India is IFC's largest country with an investment portfolio of $6.1 billion, which is 11% of the global committed portfolio.

Many milestones were crossed in the year: Investments in infrastructure crossed $1 billion for the first time, and climate-related investments, too, crossed $1 billion to touch a record high. Besides, IFC's work in the area of distressed assets has the potential to address 12 percent to 15 percent of India's non-performing assets.

"As we complete six decades in India, we continue to believe in the country's fundamentals and want to spur growth that is inclusive, sustainable, and fast," said Mengistu Alemayehu, Director, South Asia, IFC.

In addition to the investments, IFC's advisory teams worked with several arms of the government at the Centre and in states to address key issues. IFC's public-private-partnership (PPP) team led pathbreaking solutions for renewable energy storage, cleaning the Ganga, structuring innovative transactions for renewable energy, and much more.

"We will continue to play a pioneering role in India, resolving the remaining challenges of inclusion and access by providing sustainable private-sector solutions," said Alemayehu.

India is IFC's largest country with an investment portfolio of $6.1 billion, which is 11% of the global committed portfolio. India is also IFC's largest equity exposure, and the largest advisory client.

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