBG can also engage on the trade agenda to better connect MSMEs to domestic, regional, and global value chains by facilitating regional integration and FDI that strengthen the MSMEs. IFC will continue to support Microfinance Institutions, and other financial intermediaries to expand access to finance at scale, particularly as monetary policy normalizes, and excessive liquidity is gradually withdrawn from the market. Low savings and financial insecurity are key factors in the economic vulnerability of informal workers. The Bank will support GoI to reform and strengthen safety nets for urban informal workers, drawing on lessons learned from the current crisis. Each of these areas are consistent with the focal pillars and objectives of the current CPF but will receive greater attention in light of the vulnerabilities exposed by the pandemic. Program adjustments: The How 35. This PLR introduces a refocused partnership between WBG and India, specifically emphasizing three aspects: (a) an effective knowledge partnership, (b) programming for greater impact through larger, faster, and more impactful projects, and (c) supporting private sector development and private capital enhancement for greater systemic effect. While these approaches are reflected in the current CPF, WBG engagement with India will focus on them more explicitly going forward, subsuming and re- prioritizing the strategic partnership with India. 36. Delivering on the substantial promise of India as a hub for knowledge transfer will require a more systematic approach to knowledge brokering, in which India receives customized knowledge to support its own development trajectory and generates and transfers knowledge to other countries as well as among Indian states to help with their development challenges. The CPF model establishes India as the origin of knowledge (“Lighthouse India”). This needs to be expanded to a two-way channel for knowledge exchange. Efficient dissemination of knowledge and know-how is a critical pathway for WBG activities to have impact at scale. Knowledge generation and sharing activities to date, however, have been hampered by an ad-hoc, rather than strategic approach and by lack of data. A more intentional approach to knowledge is needed that includes establishing centers of excellence, systematically captures lessons learned, and proactively brokers exchanges to disseminate and embed knowledge in implementation. The WBG will continue to work on these issues for the remainder of the CPF period and prioritize knowledge agendas, develop knowledge capacity and staff skills, and provide strong incentives and new mechanisms for knowledge brokering. 37. The WBG’s ambition is to program its support for greater impact and to influence policy choices and reforms at the center and in states. This requires support to high impact national programs (e.g., through Development Policy Loans (DPLs) with strong policy matrices, larger PforRs in support of GoI’s 10 flagship programs to accelerate green development, and private sector enhancement), and support to state-wide and multi-state programs (e.g., multi-phase projects for strengthening resilience and climate adaptation as well as inclusion). In this context, the WBG will utilize a more structured approach to working with Indian states. Going forward, states will be clustered according to similar development needs and challenges, such as Northeastern and hilly states, which are among the poorest in India and have low implementation capacity. Another group are the states of the Indo-Gangetic Plain, which share specific air quality management challenges, and states that work on transitioning from coal to renewable energy. 38. Going forward, the WBG will focus on supporting private sector development and private capital enhancement for greater systemic effect, in particular in regard to climate change and India’s sectoral transitions necessary to combat its effects. World Bank financing accounts for less than 1 percent of India’s GDP. Given the size of India’s economy and the magnitude of challenges such as climate change, the WBG needs to leverage impact far exceeding its direct resources, in particular from private investors, including FDI. This means consistently viewing project engagements as catalytic contributions to a larger and longer-term process of change, delivering cohesive interventions across multiple sectors, integrating institution-building and private capital mobilization, and promoting learning within and outside India. VI. RISKS TO CPF PROGRAM 39. The overall risk to achieving the objectives of the PLR is moderate. The risk ratings identified in the original CPF remain valid. Only risks related to institutional capacity for implementation and sustainability are considered substantial. This risk primarily pertains to states, where capacity of implementing agencies with regard to procurement and management of more complex works and services varies considerably. In addition, several states—as well as India as a nation—will have elections, which may delay implementation of operations as an Election Code of Conduct limits engagement with government officials. The WBG will monitor these risks carefully and work toward a strong, uninterrupted operational engagement. Table 1. Systematic Operations Risk Tool (SORT) Risk category Rating CPF 2018 Rating CPF 2022-25 Political and governance Moderate Moderate Macroeconomic Moderate Moderate Sector strategies and policies Moderate Moderate Technical design Moderate Moderate Institutional capacity for implementation and sustainability Substantial Substantial Fiduciary Moderate Moderate Environment and social Moderate Moderate Stakeholders Low Low Overall Moderate Moderate 11 ANNEX 1. UPDATED INDIA CPF RESULTS MATRIX Indicative CPF Outcomes and Indicators Targets Ongoing and Indicative WBG Program Focus Area 1: Resource Efficient Growth CPF Objective 1.1. Promote more resource-efficient, inclusive, and diversified growth in the rural sector Indicator 1.1.1: Water Use Efficiency (WUE) in Closed operations: Uttarakhand Decentralized Watershed Development II Project agriculture in select states (weighted average gross (P131235), Rajasthan Agricultural Competitiveness Project (P124614), Water Sector returns per cubic meter of water used) Improvement Project (P100954), IN West Bengal Accelerated Development of Minor Baseline (2016): INR 16.0 per cubic meter water Irrigation (P105311) used Ongoing operations: Maharashtra Project on Climate Resilient Agriculture (P160408), Target (FY25): INR 26.4 per cubic meter water used Odisha Integrated Irrigation Project for Climate Resilient Agriculture (P163533), AP Integrated Irrigation & Agriculture Transformation Project (P160463), Atal Bhujal Yojana (Abhy)-National Groundwater Management Improvement (P158119) Indicator 1.1.2: Additional land area where Closed operations: Uttarakhand Decentralized Watershed Development II Project sustainable land management practices have been (P131235), India: Andhra Pradesh Rural Inclusive Growth Project (P152210) adopted in select states Ongoing operations: Integrated Project for Source Sustainability and Climate Resilient Rain- Baseline (2017): 0 ha fed Agriculture in Himachal Pradesh (P165129), Assam Agribusiness and Rural Target (FY25): 74,000 ha Transformation Project (P155617), Maharashtra Project on Climate Resilient Agriculture (P160408), Jharkhand Opportunities for Harnessing Rural Growth Project (P158798), Odisha Integrated Irrigation Project for Climate Resilient Agriculture (P163533), National Rural Livelihoods Project (P104164) National Rural Economic Transformation Project (Additional Financing to National Rural Livelihoods Project) (P166745), Himachal Pradesh Horticulture Development Project (P151744), Assam Agribusiness and Rural Transformation Project (P155617), Maharashtra Project on Climate Resilient Agriculture (P160408), Rejuvenating Watersheds for Agricultural Resilience through Innovative Development (P172187), India Ecosystems Service Improvement Project (P133803), Meghalaya Community-led Landscapes Management Project (P157836) Pipeline operations: National Dairy Support Project (NDSP) – Phase 2 (P178239), Uttar Pradesh Agriculture Growth and Rural Enterprise Ecosystem Strengthening Project (P178253), Tripura Rural Economic Growth and Service Delivery Project (P178418), Kerala Climate Resilient Agri- Value Chain Modernization (KERA) Project (P178254), Enhancing 12 Indicative CPF Outcomes and Indicators Targets Ongoing and Indicative WBG Program Landscape and Ecosystem Management Project (P179935), Transformational Restoration for Ecological and Economic Development (P178994) Indicator 1.1.3: Number of targeted households in Closed operations: India: Andhra Pradesh Rural Inclusive Growth Project (P152210), select states with at least 50% increase in income Uttarakhand Decentralized Watershed Development II Project (P131235), Rajasthan Baseline (2017): 0 Agricultural Competitiveness Project (P124614), Karnataka Watershed Development Target (FY25): 900,000 Project – II (P122486), National Dairy Support Project (P107648), Northeast Rural Livelihoods Project (NERLP) (P102330) Ongoing operations: Bihar Transformative Development Project (P159576), Assam Agribusiness and Rural Transformation Project (P155617), Jharkhand Opportunities for Harnessing Rural Growth Project (P158798), Himachal Pradesh Horticulture Development Project (P151744), AP Integrated Irrigation & Agriculture Transformation Project (P160463), Integrated Project for Source Sustainability and Climate Resilient Rain-fed Agriculture in Himachal Pradesh (P165129), State of Maharashtra’s Agribusiness and Rural Transformation Project (P168310), Maharashtra Project on Climate Resilient Agriculture (P160408) Pipeline operations: National Dairy Support Project (NDSP) – Phase 2 (P178239), Uttar Pradesh Agriculture Growth and Rural Enterprise Ecosystem Strengthening Project (P178253), Tripura Rural Economic Growth and Service Delivery Project (P178418), Kerala Climate Resilient Agri- Value Chain Modernization (KERA) Project (P178254) IFC: IFC investments in farm input segment, food processing, supply and distribution, and animal protein supply chains – DCM Shriram (200545), JK Paper (535264), Suguna (560479), Dodla Diary (726604), APPL (624604), Parag Diary (751007), Lucid Colloids (774725), Future Consumer India (1000738), ETC Agro Processing (1018110), Netafim India (1049562), Jain Irrigation(543266), Safal Jain NBFC (698410), Same Duetz India (723965), IFC Advisory Services for improving farm yields/productivity and programs on quality standards and food safety – DSCL (601884), Bayer BLF Alliance (603037), Olam II (601794), Olam SR (605334) 13 CPF Objective 1.2: Improve the livability and sustainability of cities in select states IBRD Indicator 1.2.1: Number of people provided Closed operations: Shimla Water Supply and Sewerage Service Delivery Reform with improved living conditions29 in selected Programmatic Development Policy Loan 1 (P167246), IN National Ganga River Basin Project states/cities (P119085), Tamil Nadu Sustainable Urban Development Program (P150395), First Tamil Baseline (2018): 0 Nadu Housing Sector Strengthening Program Development Policy Loan (P172732) Target (FY25): 2,662,000 people (IBRD) Ongoing operations: Uttarakhand Water Supply Program for Peri Urban Areas (P158146), IN Karnataka Urban Water Supply Modernization Project (P130544), Jharkhand Municipal IFC Indicator 1.2.1: Floor space that received post- Development Project (P158502), Shimla-Himachal Pradesh Water Supply and Sewerage design EDGE Preliminary Certification (m2) Services Improvement Program (PforR) (P174732), Madhya Pradesh Urban Development Baseline: 0 Project (P155303), Uttar Pradesh Pro-Poor Tourism Development Project (P146936), Target (FY25): 2.1 million (IFC) Chennai City Partnership: Sustainable Urban Services Program (P175221), Tamil Nadu Housing and Habitat Development Project (P168590), Second Tamil Nadu Housing Sector Strengthening Program Development Policy Loan (P178329), Kerala Solid Waste Management Project (P168633), Gujarat Resilient Cities Partnership: Ahmedabad City Resilience Project (P175728) Pipeline operations: Delhi-Gurugram-SNB Regional Rapid Transport System (RRTS) Corridor (P177666), Chennai City Partnership: Urban Mobility and Spatial Development Program (P177964) Closed ASA: India Urban Programmatic ASA (P171302), Initiative for Greener Transport System in India (P166546), India Public Transport Services RAS (P169009), Gender Gaps in Urban Mobility and Its Implications for Women’s Access to Employment: Evidence from Mumbai (Deliverable under P164313), Road Standards for Safety for Roads in Urban Areas in India (Deliverable under P167350) Ongoing ASA: India Green, Resilient, and Inclusive Cities PASA (P179577), India Green, Resilient, Inclusive, Efficient and Safe Urban Mobility (P177675), Chennai City Partnership (Deliverable under P177675), Gender-Safe and Gender-Informed Mobility Toolkit (Deliverable P177675) Unified Metropolitan Transport Authority Implementation, and Safe Streets for All (Deliverable under P177675) 29 Cumulative number of people living in urban areas that have been provided with access to improved services, housing, tenure, neighborhoods, public spaces, parks, resilience, and/or urban environment conditions, through the direct interventions of operations supported by the World Bank. ‘Improvement’ is defined as (a) providing access to a service to those who do not have it, and/or (b) improving the quality or reliability of a service. Services include any urban services delivered under a Social, Urban, Rural, and Resilience project or intervention—water supply, sanitation, sewerage, sidewalks, roads, and so on. (Source: Core Sector Indicators and Definitions, World Bank, 2014). 14 IFC: IFC Advisory program – Infrastructure Advisory to Indian Cities IAIC (601307), Green Buildings in India (600084), GBI Phase II (606627) IBRD Indicator 1.2.2: Number of affordable/green Ongoing operations: Tamil Nadu Housing and Habitat Development Project (P168590) housing units supported by IBRD Baseline (2022): 0 IFC: IFC investments under the affordable housing in India program – Aavas (628011), PNB Target (FY25): 5000 units (IBRD) Housing (790166), Motilal Oswal HFL (1001196), Mahindra Rural HFL (1016131), Fullerton India HFL (1021791), Piramal Capital HFL (1032723), L&T HFL (40542), Aptus Value HFCL IFC Indicator 1.2.2: Number of affordable/green (1006501), Svatantra Micro HFCL (1001198) housing units supported by IFC invested housing finance companies and developers Baseline (2018): 0 Target (FY25): 2 million units (IFC) CPF Objective 1.3: Improve management systems for controlling air pollution Indicator 1.3.1: Number of AQM plans under Closed operations: Financing Energy Efficiency at MSMEs (P100530), Creating a implementation on the state level supported by the Coordinated and Responsive Indian Social Protection System (CCRISP) (P176447), India World Bank Energy Efficiency Scale-Up Program Guarantee (P165488) Baseline (2023): 0 Ongoing operations: Rooftop Solar Program for Residential sector (P171750), West Bengal Target (FY25): 2 (IBRD) Electricity Distribution Grid Modernization Project (P170590) Pipeline operations: Uttar Pradesh Clean Air Management Project (P178053), Haryana Clean Air and Sustainable Development Program (P179733), Rooftop Solar Guarantee Facility for MSMEs (P172261), Program for Transformative Mobility and Battery Storage (P172223), First Clean Energy Programmatic Development Policy Loan (P181032), Guarantee Mechanism for Renewable Bioenergy in India (GMRBI) (P179178) Closed ASA: India Air Quality Management Programmatic ASA (P173824) Ongoing ASA: Landscape and Airshed Management for Resource Efficient and Resilient Growth (P178721) CPF Objective 1.4: Increase access to sustainable energy Indicator 1.4.1: Energy wheeled through Closed operations: Andhra Pradesh 24X7 Power for All (P155038), Second Programmatic transmission system (GWh) Electricity Distribution Reform DPL for Rajasthan (P159669) Baseline (2018): 76,170 GWh Ongoing operations: North Eastern Region Power System Improvement Project (P127974), Target (FY25): 104,000 GWh Partial Risk Sharing Facility (PRSF) in Energy Efficiency (P132620), Andhra Pradesh 24X7 Power for All (P155038), Grid-Connected Rooftop Solar Program (P155007), Innovation in Solar Power and Hybrid Technologies (P160379), Jharkhand Power System Improvement Project (P162086), Shared Infrastructure for Solar Parks Project (P154283) 15 Pipeline operations: Himachal Pradesh Power Sector Development Program (P176032), Rooftop Solar Guarantee Facility for MSMEs (P172261), Program for Transformative Mobility and Battery Storage (P172223), Program for Electricity Distribution Sector Reforms in India (P177844) Ongoing ASA: Supporting energy transition of India power sector (P170602) Closed ASA: Strategic Options for Energy Efficiency Scale-up and TA to Sector Stakeholders (P162935) Indicator 1.4.2: Number of people/consumers Closed operations: Second Programmatic Electricity Distribution Reform Development reached through IFC investments in Power Policy Loan for Rajasthan (P159669), India Energy Efficiency Scale-Up Program Guarantee Generation (P165488) Baseline (2017): 13 million Ongoing operations: Jharkhand Power System Improvement Project (P162086), West Target (FY25): 18.6 million (IFC) Bengal Electricity Distribution Grid Modernization Project (P170590), India Energy Efficiency Scale-up Program (P162849) Pipeline operations: First Clean Energy Programmatic Development Policy Loan (P181032) Closed ASA: Improving Agricultural Productivity and Energy Efficiency through Direct Benefit Transfer for Electricity to Farmers (P168355), Strategic Options for Energy Efficiency Scale-up and TA to Sector Stakeholders (P162935) IFC: IFC Investments and advisory projects related to Renewable energy in India, including wind, ground mounted solar, rooftop solar projects etc. , IFC Lighting Asia India II (601426): ADPCL (54315), Bhilwara Energy (29157), Bhilwara Wind (30765), Green Infra 20MW (32819), Bhilwara Captive (33315), Green Infra Wind (35415), Azure Global (37111), Ostro Andhra (37086), Ostro AP Wind (38398), Mahindra 2022 (47291), Rewa Actis (39866), IDHC Ascent (24842), Uttar Urja (35317), Applied Solar (29501), Continuum (45104), EGP India Thar (44816), HFE Bhadla (42694), HFE P Ltd (37910), Rewa Mahindra (40464), NSL Power (29912), DCM PFS II (36091), FPE (46362) Indicator 1.4.3: Total generation capacity of RE Ongoing operations: Shared Infrastructure for Solar Parks Project (P154283), Grid- (MW) Connected Rooftop Solar Program (P155007), Innovation in Solar Power and Hybrid Baseline (2017): 0 Technologies (P160379), Grid-Connected Rooftop Solar Program (P155007), Innovation in Target (FY25): 2160 MW (IBRD) Solar Power and Hybrid Technologies (P160379), Jharkhand Power System Improvement Project (P162086), Shared Infrastructure for Solar Parks Project (P154283) Pipeline operations: Himachal Pradesh Power Sector Development Program (P176032), Rooftop Solar Guarantee Facility for MSMEs (P172261), Program for Transformative Mobility and Battery Storage (P172223), Program for Electricity Distribution Sector Reforms in India (P177844) 16 Ongoing ASA: Supporting energy transition of India power sector (P170602) Closed ASA: Strategic Options for Energy Efficiency Scale-up and TA to Sector Stakeholders (P162935) Indicator 1.4.4: GHG emissions expected to be Ongoing operations: Shared Infrastructure for Solar Parks Project (P154283), Grid- reduced (metric tons/year) Connected Rooftop Solar Program (P155007), Innovation in Solar Power and Hybrid Baseline (2017): 0 Technologies (P160379), Partial Risk Sharing Facility (PRSF) for Energy Efficiency, India Target (FY25): 1.27 million (IBRD) Energy Efficiency Scale-up Program (P162849) Pipeline operations: Himachal Pradesh Power Sector Development Program (P176032), Baseline (2017): 2.2 million Rooftop Solar Guarantee Facility for MSMEs (P172261), Program for Transformative Target (FY25): 5.8 million (IFC) Mobility and Battery Storage (P172223), Program for Electricity Distribution Sector Reforms in India (P177844) Ongoing ASA: Supporting energy transition of India power sector (P170602) IFC: IFC Investments in in RE projects including wind, ground mounted solar, rooftop solar projects, IFC Advisory projects under Lighting Asia (India), and IFC Energy and Water Efficiency with firms - Clean Max Equity (38331), Ashiana (38851), Rewa ACME (39711), DCM TCCL Gr Bond (39723), JK Paper III (39821), Rewa Actis (39866), Azure RG (40099), Lithium (40171), Deepak Fert (40406), Indospace Fund 3 (40509), DCM ABFL GreBond (40557), Rewa Mahindra (40646), DCM PNB HFL Bond (40989), MTPL (41397), VCT II (41434), RBL Debt I (41811), PCHFL (41814), DCM Sugar (42346), HFE Bhadla (42694), Indospace Debt (43802), HDFC II (44139), EGP India – Thar (44816), Crystal Crop (44971), Chalet Hotels (44989), KICT (45328), HIKAL III (45374) CPF Objective 1.5: Improve disaster risk management Indicator 1.5.1: Number of bridges constructed or Ongoing operations: Jhelum and Tawi Flood Recovery Project (P154990), Uttarakhand rehabilitated to resilient standards to enhance Disaster Recovery Project (P146653), Bihar Kosi Basin Development Project (P127725) connectivity or to provide escape routes Pipeline operations: National Cyclone Risk Mitigation Project (Phase III) (P179725), Assam Baseline (2023): 0 Resilient Rural Bridges Program (P178581), Uttarakhand Disaster Preparedness and Target (FY25): 95 (IBRD) Resilience Project (P179749), Maharashtra Resilience Development Program (MRDP) (Phase-I) (P181437) Indicator 1.5.2: Proportion of the targeted coastal Closed operations: Tamil Nadu and Puducherry Coastal Disaster Risk Reduction Project population covered by the early warning (P143382), India National Cyclone Risk Mitigation Project (1) (P092217), India: National dissemination systems in 9 states Cyclone Risk Mitigation Project (I) Additional Financing (P148870), National Cyclone Risk Baseline (2018): 0 Mitigation Project-II (P144726) 17 Target (FY25): 88% (IBRD) Pipeline operations: National Cyclone Risk Mitigation Project (Phase III) (P179725) Focus Area 2: Enhancing Competitiveness and Enabling Job Creation CPF Objective 2.1: Improve the business environment and select firm capabilities Indicator 2.1.1: Number of business environment Closed operations: Technology Center Systems Project (TCSP) (P145502) reforms implemented through IFC and IBRD Ongoing operations: Innovate in India for Inclusiveness (P156241), Raising and Accelerating Baseline (2017): 0 MSME Performance (P172226) Target (2025): 20 Closed ASA: India Ease of Doing Business (P154653), India Services Competitiveness Study (P164900), State policies and firm dynamics (P166691), Barriers to Internal Mobility (P166692), India Tourism Strategy & Roadmap (P168104), Logistics impacts of GST (P166976) Ongoing ASA: Private and Financial Sector Recovery (P177285) Pipeline ASA: Additional activities to be added to the Private and Financial Sector Recovery (P177285) through TF (CSF) IFC Advisory: India Ease of Doing Business (with FCI), India Insolvency (602333, with FCI) Indicator 2.1.2: Number of individual enterprises Closed operations: Technology Center Systems Project (TCSP) (P145502) accessing services at technology centers (annual) Ongoing operations: Innovate in India for Inclusiveness (P156241) Baseline (2017): 5,700 Pipeline ASA: Additional activities to be added to the Private and Financial Sector Recovery Target (FY25): 6,900 (IBRD) (P177285) through TF (CSF) CPF Objective 2.2: Increase resilience of the financial sector and financial inclusion Indicator 2.2.1: Number of people reached with Closed operations: North East Rural Livelihoods Project (NERLP) (P102330), MSME Growth financial services Innovation and Inclusive Finance Project (P151544), Micro, Small and Medium Enterprises Baseline (2017): 22 million emergency response (P174292) Target (FY25): 94 million (IFC) Ongoing operations: India SEWA 2025 Digital Financial Inclusion of Informal Sector (P167886), Manipur Infotech eNabled Development (MIND) Project (P176733) Closed ASA: India - Post FSAP Financial Sector Programmatic Approach (P161285), India #C008 Expand pension coverage and strengthen regulation and supervision (P156465), India FSAP Update (P160281), Financial inclusion initiative – Government of Meghalaya (P150093), Financial inclusion Note (P150831) Ongoing ASA: Private and Financial Sector Recovery (P177285) Pipeline ASA: Additional activities to be added to the Private and Financial Sector Recovery (P177285) through TF (CSF) IFC: IFC Investments related to digital financial inclusion, Banking on Women Program, IFC MFI/ Small Finance Bank transformation, Very small and early stage/ start-up banking AS 18 support, Agri-finance advisory services and value chain financing advisory.- Chola Debt II (40278), DCM MMFSL II (42373), TMFL SME (42444), SHTF SPV (42852), IDFC First (1003095), Federal Bank (543578), Bandhan (806570), Fullerton Loan (43960), Mintifi (42062), Bajaj Fin II( 42441), Fino Paytech (564175), Arohan Fin (632551), RBL Bank (680626), Avanse Financial Services (747055), Bandhan (621953), Grameen Kota (632433), Ujjivan (632552), Suryoday SFB (635724), AU SFB (638365), Indicator 2.2.2: Number of SMEs reached with Ongoing IBRD operations: Raising and Accelerating MSME Performance (P172226), financial services National Rural Economic Transformation Project (Additional Financing to National Rural Baseline (2017): 0.4 million Livelihoods Project) (P166745), National Rural Livelihoods Project (P104164), Tamil Nadu Target (FY25): 1.7 million (IFC and IBRD) Rural Transformation Project (TNRTP) (P157702) IFC: IFC investments in SME focused transactions with NBFIs, Banks including projects related to small bank transformation and fintechs– Chola Debt II (40278), DCM MMFSL II (42373), TMFL SME (42444), SHTF SPV (42852), IDFC First (1003095), Federal Bank (543578), Bandhan (806570), Fullerton Loan (43960), Mintifi (42062), Bajaj Fin II(42441) Indicator 2.2.3: Value of funds released through Ongoing operations: Raising and Accelerating MSME Performance (P172226) improved insolvency and bankruptcy resolution IFC: IFC investments under distressed asset recovery program - India RF (40569) and DARP regime and programs NPL EARC (40559) and IFC advisory through India Insolvency (602333, with FCI) Baseline (2018): 0 Target (FY25): US$ 500 million (IFC) CPF Objective 2.3: Improve connectivity and logistics Indicator 2.3.1: Percentage of core rural road Closed operations: PMGSY Rural Roads Project (P124639), Andhra Pradesh & Telangana network in good condition Road Sector Project (P096021), Second Karnataka State Highway Improvement (P107649), Baseline (2018): 64% India Second Kerala State Transport Project (P130339), Second Gujarat State Highway Target (FY25): 68% (IBRD) Project (GSHP II) (P114827), Rajasthan Road Sector Modernization Project (P130164), Mizoram State Roads II- Regional Transport Connectivity Project (P145778), Second Tamil Nadu Road Sector Project (P143751), National Highways Interconnectivity Improvement Project (P121185) Ongoing operations: Uttar Pradesh Core Road Network Development Project (P147864), Bihar Rural Roads Project (P155522), Madhya Pradesh Rural Connectivity project (P157054), Rajasthan State Highways Development Program II (P157141), Himachal Pradesh State Roads Transformation Project (P163328), Green National Highways Corridor Project (P167350), Meghalaya Integrated Transport Project (P168097), India State Support Program for Road Safety (P177668), Resilient Kerala Program (P174778) 19 Pipeline operations: Assam Resilient Rural Bridges Program (P178581), Assam Disaster Resilient Hill Roads Development Project (P180672) Closed ASA: Initiative for Greener Transport System in India (P166546), Investing in Road Safety in South Asia (P164261) Ongoing ASA: Decarbonizing Freight in South Asia – COVID-19 Green Recovery Project Design and Implementation Support Grant (Deliverable under P167350) Indicator 2.3.2: Freight Traffic carried on Eastern Closed operations: Second Gujarat State Highway Project (GSHP II) (P114827), Second Dedicated Freight Corridor III Karnataka State Highway Improvement (P107649), Second Tamil Nadu Road Sector Project Baseline (2017): 0 (P143751), Eastern Dedicated Freight Corridor - I (P114338), Eastern Dedicated Freight Target (FY25): 22 billion net ton km per year Corridor - II (P131765), Eastern Dedicated Freight Corridor-3 (P150158) Ongoing operations: Rajasthan State Highways Development Program II (P157141), Rail Logistics Project (P177856) Ongoing ASA: Accelerating Transport and Trade Connectivity in Eastern South Asia (ACCESS) Programmatic ASA (P180252), Odisha's Asset Monetizing and Asset Recycling Program (P179331), Innovative Asset Monetization and Whole-Life Asset Management Approaches for MoRTH-NHAI (Deliverable under P167350) MIGA pipeline operation: Dedicated Freight Corridor Corporation of India Limited Guarantee (Board approved) Indicator 2.3.4: People provided with access to the Ongoing operation: Manipur Infotech eNabled Development (MIND) Project (P176733) Internet Pipeline operation: Northeast Region Digital Economy Program (NERDE) (proposed FY25) Baseline: 0 Ongoing ASA: Enabling Inclusion and Innovation in a Digital India (P179356) Target (FY25): 1 million (IBRD) CPF Objective 2.4: Increase access to quality, market-relevant skills development Indicator 2.4.1: Number of trainees who have Ongoing operations: National Rural Livelihoods Project (NRLP) (P104164), National Rural successfully completed the National Skills Economic Transformation Project (Additional Financing to National Rural Livelihoods Qualification Framework (NSQF) aligned, market- Project) (P166745), Tamil Nadu Rural Transformation Project (TNRTP) (P157702), Skill India relevant, short-term skills development programs Mission Operation (P158435), Uttarakhand Workforce Development Project (P154525), and other nationally recognized programs and were Manipur Infotech eNabled Development (MIND) Project (P176733) certified Pipeline operations: Development of Applied Knowledge and Skills for Human- Baseline (2017): 1 million (2017); Of which female Development in Maharashtra- (DAKSH) Maharashtra (P177965) trainees: 0.32 million Closed ASA: Skills Development: TA for Enhancing Quality Assurance, Market Relevance Target (FY25): 6.44 million; Of which female and M&E Systems (TF0A6843 under P158435) trainees: 2.19 million Pipeline ASA: Skills for Creating a Childcare Workforce in India (TF0C0474 under P158435), 20 PPP in Skills: Empowering Women (under P180954), Skilling and Up-skilling of Youth via Skill Hubs in Maharashtra (TF0C1413 under P180954) Indicator 2.4.2: Percentage increase in the number Ongoing operations: Skills Strengthening for Industrial Value Enhancement Operation of graduates from ITIs that have signed (P156867), Skill India Mission Operation (P158435 Performance Based Grant Agreements under the STRIVE program Baseline (2017): 0 Target (FY25): 22% (IBRD) CPF Objective 2.5: Enabling access to more quality jobs for women Indicator 2.5.1: Number of IFC clients who achieve IFC: IFC projects with the following investment clients: Ocean Sparkle (514079), Bharat a 20% increase in jobs for women Biotech (520941), JK Paper (535264), Aavas (628011), Applied Solar (647267), Craftsman Baseline (2018): 0 (647425), Kalkitech (713944), Cube Highway (775924), Eye-Q Vision (795015), Big Basket Target (FY25): 20 (IFC) (1002105), Byjus (1008815), ESIP Blackbuck (1018413), Lithium (1019790), Moglix (1020076), Srinivasa Farms (1028155), Signature Global (1028597), Shadowfox (1028728), 1MG (1037591) Indicator 2.5.2: Increased access to financial IFC: IFC Investments with specific banking on women objectives – Chola Debt II (40278), services for women and women-owned MSMEs (as DCM MMFSL II (42373), TMFL SME (42444), SHTF SPV (42852), IDFC First (1003095), measured by value of loans outstanding to women) Federal Bank (543578), Bandhan (806570), Fullerton Loan (43960), Mintifi (42062), Bajaj Fin Baseline (2016): US$280 million II( 42441) Target (FY25): US$4.6 billion (IFC) Focus Area 3: Investing in Human Capital CPF Objective 3.1: Enhance investment in the early years of children’s development Indicator 3.1.1 Percentage of children ages 6-23 Closed operations: India: ICDS Systems Strengthening & Nutrition Improvement Program months receiving age-appropriate foods in selected (ISSNIP) (P121731), National Nutrition Mission (also known as ICDS Systems Strengthening districts and Nutrition Improvement Project: Additional Financing) (P165493) Baseline (2018): 42.7% and 19.9% Target (FY25): no further gains due to closed operations Indicator 3.1.2 Number of pregnant/lactating Closed operations: India: ICDS Systems Strengthening & Nutrition Improvement Program women (PLW) and children under 3 years with (ISSNIP) (P121731), National Nutrition Mission (also known as ICDS Systems Strengthening access to ICDS services in selected districts and Nutrition Improvement Project: Additional Financing) (P165493), Quality Improvement Baseline (2018): 29,791; Of which female children in Early Childhood Education in India (P164739) under 3 years: 8,300 21 Target (FY25): no further gains due to closed operations CPF Objective 3.2: Improve the quality of education in schools and colleges Indicator 3.2.1: Improvement in secondary school Ongoing operations: Strengthening Teaching-Learning And Results for States (P166868) completion rate in selected states Pipeline operations: Chhattisgarh: Accelerated Learning for a Knowledge-Economy Baseline: Himachal Pradesh 81.1%, Kerala 87.3%, (P179249), Uttar Pradesh Knowledge-based Response to Schooling and Teaching (P177966) Madhya Pradesh 61.9%, Maharashtra 81.7%, Ongoing ASA: Facilitating School to Work Transition (P175827); Teach/Coach Grants for Odisha 74.2%, and Rajasthan 77.5% Scaling-Up National Support for Effective Teaching (SUNSET): TF0B9043 under STARS Target (FY25): 2.0 percentage points improvement (P166868); TF0B9042 under GOAL (P173704); TF0B9044 under SALT(P173978) over baseline in each selected state Indicator 3.2.2: Increase in students achieving Ongoing operations: Strengthening Teaching-Learning and Results for States (P166868) minimum proficiency in grade 3 language in selected states Baseline (2018): 43% Target (FY25): At least 2 percentage points increase in students achieving minimum proficiency in language over baseline in each selected state. Indicator 3.2.3: Number of supported institutes Closed operations: MP Higher Education Quality Improvement Project (P150394), Technical with University Grants Commission autonomy Education Quality Improvement Project III (P154523) Baseline (2018): 71 Ongoing operations: Strengthening Teaching-Learning and Results for States (P166868), Target (FY25): 98 Odisha Higher Education Program for Excellence and Equity (P160331) CPF Objective 3.3: Increase access to improved rural water supply and sanitation services Indicator 3.3.1: Number of people provided with Closed operations: IN Maharashtra Rural Water Supply and Sanitation Program (P126325), access to improved water sources in focus states Second Kerala Rural Water Supply and Sanitation Project (Jalanidhi II) (P121774), Rural Baseline (2017): 2.5 million Water Supply and Sanitation Project for Low Income States (P132173), Punjab Rural Water Target (FY25): No further gains expected as and Sanitation Sector Improvement Project (P150520) contributing operations have closed Indicator 3.3.2: Number of people provided with Closed operations: Second Kerala Rural Water Supply and Sanitation Project (Jalanidhi II) access to improved sanitation services in focus (P121774), Rural Water Supply and Sanitation Project for Low Income States (P132173), IN states Swachh Bharat Mission Support Operation (P153251), Punjab Rural Water and Sanitation Baseline (2017): 2.37 million Sector Improvement Project (P150520) Target (FY25): No further gains expected as Closed ASA: Programmatic Support for Swachh Bharat (Rural Sanitation) in India (P152684) contributing operations have closed 22 CPF Objective 3.4: Improve the quality of health service delivery and financing as well as access to quality healthcare Indicator 3.4.1: Number of Public Facilities with Closed operations: India: Uttar Pradesh Health Systems Strengthening Project (UPHSSP) Quality Certification in selected states (P100304) Baseline (2017): 25 Ongoing operations: Uttarakhand Health Systems Development Project (P148531), Tamil Target (FY25): 2066 Nadu Health System Reform Program (P166373), Meghalaya Health Systems Strengthening Project (P173589), Mizoram Health Systems Strengthening Project (P173958), Andhra Pradesh Health Systems Strengthening Project (P167581), Systems Reform Endeavours for Transformed Health Achievement in Gujarat (SRESTHA-G) (P178252), India's Enhanced Health Service Delivery Program (P178146) Pipeline operations: Assam State Secondary Healthcare Initiative for Service Delivery Transformation (ASSIST) Project (P179337) Indicator 3.4.2: Number of persons with improved IFC: Healthcare PPPs and investment in healthcare providers and delivery services, access to quality healthcare services pharmaceutical companies, producers of vaccines, and in medical technology and devices – Baseline (2017): 0 SRLL (705449), Quadria Capital (717771), HCG (738204), Nephroplus (780606), Eye-Q Vision Target (FY25): 25 million (IFC) (795015), Regency Hospital (801047), Apollo AHLL (1004434), AHEL (516736), Max India (1007689), Quadria Fund II (1035846) Indicator 3.4.3: Percentage of High-Risk Groups Closed operations: Knowledge Sharing capacity development support to National AIDS receiving Anti-Retroviral Therapy (ART) Control Organization, Indian Ministry of Health and Family Welfare (P159413) Baseline (2016): 50% Target (FY25): No further gains expected as operations closed Indicator 3.4.4: TB Case Notification Rate Ongoing operations: Program Towards Elimination of Tuberculosis (P167523) Baseline (2017): 134 per 100,000 population Pipeline operations: Additional Financing India Program Towards Elimination of Target (FY25): 195 per 100,000 population Tuberculosis (PTETB) (P180773) Ongoing ASA: India PMJAY & Universal Health Coverage (P171432) CPF Objective 3.5: Improve the coverage and coordination of social protection systems Indicator 3.5.1: Share of Poor (Bottom 40%) of Closed operations: Accelerating India's COVID-19 Social Protection Response Program Households covered by any social safety net (PMGKY) (P173943), Second Accelerating India's COVID-19 Social Protection Response program (PMGKY) (P174027), Creating a Coordinated and Responsive Indian Social Protection Baseline (2015): 48% System (CCRISP) (P176447), India: Bihar Integrated Social Protection Strengthening Project Target (FY25): 75% (P118826) Ongoing operations: West Bengal Building State Capability for Inclusive Social Protection Operation (P174564), RIGHTS: Inclusion, Accessibility and Opportunities for Persons with 23 Disabilities in Tamil Nadu (P176404), Tejaswini: Socioeconomic Empowerment of Adolescent Girls & Young Women (P150576) Pipeline operations: Odisha State Capability and Resilient Growth Program (P175811) Closed ASA: Accelerating DBT in LIS (P158289), Strengthening Urban Safety Nets in India (P157292) Ongoing ASA: Improving State Capability: Addressing the Challenges of last mile Service Delivery for Equitable Human Development (P172730), Strengthening Social Protection Systems in India (P180643) Indicator 3.5.2: Share of households covered by Closed operations: Accelerating India's COVID-19 Social Protection Response Program any government insurance program increased in (PMGKY) (P173943), Second Accelerating India's COVID-19 Social Protection Response target districts (PMGKY) (P174027) Baseline (2014): 15% Ongoing operations: West Bengal Building State Capability for Inclusive Social Protection Target (FY25): 33% Operation (P174564), Odisha State Capability and Resilient Growth Program (P175811) Closed ASA: Knowledge Sharing on Innovative Social Protection Systems (P166658) Ongoing ASA: Improving State Capability: Addressing the Challenges of last mile Service Delivery for Equitable Human Development (P172730), Strengthening Social Protection Systems in India (P180643) Indicator 3.5.3: Share of cash-based SP programs Closed operations: Accelerating India’s COVID-19 Social Protection Response (PMGKY), integrated onto the DBT platform in targeted states Second Accelerating India’s COVID-19 Social Protection Response (PMGKY) Baseline (2017): 12% Ongoing operations: West Bengal Building State Capability for Inclusive Social Protection Target (FY25): 60% Operation (P174564), RIGHTS: Inclusion, Accessibility and Opportunities for Persons with Disabilities in Tamil Nadu (P176404), Tejaswini: Socioeconomic Empowerment of Adolescent Girls & Young Women (P150576), Odisha State Capability and Resilient Growth Program (P175811) Pipeline operations: Multisectoral Program for Adolescent Wellbeing, Empowerment and Resilience (MPOWER) (P178967) Closed ASA: Accelerating DBT in LIS (P158289) Ongoing ASA: Improving State Capability: Addressing the Challenges of last mile Service Delivery for Equitable Human Development (P172730), Strengthening Social Protection Systems in India (P180643) 24 ANNEX 2. MATRIX OF CHANGES TO ORIGINAL CPF RESULTS MATRIX Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Focus Area 1: Resource Efficient Growth CPF Objective 1.1. Promote more resource-efficient, inclusive, and diversified growth in the rural sector Indicator 1.1.1: Water Use Efficiency (WUE) in Indicator 1.1.1: Water Use Efficiency (WUE) in The target year has been extended to FY25 but agriculture in select states (weighted average agriculture in select states (weighted average no changes to the indicator. The target gross returns per cubic meter of water used) gross returns per cubic meter of water used) remains the same and is expected to be Baseline (2016): INR 16.0 per cubic meter Baseline (2016): INR 16.0 per cubic meter water reached within the new timeframe. water used used Target (2019): INR 26.4 per cubic meter water Target (FY25): INR 26.4 per cubic meter water used Supplementary Progress Indicator Supplementary Progress Indicator The target year has been extended to FY25. 1.1.1: Number of water users provided with 1.1.1: Number of water users provided with The target was partially reached in 2022 new/improved irrigation and drainage services new/improved irrigation and drainage services (961,558 of water users with new/improved Baseline (2017): 362,061 Baseline (2017): 362,061 irrigation and drainage services) and meeting Target (2022): 1,008,00 Target (FY25): 1,008,00 the full target by FY25 is realistic. Indicator 1.1.2: Water use expected to be Supplementary Progress Indicator 1.1.2: Water Target was overachieved in 2022 (138 million avoided (cubic meters/per year) use expected to be avoided (cubic meters/per m3 per year avoided). Target has been revised Baseline (2017): 0 year) to keep up annual savings of 138 million m3 Target (2022): 40 million m3 (IFC) Baseline (2017): 0 until FY25. Target will be treated as Target (FY25): 138 million m3 (IFC) supplementary progress indicator to Indicator 1.1.1 going forward. Supplementary Progress Indicator Supplementary Progress Indicator Achieved over target (Actual status in 2022 1.1.2: Number of additional Gram Panchayats 1.1.3: Number of additional Gram Panchayats was 3750) and will continue implementation (GPs) which have adopted participatory (GPs) which have adopted participatory until National Groundwater Management groundwater management groundwater management Improvement Program is planned to close in Baseline (2018): 0 Baseline (2018): 0 FY25. This will be treated as supplementary Target (2022): 1,000 Target (2022): 1,000 progress indicator to Indicator 1.1.1 going forward. 25 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Indicator 1.1.3: Additional land area where Indicator 1.1.2: Additional land area where The target year has been extended to FY25. By sustainable land management practices have sustainable land management practices have 2022 the target was partially achieved through been adopted in select states been adopted in select states AGR and ENB operations (total of 66,469 ha). Baseline (2017): 0 ha Baseline (2017): 0 ha Target (2022): 74,000 ha Target (FY25): 74,000 ha Supplementary Progress Indicator Supplementary Progress Indicator The target year has been extended to FY25. 1.1.3: Number of farmers adopting improved 1.1.4: Number of farmers adopting improved agricultural technology agricultural technology Baseline (2017): 0 (Of which female: 0) Baseline (2017): 0 (Of which female: 0) Target (2022): 1.49 million (Of which female: Target (FY25): 1.49 million (Of which female: 0.48 million) 0.48 million) Indicator 1.1.4: Number of targeted Indicator 1.1.5: Number of targeted households Target for 2022 had been achieved and was households in select states with at least 50% in select states with at least 50% increase in increased to 900,000 for FY25 due to prospect increase in income income for further achievements. Baseline (2017): 0 Baseline (2017): 0 Target (2022): 500,000 Target (FY25): 900,000 Supplementary Progress Indicator Supplementary Progress Indicator Both, IFC and IBRD overachieved their original 1.1.4: Number of farmers reached with 1.1.6: Number of farmers reached with targets for this indicator. Targets have been additional productive assets or services additional productive assets or services increased from 1.86 million to 3.8 million for Baseline (2017): 0 (IBRD) Baseline (2017): 0 (IBRD) IBRD and from 600,000 to 1.75 million for IFC Target (2022): 1.86 million Target (FY25): 3.8 million for FY25. Baseline (2017): 500,000 (IFC) Baseline (2017): 500,000 (IFC) Target (2022): 600,000 (IFC) Target (FY25): 1.75 million (IFC) Indicator 1.1.5: Percentage of targeted SHG Supplementary Progress Indicator The target has been achieved by 2022 through households that have at least one additional 1.1.7: Percentage of targeted SHG households AGR operations and the target for FY25 has source of income that have at least one additional source of been increased due expected gains from Baseline (2017): 0 income ongoing operations. This will be treated as Target (2022): 20% Baseline (2017): 0 supplementary progress indicator to Indicator Target (FY25): 40% 1.1.4 going forward. 26 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator CPF Objective 1.2: Improve the livability and sustainability of cities in select states Indicator 1.2.1: Number of people provided Indicator 1.2.1: Number of people provided The 2022 target was overachieved (2,216,700 with improved living conditions in selected with improved living conditions in selected people). The target for FY25 was increased due states/cities states/cities to prospects of further achievements. Baseline (2018): 0 Baseline (2018): 0 (2018) Target (2022): 800,000 people (IBRD) Target (FY25): 2,662,000 people (IBRD) Indicator 1.2.1: Number of people provided Dropped The original IFC Indicator 1.2.1 has been with improved living conditions in selected dropped and replaced by Floor space that states/cities (IFC) received post-design EDGE Preliminary Baseline (2018): 0 (IFC) Certification (m2) below. Target (2022): 1 million (ex-affordable housing) New IFC Indicator 1.2.1: Floor space that received post-design EDGE Preliminary Certification (m2) (IFC) Baseline: 0 Target (FY25): 2.1 million (IFC) Supplementary Progress Indicator Supplementary Progress Indicator The target for the urban local bodies (ULBs) 1.2.1: Number of participating ULBs reporting 1.2.1: Number of participating ULBs reporting has been partially achieved (27 in 2022) and increase in own source revenues increase in own source revenues downscaled from 36 to 34 for FY25. Baseline (2018): 0 Baseline (2018): 0 Target (2022): 36 Target (FY25): 34 Indicator 1.2.2: Number of affordable/green Indicator 1.2.2: Number of affordable/green IFC has increased the target for FY25 to 2 housing units supported by IFC invested housing units supported by IFC invested housing million units and a new WB indicator has been housing finance companies and developers finance companies and developers introduced, to be achieved through the Tamil Baseline (2018): 0 Baseline (2018): 0 (2018) Nadu Housing and Habitat Development Target: 1 million units (IFC) Target (FY25): 2 million (IFC) Project. New WB Indicator 1.2.2: Number of affordable/green housing units supported by WB Baseline (2022): 0 27 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Target (FY25): 5000 units Indicator 1.2.3: GHG emissions expected to be Revised Supplementary Progress Indicator The target has been increased for FY25 and reduced (metric tons/year) in cities supported 1.4.3: GHG emissions expected to be reduced IBRD operations and ASAs have been included. by IFC (metric tons/year) in cities supported by IFC and The indicator will be treated as supplementary Baseline (2018): 0 IBRD progress indicator to Indicator 1.4.3 going Target: 840,000 metric tons/year (IFC) Baseline (2018): 0 forward. Target (FY25): 1,020,000 metric tons/year (IFC & IBRD) IBRD Pipeline operations: Unlocking e-bus market: Payment Security Mechanism (P179346), Electric Vehicle-Risk Sharing Program for 2/3 Wheelers (EVOLVE) (P179323) IBRD ongoing ASA: India Green, Resilient, Inclusive, Efficient and Safe Urban Mobility (P177675), Sustainable Bus Service Delivery in post-COVID (Deliverable under P177675), Transport4All Innovation Challenge (Deliverable under P177675) New Supplementary Progress Indicator 1.2.3 New Supplementary Progress Indicator has (1): Number of electric buses procured by been introduced due to pipeline operations on transport authorities and in operation Unlocking the e-bus market and EVOLVE. Baseline (2022): 0 Target (FY25): 7,500 (IBRD) Pipeline operations: Unlocking e-bus market: Payment Security Mechanism (P179346), New Supplementary Progress Indicator 1.2.3 Electric Vehicle-Risk Sharing Program for 2/3 (2): Number of electric 2/3 wheelers purchased Wheelers (EVOLVE) (P179323) under EVOLVE Ongoing ASA: India Green, Resilient, Inclusive, Baseline (2022): 0 Efficient and Safe Urban Mobility (P177675), Target (FY25): 200,000 (IBRD) Sustainable Bus Service Delivery in post-COVID (Deliverable under P177675), Transport4All Innovation Challenge (Deliverable under P177675) 28 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator CPF Objective 1.3: Improve management systems for controlling air pollution Indicator 1.3.1: Number of AQM plans under New Indicator 1.3.2: Number of AQM plans There were 21 AQM plans under implementation by cities supported by the under implementation on the state level implementation by cities supported by the WB, World Bank supported by the World Bank mainly through ENB operations but also CCRISP Baseline (2018): 0 Baseline (2023): 0 (SPJ) contributed with e.g., Prior Action 9. The Target (2022): 9 Target (FY25): 2 (IBRD) indicator will not be continued on the city-level but on the state-level. There are currently two operations in the pipeline for this indicator, for the states Uttar Pradesh and Haryana. Supplementary Progress Indicator No change The target has been achieved and no new 1.3.1: Volume of private sector finance target has been defined. leveraged for cleaner technologies and processes Baseline (2018): INR 1480 million Target (2022): INR 3550 million (IBRD) CPF Objective 1.4: Increase access to sustainable energy Indicator 1.4.1: Energy wheeled through Indicator 1.4.1: Energy wheeled through Target year extended to FY25. transmission system (GWh) transmission system (GWh) Baseline (2018): 76,170 GWh Baseline (2018): 76,170 GWh Target (2022): 104,000 GWh Target (FY25): 104,000 GWh Supplementary Progress Indicator Supplementary Progress Indicator The target has been revised substantially since 1.4.1: Total number of ESCO- implemented 1.4.1: Total number of ESCO- implemented the PDO under PRSF by FY25 is 77. energy efficiency investments whose loans energy efficiency investments whose loans received partial credit guarantee from PRSF received partial credit guarantee from PRSF (managed by Small Industries Development (managed by Small Industries Development Bank of India) Bank of India) Baseline (2017): 9 Baseline (2017): 9 Target (2020): 340 Target (FY25): 77 Indicator 1.4.2: Power Generation – number Indicator 1.4.2: Number of people/consumers Target has been revised to better accurately of people/consumers reached reached through IFC investments in Power measure incremental reach through IFC Baseline (2017): 13 million Generation projects as a stock indicator Target (2022): 31 million (IFC) Baseline (2017): 0 million 29 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Target (FY25): 18.6 million (IFC) Supplementary Progress Indicator Supplementary Progress Indicator Target year extended to FY25. 1.4.2: Number of consumers with prepaid/ 1.4.2: Number of consumers with prepaid/ smart meters smart meters Baseline (2017): 45,665 Baseline (2017): 45,665 Target (2022): 350,000 Target (FY25): 350,000 Indicator 1.4.3: Total generation capacity of Indicator 1.4.3: Total generation capacity of RE Target year extended to FY25. RE (MW) (MW) Baseline (2017): 0 Baseline (2017): 0 Target (2022): 2160 MW (IBRD) Target (FY25): 2160 MW (IBRD) Indicator 1.4.4: GHG emissions expected to be Indicator 1.4.4: GHG emissions expected to be Target for IFC was increased and extended to reduced (metric tons/year) reduced (metric tons/year) FY25. The IBRD indicator target became FY25. Baseline (2017): 0 Baseline (2017): 0 Target (2022): 1.27 million (IBRD) Target (FY25): 1.27 million (IBRD) Baseline (2017): 2.2 million Target (2022): 5 million (IFC) Revised Indicator 1.4.4 for IFC: Baseline (2017): 2.2 million Target (FY25): 5.8 million (IFC) CPF Objective 1.5: Improve disaster risk management Indicator 1.5.1: Kilometers of rural roads Discontinued Achieved and indicator will not be continued rehabilitated and improved up to resilient since current DRM projects do not have the standards to provide rural connectivity component. New Indicator 1.5.1 below for Baseline (2018): 831 km FY25. Target (2022): 3,150 km (IBRD) Closed operations: Tamil Nadu and Puducherry Coastal Disaster Risk Reduction Project (P143382), Bihar Kosi Flood Recovery Project (P122096), Andhra Pradesh Disaster Recovery Project (P154847), Second Karnataka State Highway Improvement (P107649), India: National Cyclone Risk Mitigation Project (I) 30 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Additional Financing (P148870), National Cyclone Risk Mitigation Project-II (P144726) Closed ASA: Supporting the Operationalization of the Coalition for Disaster Resilient Infrastructure (CDRI) (Deliverable under EU- South Asia Capacity building for Disaster Risk Management Program (P157433)) Supplementary Progress Indicator No change The target has been overachieved (34 states 1.5.1: Number of state-level institutions with by 2022). increased capacity for disaster risk management Baseline (2018): 0 Target (2022): 13 New Indicator 1.5.1: Number of bridges New indicator has been introduced that constructed or rehabilitated to resilient incorporates the pipeline and ongoing standards to enhance connectivity or to provide projects. escape routes Baseline (2023): 0 Target (FY25): 95 (IBRD) Indicator 1.5.2: Proportion of the targeted Revised Indicator 1.5.2: Proportion of the Indicator has been adjusted to be more coastal population covered by the early targeted coastal population covered by the specific and the target for FY25 has been warning dissemination systems early warning dissemination systems in 9 states downscaled to provide a more realistic setting. Baseline (2018): 0 Baseline (2018): 0 Target (2022): 100% Target (FY25): 88% (IBRD) Supplementary Progress Indicator Dropped The relevant operation was dropped (DRM), 1.5.2: Number of market instruments Indicator thus dropped. designed and implemented for climate change mitigation action Baseline (2018): 2 (Perform Achieve and Trade scheme, Renewable Energy Certificate mechanism designed) 31 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Target (2022): 4 (2 additional market instruments designed) Focus Area 2: Enhancing Competitiveness and Enabling Job Creation CPF Objective 2.1: Improve the business environment and select firm capabilities Indicator 2.1.1: Doing Business composite Discontinued The target has been achieved (over target, 71) measure of barriers to competition and and the Doing Business indicator is no further distortions: Distance from frontier (Frontier = in use. The Supplementary Progress Indicator 100) became the main Indicator 2.1.1. Baseline (2017): 60.76 Target (2022): 66.27 Supplementary Progress Indicator New main Indicator 2.1.1: Number of business The target has been achieved through FCI and 2.1.1: Number of business environment environment reforms implemented IFC (23 reforms), no new target since no reforms implemented Baseline (2017): 0 additional reforms are expected under Baseline (2017): 0 Target (2025): 20 operations. Since the Doing Business Indicator Target (2020): 20 has been discontinued, this Indicator becomes the main Indicator. Indicator 2.1.2: Number of individual Indicator 2.1.2: Number of individual Target year has been extended to FY25. enterprises accessing services at technology enterprises accessing services at technology centers (annual) centers (annual) Baseline (2017): 5,700 Baseline (2017): 5,700 Target (2022): 6,900 Target (FY25): 6,900 Supplementary Progress Indicator 2.1.2: Supplementary Progress Indicator The target had been downscaled in the Number of technology centers or technology 2.1.2: Number of technology centers or meantime (to 10, which has been reached), no transfer offices built technology transfer offices built new target since no additional gains are Baseline (2018): 0 Baseline (2018): 0 expected from operations. Target (2020): 18 (IBRD) Target (FY25): 10 (IBRD) CPF Objective 2.2: Increase resilience of the financial sector and financial inclusion Indicator 2.2.1: Number of people reached Indicator 2.2.1: Number of people reached with Target year to be extended to FY25. In with financial services financial services addition to the IFC achievements, 6.7 million Baseline (2017): 22 million Baseline (2017): 22 million women have been reached through IBRD Target (2022): 94 million (IFC) Target (FY25): 94 million (IFC) operations. Supplementary Progress Indicator Supplementary Progress Indicator Target year to be extended to FY25. 32 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator 2.2.1: Average time for processing credit for 2.2.1: Average time for processing credit for startups startups Baseline (June 2017): 2.89 months Baseline (June 2017): 2.89 months Target (2020): 1 month Target (FY25): 1 month Indicator 2.2.2: Number of SMEs reached with Indicator 2.2.2: Number of SMEs reached with IFC’s target has been overachieved. Under the financial services financial services CPF the indicator was IFC only why it was been Baseline (2017): 0.4 million Baseline (2017): 0.4 million revised to cover IBRD operations as well, as Target (2022): 0.6 million (IFC) Target (FY25): 1.7 million (IFC & IBRD) below. By 2022, IBRD had contributed to the indicator with 15,893 reached SMEs. The overall target was revised upwards for FY25 due to expected gains from ongoing IBRD and IFC operations. Ongoing IBRD operations: Raising and Accelerating MSME Performance (P172226), National Rural Economic Transformation Project (Additional Financing to National Rural Livelihoods Project) (P166745), National Rural Livelihoods Project (P104164), Tamil Nadu Rural Transformation Project (TNRTP) (P157702) Indicator 2.2.3: Value of funds released No change Targets overachieved but no further gain through improved insolvency and bankruptcy expected so no revised target. IBRD has a resolution regime and programs contributing ongoing operation since FY21: Baseline: 0 Raising and Accelerating MSME Performance Target: US$ 500 million (IFC) (P172226) CPF Objective 2.3: Improve connectivity and logistics Indicator 2.3.1: Percentage of core rural road Indicator 2.3.1: Percentage of core rural road Targets overachieved for the moment (2022) network in good condition network in good condition but due to high maintenance cost for keeping Baseline (2018): 64% Baseline (2018): 64% those roads in good condition, the original Target (2021): 68% Target (2025): 68% target remains for FY25 and no further gains expected. 33 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Supplementary Progress Indicator No change The target has been overachieved (31 states), 2.3.1: Number of states who have set up an but no further gain expected improved transport performance monitoring system Baseline (2018): None Target (2022): 5 states Indicator 2.3.2: Freight Traffic carried on EDFC Indicator 2.3.2: Freight Traffic carried on EDFC 3 The target year has been extended to FY25. 3 Baseline (2017): 0 Baseline (2017): 0 Target (FY25): 22 billion net ton km per year Target: 22 billion net ton km per year Supplementary Progress Indicator Supplementary Progress Indicator The target had been downgraded and on track 2.3.2: Private sector financing mobilized for 2.3.3: Private sector financing mobilized for for FY25. transport and logistic facilities transport and logistic facilities Baseline (2018): 0 Baseline (2018): 0 Target (2022): US$685 million Target (FY25): US$341 million Indicator 2.3.3: Number of multi-modal Supplementary Progress Indicator 2.3.2: The target was overachieved (14 centers logistic centers established Number of multi-modal logistic centers under implementation by 2022), no further Baseline (2018): 0 established gains expected. Indicator will be retained and Target (2022): 3 Baseline (2018): 0 treated as supplementary progress indicator Target (2022): 3 to Indicator 2.3.2 going forward. New Indicator 2.3.4: People provided with New indicator to reflect new operations access to the Internet below. Baseline: 0 Target (FY25): 1 million (IBRD) Ongoing operation: Manipur Infotech eNabled Development (MIND) Project (P176733) Pipeline operation: Northeast Region Digital Economy Program (NERDE) (proposed FY25) Ongoing ASA: Enabling Inclusion and Innovation in a Digital India (P179356) 34 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator CPF Objective 2.4: Increase access to quality, market-relevant skills development Indicator 2.4.1: Number of trainees who have Indicator 2.4.1: Number of trainees who have Target year has been extended to FY25. The successfully completed the National Skills successfully completed the National Skills target had been revised to 6.44 million in the Qualification Framework (NSQF) aligned, Qualification Framework (NSQF) aligned, meantime for all and to 2.19 million for female market-relevant, short-term skills market-relevant, short-term skills development beneficiaries, after the CPF started. Female development programs and other nationally programs and other nationally recognized beneficiaries are included in this indicator but recognized programs and were certified programs and were certified counted separately. Baseline (2017): 1 million Baseline (2017): 1 million (2017) Of which female trainees: 0.32 million Of which female trainees: 0.32 million (estimate) (estimate) Target (2022): 14 million (IBRD) Target (FY25): 6.44 million Of which female trainees: 4.7 million Of which female trainees: 2.19 million Supplementary Progress Indicator Supplementary Progress Indicator Target year has been extended to FY25; target 2.4.1: Number of NSQF aligned qualification 2.4.1: Number of NSQF aligned qualification had been downscaled in the meantime (to packs translated into teaching-learning packs translated into teaching-learning 203) after the start of the CPF given the pace materials materials of progress (Actual in 2022 was 163). Baseline (2017): 0 Baseline (2017): 0 Target (2021): 1,000 (IBRD) Target (FY25): 203 Indicator 2.4.2: Percentage increase in the No change The target has been overachieved (22%) but number of graduates from ITIs that have no further gains expected signed Performance Based Grant Agreements under the STRIVE program Baseline (2017): 0 Target (2022): 20% Supplementary Progress Indicator No change The target has been overachieved (At least 15 2.4.2: Improved performance of states on States participating in the STRIVE operation institutional strengthening, market relevance have strengthened training delivery by of skills development programs, and access to reducing instructor vacancy by at least 20% and completion of training by marginalized each. At least 4 States participating in STRIVE populations operation have strengthened institutional Baseline (2017): 0 capacity to support ITIs and Apprenticeship 35 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Target (2021): At least 5 states participating in programs by conducting and publishing tracer Skill India Mission Operation (SANKALP) have studies). No further gains expected. improved their State Incentive Grant scores by 15 points over the previous year Supplementary Progress Indicator Supplementary Progress Indicator Target year has been extended to FY25. 2.4.3: Number of states conducting tracer 2.4.3: Number of states conducting tracer surveys of graduates surveys of graduates Baseline (2017): None Baseline (2017): None Target (2021): At least 7 states have Target (FY25): At least 7 states have conducted conducted tracer surveys of graduates of tracer surveys of graduates of government ITIs government ITIs CPF Objective 2.5: Enabling access to more quality jobs for women Indicator 2.5.1: Number of IFC clients who Indicator 2.5.1: Number of IFC clients who Target has been overachieved (20) but no achieve a 20% increase in jobs for women achieve a 20% increase in jobs for women further gains expected. Baseline (2018): 0 Baseline (2018): 0 Target (FY25): 5 (IFC) Target (FY25): 20 (IFC) Supplementary Progress Indicator Supplementary Progress Indicator Target year has been extended to FY25. 2.5.1: Number of companies working on 2.5.1: Number of companies working on recruitment, retention and promotion of recruitment, retention and promotion of women women Baseline (2018): 0 Baseline (2018): 0 Target (2022): 20 Target (FY25): 20 (IFC) (Direct engagements with 5 IFC clients and peer partnerships with 15 companies) Indicator 2.5.2: Increased access to financial Indicator 2.5.2: Increased access to financial Target had been overachieved (US$4.4 billion) services for women and women- owned services for women and women- owned MSMEs and has been increased for FY25. MSMEs (as measured by value of loans (as measured by value of loans outstanding to outstanding to women) women) Baseline (2018): US$280 million Baseline (2016): US$280 million Target (2022): US$682 million (IFC) Target (FY25): US$4.6 billion (IFC) Supplementary Progress Indicator No change Overachieved through World Bank operations (161,825) and no further gains expected. 36 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator 2.5.2: Number of women entrepreneurs Ongoing operations: National Rural Economic reached with services provided by World Transformation Project (Additional Financing Bank-financed operations to National Rural Livelihoods Project) Baseline (2018): 0 (P166745), Tamil Nadu Rural Transformation Target (2020): 18,000 Project (TNRTP) (P157702), Bihar Transformative Development Project (P159576) Focus Area 3: Investing in Human Capital CPF Objective 3.1: Enhance investment in the early years of children’s development Indicator 3.1.1 Percentage of children ages 6- Discontinued Target has been overachieved (60.4 % and 23 months receiving age-appropriate foods in 38.9%) and all operations for this indicator selected districts closed. Baseline (2018): 42.7% and 19.9% Target (2022): 55.0% and 30.0% (IBRD) Supplementary Progress Indicator Discontinued Target has been overachieved (81%), and all 3.1.1: Percentage of Anganwadi workers who operations for this indicator closed. meet at least 60% of their targeted number of home visits to PLW and children under 3 years in the previous month in selected districts Baseline (2018): 10% Target (2022): 50% Indicator 3.1.2 Number of pregnant/lactating Discontinued Targets partly achieved but contributing women (PLW) and children under 3 years with projects closed. access to ICDS services in selected districts Baseline (2018): 29,791; Of which female children under 3 years: 8,300 Target (2022): 64,000 (IBRD); Of which female children under 3 years: 8,700 (IBRD) Supplementary Progress Indicator Discontinued Targets partly achieved and no gains are 3.1.2: Number of states with early childhood expected since all contributing operations education curriculum framework developed closed. for children 3-6 years 37 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Baseline (2018): 0 Target (2020): 5 (IBRD) Supplementary Progress Indicator Dropped The indicator was not measured, thus 3.1.3: Number of pilot schools/ICDS centers dropped. administering the School Readiness Instrument and Early Childhood Education Quality Assessment Scale in selected states Baseline (2018): 0 Target (2020): 3,000 CPF Objective 3.2: Improve the quality of education in schools and colleges Indicator 3.2.1: Percentage of students in Revised Indicator 3.2.1: Improvement in The indicator and its target has been revised to focus states successfully completing secondary secondary school completion rate in selected reflect new operations. Originally select states education states included Bihar, Chhattisgarh, Jharkhand, Baseline (2015–16): 53% Baseline: Himachal Pradesh 81.1%, Kerala Madhya Pradesh, Odisha, Rajasthan, Uttar Target (2022): 55% (IBRD) 87.3%, Madhya Pradesh 61.9%, Maharashtra Pradesh, Manipur, Meghalaya, Mizoram, 81.7%, Odisha 74.2%, and Rajasthan 77.5% Nagaland, and Tripura; select states have been Target (FY25): 2.0 percentage points revised to 6 states only (Himachal Pradesh, improvement over baseline in each selected Kerala, Madhya Pradesh, Maharashtra, Odisha, state and Rajasthan). Supplementary Progress Indicator 3.2.1: Dropped The indicator was not measured, thus Percentage of schoolteachers who have dropped, and replaced with new indicator received in-service training in the last below. academic year in focus states Baseline (2016-17): Elementary - 20% Secondary (in focus states) - 11% Target (2022): Elementary - 40% Secondary (in focus states) - 40% New Supplementary Progress Indicator 3.2.1: This indicator replaced the previous indicator, Strengthened in-service teacher training as of 2022. All STARS states are working on (cumulative) and teacher knowledge in selected implementing need-based teacher training states 38 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Baseline (2017): Teachers have limited or no access to need based in-service training Target (FY25): Percentage of teachers completing needs-based training per state in at least 3 selected states: Primary 40%, Upper- primary 40%, and Secondary 40% Indicator 3.2.2: Percentage improvement in Revised Indicator 3.2.2: Increase in students The indicator and its target have been revised, lowest state score on national learning achieving minimum proficiency in grade 3 Target year has been extended to FY25. outcomes assessment (NAS Class 5 language language in selected states and mathematics, or equivalent) Baseline: n/a Baseline (2018): Language - 43% and Target (FY25): At least 2 percentage points Mathematics - 39% increase in students achieving minimum Target (2022): 3 percentage point proficiency in language over baseline in each improvement over baseline (IBRD) selected state. Supplementary Progress Indicator Dropped The indicator has been dropped for the only 3.2.2: Learning standards at the secondary contributing operation STARS and thus level finalized and adopted in at least 75% of dropped here. focus states Baseline (2018): No national learning standards for secondary grades Target (2021): NAS grade 10 based on learning standards for secondary grades finalized and adopted in at least 75% of focus states Indicator 3.2.3: Number of supported Indicator 3.2.3: Number of supported institutes The target year has been extended to FY25. institutes with University Grants Commission with University Grants Commission autonomy autonomy Baseline (2018): 71 Baseline (2018): 71 Target (FY25): 98 Target (2021): 98 Supplementary Progress Indicator 3.2.3: Revised Supplementary Progress Indicator Baseline and target have been revised. Improved national measurement of learning 3.2.3: Improved national measurement of outcomes in school education learning outcomes in school education 39 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Baseline (2018): Technically valid data on Baseline: No independent National Assessment learning achievement levels over time is Center and/or official assessment cell, and unavailable in NAS reports inadequate assessment capabilities in selected Target (2021): NAS reports provide technically states. valid data on learning achievement levels over Target (FY25): At least 50 percent teachers time (IBRD) trained per state on CCE and classroom assessment in at least 3 selected states. CPF Objective 3.3: Increase access to improved rural water supply and sanitation services Indicator 3.3.1: Number of people provided Discontinued All contributing projects have closed, target with access to improved water sources in partially achieved (8.35 million). focus states Baseline (2017): 2.5 million Target (2022): 12 million Supplementary Progress Indicator Dropped The indicator has not been measured under 3.3.1: Percentage of habitations with 50% or the operations (all closed). more O&M cost recovery in focus states Baseline (2017): 0% Target (2019): 50% Indicator 3.3.2: Number of people provided Discontinued All contributing operations have closed (at 5.1 with access to improved sanitation services in million). focus states Baseline (2017): 2.37 million Target (2023): 6.65 million Supplementary Progress Indicator Discontinued Contributing Swachh Bharat Mission Support 3.3.2: Reduction in prevalence of open Operation has closed. defecation (number of additional people who stop practicing open defecation) Baseline: NA Target (2022): 95 million CPF Objective 3.4: Improve the quality of health service delivery and financing as well as access to quality healthcare Indicator 3.4.1: Number of Public Facilities Indicator 3.4.1: Number of Public Facilities with The 2022 target had been overachieved with Quality Certification in selected states Quality Certification in selected states (Actual in 2022 was 336); there is expectation 40 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Baseline (2017): 25 Baseline (2017): 25 for more gains for the FY25 target due to Target (2022): 84 Target (FY25): 2066 several new operations (such as SRESTHA, EHSDP, ASSIST). Supplementary Progress Indicator Supplementary Progress Indicator The target in 2022 was overachieved and has 3.4.1: Number of public facilities with an 3.4.1: Number of public facilities with an agreed been upscaled for FY25 due to new agreed quality improvement plan quality improvement plan operations. Baseline (2017): 76 Baseline (2017): 76 Target (2022): 150 Target (FY25): 827 Indicator 3.4.2: Number of persons with Indicator 3.4.2: Number of persons with The target had been overachieved (Actual in improved access to quality healthcare services improved access to quality healthcare services 2022 was 24.05 million) and was revised Baseline (2017): 0 Baseline (2017): 0 accordingly for FY25. Target (2022): 10 million (IFC) Target (FY25): 25 million (IFC) Supplementary Progress Indicator Dropped The indicator was dropped, there are no 3.4.2: Percentage of high-risk groups operations for this indicator. diagnosed Baseline (2016): 40% Target (2019): 90% Indicator 3.4.3: Percentage of High-Risk Discontinued The latest actual in 2022 was at 86 % and all Groups receiving Anti-Retroviral Therapy operations for this indicator have closed. (ART) Baseline (2016): 50% Target: 90% (IBRD) Supplementary Progress Indicator Supplementary Progress Indicator The target had been downscaled in the 3.4.3: Number of states with formal 3.4.3: Number of states with formal mechanism meantime (to 9) and has been achieved, there mechanism to support TB patients in the to support TB patients in the private sector is no new target as of now. The Additional private sector Baseline (2017): 3 (Gujarat, Maharashtra and Financing of 100 million US$ for the India Baseline (2017): 3 (Gujarat, Maharashtra and Bihar) Program Towards Elimination of Tuberculosis Bihar) Target (FY25): 9 (PTETB) is under preparation. Target (2022): 20 (IBRD) 41 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Indicator 3.4.4: TB Case Notification Rate Indicator 3.4.4: TB Case Notification Rate Baseline and target have been revised Baseline (2016): 128 per 100,000 population Baseline (2017): 134 per 100,000 population considering the progress made. The Additional Target (2022): 250 per 100,000 population Target (FY25): 195 per 100,000 population Financing for PTETB is under preparation. Supplementary Progress Indicator Revised Supplementary Progress Indicator The indicator has been revised to be more 3.4.4: Number of states strengthening the 3.4.4: Number of states participating in the specific and the target has been overachieved quality of health financing arrangements federal flagship health insurance scheme (AB (33 states participating), thus, no new target Baseline (2018): 2 (Odisha, Uttarakhand) PMJAY) (FY25 target is actual). Target (2021): 5 Baseline (2018): 2 (Odisha, Uttarakhand) Actual 2022 Status: 33 Target (FY25): 33 CPF Objective 3.5: Improve the coverage and coordination of social protection systems Indicator 3.5.1: Share of Poor (Bottom 40%) of Indicator 3.5.1: Share of Poor (Bottom 40%) of Target has been overachieved and increased Households covered by any social safety net Households covered by any social safety net for FY25. During the CPF period, the activity program program was carried out not just through the SPJ but Baseline (2015): 48% Baseline (2015): 48% also through projects (multi-sectoral) with Target (2022): 60% Target (FY25): 75% DRM, Governance and MTI teams. Supplementary Progress Indicator Supplementary Progress Indicator Target has been overachieved and increased 3.5.1: Number of states using social registry 3.5.1: Number of states using social registry for for FY25 for identifying eligibility for the largest three identifying eligibility for the largest three cash- cash-based programs in targeted states based programs in targeted states Baseline (2017): 3 Baseline (2017): 3 Target (2020): 5 Target (FY25): 9 Indicator 3.5.2: Share of households covered Indicator 3.5.2: Share of Households covered by Target year has been extended to FY25. by any government insurance program any government insurance program increased in target districts Baseline (2014): 15% Baseline (2014): 15% Target (FY25): 33% Target (2022): 33% Supplementary Progress Indicator No change Overachieved (19 states) and no revised target 3.5.2: Number of states participating in since no more gains expected through ongoing knowledge exchange on SP systems operations. improvement and development supported by the World Bank 42 Current CPF Outcomes and Proposed Changes to Outcome Comments on Changes Indicators/Supplementary Progress Indicator Indicators/Supplementary Progress Indicator Baseline (2017): 0 Target (2020): 4 Indicator 3.5.3: Share of cash-based SP Indicator 3.5.3: Share of cash-based SP Target year has been extended to FY25. programs integrated onto the DBT platform in programs integrated onto the DBT platform in targeted states targeted states Baseline (2017): 12% Baseline (2017): 12% Target (2022): 60% Target (FY25): 60% 43 ANNEX 3. MATRIX SUMMARIZING PROGRESS TOWARD CPF OBJECTIVES Objective Status Remarks Focus Area 1: Resource Efficient Growth CPF Objective 1.1. Promote more resource- On track efficient, inclusive, and diversified growth in the rural sector Indicator 1.1.1: Water Use Efficiency (WUE) On track While indicator targets have not been in agriculture in select states (weighted achieved (Actual 2022 Status: INR 22.6), average gross returns per cubic meter of implementation progress indicates they water used) will be achieved by mid-FY25. Indicator 1.1.2: Water use expected to be Achieved Target indicators have been achieved both avoided (cubic meters/per year) by World Bank and IFC (Actual 2022 Status: 138 million m3 ). Ongoing operations will continue to implement until closing (FY25), leading to overachievement by end of extended CPF period. Indicator 1.1.3: Additional land area where On track While indicator targets have not been sustainable land management practices have achieved (Actual 2022 Status: 66,469.5 ha been adopted in select states with AGR 28,135.5 ha and ENB 38,334 ha), implementation progress indicates they will be achieved by mid-FY25. Indicator 1.1.4: Number of targeted On track World Bank indicators have been achieved households in select states with at least 50% (Actual 2022 Status: 776,833); IFC increase in income indicators for supplementary indicator are on track to be achieved by mid-FY25. Indicator 1.1.5: Percentage of targeted SHG Achieved Indicator achieved (Actual 2022 Status: households that have at least one additional 20%) and target increased for mid-FY25. source of income CPF Objective 1.2. Improve the livability and On track sustainability of cities in select states IBRD Indicator 1.2.1: Number of people On track Targets for World Bank operations were provided with improved living conditions in achieved or on track to be achieved by selected states/cities mid-FY25 (Actual 2022 Status: 2,216,700 people for main IBRD indicator, for IFC Indicator 1.2.1: Floor space that received previous IFC indicator: 17,300 people). post-design EDGE Preliminary Certification Indicator for IFC was changed to reflect (m2) operational design. Revised targets on track to be achieved by mid-FY25. IBRD Indicator 1.2.2: Number of On track World Bank indicator added reflecting affordable/green housing units supported by ongoing operation, IFC indicator achieved IBRD (Actual 2022 Status: 1.8 million) and IFC Indicator 1.2.2: Number of upgraded. affordable/green housing units supported by IFC invested housing finance companies and developers 44 Objective Status Remarks Indicator 1.2.3: GHG emissions expected to On track IFC Actual 2022 Status: 188,097 metric be reduced (metric tons/year) in cities tons/year. Changed to joint IBRD-IFC supported by IFC and IBRD indicator, various new Supplementary Progress Indicators added under Annex 2 to reflect new and ongoing operations for IBRD CPF Objective 1.3. Improve management On track systems for controlling air pollution Indicator 1.3.1: Number of AQM plans under On track Previous city level indicator achieved implementation on the state level supported (Actual 2022 Status: 21), new indicator by the World Bank added to reflect shift in AQM support from city to state-level. CPF Objective 1.4 Increase access to Partially sustainable energy achieved Indicator 1.4.1: Energy wheeled through On track Main indicator on track (Actual 2022 transmission system (GWh) Status: 88,000 GWh) and to be achieved by mid-FY25; one target lowered significantly to reflect actual targets of relevant operations. Indicator 1.4.2: Number of On track IFC indicator achieved (Actual 2022 Status: people/consumers reached through IFC 18.6 million); World Bank indicator not investments in Power Generation achievable as one of the operations did not deliver as expected. Target revised downward as no additional gain is expected. Lower target on track to be met. Indicator 1.4.3: Total generation capacity of On track Achieved for World Bank (Actual 2022 RE (MW) Status: 1365), on track for IFC as relevant operations are under construction. Indicator 1.4.4: GHG emissions expected to Achieved IBRD Actual 2022 Status: 17.1 million and be reduced (metric tons/year) IFC Actual 2022 Status 5.6 million; Target increased for mid-FY25. CPF Objective 1.5: Improve disaster risk On track management Indicator 1.5.1: Number of bridges On track Target of previous indicator achieved constructed or rehabilitated to resilient (Actual 2022 Status: 11,230 road km), standards to enhance connectivity or to indicator was revised to bridges to reflect provide escape routes new operations. Indicator 1.5.2: Proportion of the targeted On track One target downgraded (Actual 2022 coastal population covered by the early Status: 63%), one Supplementary Progress warning dissemination systems in 9 states Indicator dropped as the relevant World Bank operation was dropped. Focus Area 2: Enhancing Competitiveness and Enabling Job Creation 45 Objective Status Remarks CPF Objective 2.1. Improve the business On track environment and select firm capabilities Indicator 2.1.1: Number of business Achieved Achieved, but no change in target as no environment reforms implemented additional gain expected from operations. Indicator 2.1.2: Number of individual On track Target partially achieved (Actual 2022 enterprises accessing services at technology Status: 4,300), on track to be achieved by centers (annual) mid-FY25. CPF Objective 2.2. Increase resilience of the On track financial sector and financial inclusion Indicator 2.2.1: Number of people reached On track All targets on track to be achieved by mid- with financial services FY25 (Actual 2022 Status: 83 million) Indicator 2.2.2: Number of SMEs reached Achieved Target revised upward and on track to be with financial services achieved by mid-FY25 (Actual 2022 Status: 1.5 million (IFC)) Indicator 2.2.3: Value of funds released Achieved Targets overachieved (Actual 2022 Status: through improved insolvency and bankruptcy US$ 500 million) but no further gain resolution regime and programs expected. CPF Objective 2.3. Improve connectivity and On track logistics Indicator 2.3.1: Percentage of core rural road Achieved Targets overachieved (Actual 2022 Status: network in good condition 87%). Due to high maintenance requirements to keep roads in current conditions, the target remains to keep the original percentage target of roads in good condition and no further gains are expected despite ongoing operations. Indicator 2.3.2: Freight Traffic carried on On track One target revised downward to reflect EDFC 3 ability of operation to achieve outcomes (Actual 2022 Status: 6.1 billion net ton km per year), on track with revised target. Indicator 2.3.3: Number of multi-modal Achieved Actual 2022 Status: 14 under logistic centers established implementation, indicator to stay as this is implementation status. Indicator 2.3.4: People provided with access On track New indicator on digital connectivity to to the Internet reflect new operation. CPF Objective 2.4. Increase access to quality, On track market-relevant skills development Indicator 2.4.1: Number of trainees who have On track Partially achieved (Actual 2022 Status: successfully completed the National Skills 6.07 million) and on track to be achieved Qualification Framework (NSQF) aligned, by mid-FY25. market-relevant, short-term skills development programs and other nationally recognized programs and were certified, including female beneficiaries 46 Objective Status Remarks Indicator 2.4.2: Percentage increase in the On track Actual 2022 Status: 22 % for main number of graduates from ITIs that have indicator, thus achieved but no additional signed Performance Based Grant Agreements gains expected, supplementary progress under the STRIVE program indicators on track CPF Objective 2.5. Enabling access to more On track quality jobs for women Indicator 2.5.1: Number of IFC clients who On track On track for IFC investments (Actual 2022 achieve a 20% increase in jobs for women Status: 20) Indicator 2.5.2: Increased access to financial On track On track for IFC investments (Actual 2022 services for women and women- owned Status: US$4.4 billion), achieved for IBRD MSMEs (as measured by value of loans operations under Supplementary outstanding to women) Indicators. Focus Area 3: Investing in Human Capital CPF Objective 3.1. Enhance investment in Partially the early years of children’s development achieved Indicator 3.1.1: Percentage of children ages Achieved Achieved and no further gains expected as 6-23 months receiving age-appropriate relevant operations are closed (Actual 30 foods in selected districts 2022 Status: 6–8 months 60.4 % and 6–23 months 38.9%). Indicator 3.1.2: Number of Partially Targets partly achieved (Actual 2022 pregnant/lactating women (PLW) and achieved Status: 61,862; Of which female children children under 3 years with access to ICDS under 3 years: 12,099) but relevant services in selected districts operations closed. Indicator dropped. CPF Objective 3.2. Improve the quality of On track education in schools and colleges Indicator 3.2.1: Improvement in secondary On track Achieved indicator replaced with new school completion rate in selected states target reflecting new operations (Actual 2022 Status of previous indicator: All 6 states have shown improvements in their school completion rates with 65 out of 6 states meeting the endline target ahead of time, Himachal Pradesh 90.2%, Kerala 94.4%, Madhya Pradesh 75.462.6%, Maharashtra 85.1%, Odisha 93%, and Rajasthan 87%). Indicator 3.2.2: Percentage improvement in On track One indicator changed and on track to be lowest state score on national learning achieved by mid-FY25 (Actual 2022 Status: outcomes assessment (NAS Class 5 language First administration of national and mathematics, or equivalent) standardized assessment for grade 3 in language and baseline established for percentage of students achieving minimum proficiency in language in each selected state; the indicator has been 30 Receiving solid or semi-solid food and breastmilk for children ages 6–8 months; receiving foods from 4 or more food groups for children 6–23 months. 47 Objective Status Remarks revised). Supplementary indicator dropped. Indicator 3.2.3: Number of supported On track Indicators on track to be achieved by mid- institutes with UGC autonomy FY25 (Actual 2022 Status: 57). CPF Objective 3.3. Increase access to Partially Indicators under this objective have been improved rural water supply and sanitation achieved discontinued as operations closed. services Indicator 3.3.1: Number of people provided Partially Indicator dropped as relevant operations with access to improved water sources in achieved are closed (Actual 2022 Status: 8.35 focus states million). Indicator 3.3.2: Number of people provided Partially All contributing operations have closed (at with access to improved sanitation services in achieved Actual 2022 Status of 5.1 million people). focus states CPF Objective 3.4. Improve the quality of On track health service delivery and financing as well as access to quality healthcare Indicator 3.4.1: Number of Public Facilities On track Overachieved for one indicator (Actual with Quality Certification in selected states 2022 Status: 336), on track for Supplementary one. Targets revised to reflect additional potential. Indicator 3.4.2 Number of persons with On track Target revised upwards and on track for improved access to quality healthcare IFC (Actual 2022 Status: 24.05 million), services World Bank indicator to be dropped as not backed by relevant operation. Indicator 3.4.3: Percentage of High Risk Partially Main indicator achieved (The latest actual Groups receiving Anti-Retroviral Therapy achieved in 2022 was at 86 %), TB related (ART) supplementary indicator revised to reflect AF in pipeline. Indicator 3.4.4: TB Case Notification Rate Partially Main indicator only partially achieved but achieved revised downwards (Actual 2022 Status: 125 per 100,000), Indicator remains since AF for relevant operation is under preparation. CPF Objective 3.5. Improve the coverage and On track coordination of social protection systems Indicator 3.5.1: Share of Poor (Bottom 40%) Achieved Targets achieved (Actual 2022 Status: of Households covered by any social safety 73.1%) and revised upward for remainder net program increased in target districts of CPF period. Indicator 3.5.2: Share of Households covered On track On track (Actual 2022 Status: 21.5%) with by any government insurance program ongoing and new operations. increased in target districts Indicator 3.5.3: Share of cash-based SP On track On track (Actual 2022 Status: 46 %) with programs integrated onto the DBT platform ongoing and new operations. in targeted states 48