As an expert in international finance and development economics, I can provide you with a comprehensive understanding of India's debt situation in relation to the World Bank. However, it is important to clarify that the figure you mentioned, which is $102.1 billion as of July 21, 2015, may not reflect the current debt status due to repayments, new loans, and other financial transactions that have occurred since that date.

India has been a significant borrower from the World Bank, utilizing these funds for various development projects aimed at reducing poverty, improving infrastructure, and promoting sustainable economic growth. The World Bank's lending to India is typically in the form of loans from the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), the latter of which provides interest-free credits and grants to the poorest countries.

To get an accurate and updated figure for India's debt to the World Bank, one would need to refer to the most recent financial statements and reports published by the World Bank or the Reserve Bank of India, which maintains records of the country's external debts. These reports would include details of disbursed loans, repayments, interest rates, and the maturity profile of the debt.

It is also crucial to understand that the debt figures are subject to change due to several factors, including but not limited to:


1. Repayments: As India repays its loans, the outstanding debt amount decreases.

2. New Loans: If India takes new loans from the World Bank, the debt amount increases.

3. Exchange Rates: Fluctuations in exchange rates can affect the value of the debt when converted to other currencies.

4. Rescheduling and Debt Relief: Sometimes, debt may be rescheduled or forgiven, which would also impact the total debt figure.

When considering the significance of India's debt to the World Bank, it is helpful to look at it in the context of the country's overall debt profile, including domestic debt and debt from other sources. It is also important to consider the purpose of the loans and the impact they have on the country's development.

In conclusion, while the figure of $102.1 billion gives us a historical snapshot, the current debt figure would require the latest data from authoritative sources. It is always advisable for anyone seeking the most current information on India's debt to the World Bank to refer to the latest official reports and financial statements.

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India is the largest recipient of loans from the World Bank, amounting to $102.1 billion, between 1945 and 2015 (as on July 21, 2015), according to the Bank's lending report.read more >>