Neelkanth Mishra Appointed as India's Executive Director at World Bank

The Government of India has appointed Neelkanth Mishra as India's next Executive Director at the World Bank in Washington, D.C. Approved by the Appointments Committee of the Cabinet, he will serve a three-year term and represent the South Asian constituency comprising India, Bangladesh, Bhutan, and Sri Lanka. He succeeds Parameswaran Iyer. Currently serving as Chief Economist at Axis Bank and a member of the Economic Advisory Council to the Prime Minister, Mishra is a noted economist with extensive experience in economic policy, financial markets, and research, including nearly two decades of analytical work. The World Bank Executive Director position is crucial for representing India's interests in global development financing and policy decisions. India is a significant member of the World Bank Group, being both a borrower and contributor. This appointment comes at a time when India is playing an increasingly important role in global economic governance through G20 presidency and BRICS leadership.