Asian Development Bank retains India's 2024-25 growth forecast at 7%
New Delhi/IBNS: The Asian Development Bank (ADB) has retained India's growth forecast at 7 percent for the current fiscal year (FY25), with expectations of an accelerated growth rate of 7.2 percent in FY26, according to a report released on Wednesday (Sept. 25).
ADB retains India's growth forecast at 7 per cent for fiscal year 2024
In its latest development outlook, the Asian Development Bank has kept India's economic growth forecast unchanged at 7 percent for the fiscal year 2024.
ADB retains India's FY25 growth at 7%
New Delhi: The Asian Development Bank (ADB) on Wednesday maintained its GDP growth forecast for India at 7 percent for the current financial year, anticipating a rebound in agriculture due to above-normal monsoon projections, according to media reports.
Pakistan's economic outlook uncertain amid political instability: ADB report
Islamabad: The Asian Development Bank (ADB) on Thursday said that Pakistan's economic outlook is uncertain, with significant downside risks due to current political instability, media reported.
New Delhi: The government on Friday signed an agreement with the Asian Development Bank (ADB) to avail of a USD 100 million loan to improve urban services and tourism facilities in the northeastern state of Tripura.
Indian Govt, ADB sign $141.12 million loan for industrial corridor development in Andhra Pradesh
New Delhi: The Asian Development Bank (ADB) and the Centre have signed a $141.12 million loan to support the development of high-quality internal infrastructure such as roads, water supply systems, and electricity distribution networks in three industrial clusters in Andhra Pradesh.
ADB approves $300 million loan to improve roads, regional trade in Assam
Manila: The Asian Development Bank (ADB) recently approved a $300 million loan to upgrade more than 300 kilometers of state highways and major district roads in Assam, including six road sections in the state’s western, central, and southern regions.
New Delhi/IBNS: The Indian government and Asian Development Bank (ADB) Tuesday signed a $125 million loan to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in Tamil Nadu.
India signs 300 million loan agreement with ADB to improve health care in 13 states
New Delhi/IBNS: The government of India and the Asian Development Bank (ADB) have signed a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas of 13 states that will benefit over 256 million urban dwellers including 51 million from slum areas, a statement said on Wednesday.
India signs $1.5 billion loan with ADB to support India’s COVID-19 immediate response
New Delhi/IBNS: The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.
India's growth to slow to 4 percent in FY2020, recover to 6.2% in FY2021
Manila/IBNS: The Asian Development Bank (ADB) projects India’s gross domestic product (GDP) will slow to 4.0% in fiscal year (FY) 2020 ending on 31 March 2021 due to a weak global environment and continued efforts to contain the novel coronavirus (COVID-19) outbreak in the country. The forecast assumes that the pandemic dissipates and full economic activity resumes from the second quarter of FY2020.
Indian economy to grow 6.5% in FY2019, 7.2% in FY2020: ADB
Tokyo: The Asian Development Bank (ADB) has revised its outlook for India’s economy, with growth now expected at 6.5% in fiscal year (FY) 2019, following weaker expansion in the first quarter of the year with slower growth in consumption and investment affecting the manufacturing and service sectors.
India's GDP to grow at 7.2pc in 2019, says ADB
New Delhi, Apr 3 (UNI) The Asian Development Bank (ADB) on Wednesday projected India’s GDP to grow at 7.2 per cent in 2019 and 7.3 per cent in 2020 due to stronger consumption, lower policy interest rates and income support to farmers.
ADB supports Pakistan in accelerating urban projects with new financing instrument
Manila, Mar 20 (Xinhua/UNI) The Asian Development Bank (ADB) said on Wednesday that it has approved 9 million U.S. dollars in project readiness financing (PRF) to support the preparation and design of urban sector projects in Khyber Pakhtunkhwa (KPK), which will support the government of Pakistan in accelerating the delivery of critical infrastructure in the rapidly urbanizing province.
New Delhi, Feb 23 (IBNS): The Government of India and The Asian Development Bank (ADB) signed a $84 million loan today for improvement and expansion of water supply in Bhagalpur and Gaya towns in Bihar.