Vedanta boss Anil Agarwal hails World Bank President Ajay Banga's simple but powerful 3-point plan to create jobs

Vedanta Chairman Anil Agarwal on Monday shared powerful insights on poverty and job creation, drawing inspiration from an interview of World Bank President Ajay Banga.

In a post on X (formerly Twitter), Agarwal stressed that poverty is not just a financial condition but also a mental state, and the true solution lies in creating meaningful jobs.

“Poverty is both a state of being and a state of mind, and the only way to tackle it is through a job, which provides both earnings and dignity,” Agarwal wrote.

What drives job creation?
Agarwal echoed Banga’s view that job creation depends on three key factors:

Strong infrastructure

Clear, supportive policies (especially concerning land and labour)

A thriving private sector

Poverty is both a state of being and a state of mind, and the only way to tackle it is through a job, which provides both earnings and dignity.

I recommend this interview of World Bank President Ajay Banga to all professionals and policymakers for many such sharp insights. He…

— Anil Agarwal (@AnilAgarwal_Ved) May 19, 2025

According to Banga, while governments can support the ecosystem, it’s the private sector that actually creates jobs.

Another point that impressed Agarwal was Banga’s commitment to empowering 80 million women by improving their access to equity. This, Banga believes, will help more women become successful entrepreneurs and help drive economic growth.

“Empowering women and youth is the key to a poverty-free and prosperous world,” Agarwal noted.

He also expressed pride in seeing someone of Indian origin like Ajay Banga leading a global institution like the World Bank with such clarity of purpose.