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 president Masatsugu Asakawa meets PM Modi, proposes $25 billion for India's development projects

New Delhi/IBNS: Asian Development Bank President Masatsugu Asakawa on Tuesday met Prime Minister Narendra Modi and conveyed ADB's intention to provide $20-25 billion resources over five years to advance India's aspirations for fast, inclusive, and green growth.

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.

ADB announces $6.5 billion initial response to COVID-19 pandemic

Manila/IBNS: The Asian Development Bank (ADB) today announced a $6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the novel coronavirus (COVID-19) pandemic.

India, ADB sign $200 million loan to improve rural connectivity in Maharashtra

New Delhi, Sept 9 (IBNS): The Asian Development Bank (ADB) and the Government of India today signed a $200 million loan to upgrade rural roads to all-weather standards in 34 districts of Maharashtra State to improve road safety and better connect rural areas with markets and services.