Tag: ADB
15 Results
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ADB expects India’s economy to contract 9% in 2020-21; Projects recovery in next fiscal
The ADB expects that the inflation to fall in the remainder of FY2020 to 4.5 per cent with tamed food prices and decreased economic activity.
September 15, 2020 -
ADB forecasts developing Asian economies in recession in ’20
The report said that China, where the pandemic began, has already begun to recover and will see its economy grow 1.8% this year and 7.7% in 2021.
September 15, 2020 -
ADB, India sign $177 million loan to upgrade roads in Maharashtra
The project will also focus on training the Maharashtra Public Works Department project staff to build their capacity in climate change adaptation and disaster-resilient features in road design, road maintenance planning and road safety.
May 28, 2020 -
ADB approves $1.5 billion loan to India to support its fight against COVID-19 crisis
The loan amount will focus 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.
April 28, 2020 -
ADB to give Rs 1,540 cr for Tripura power projects
Tripura State Electricity Corporation Limited (TSECL) Chairman and Managing Director Murhari Sopanrao Kele said the ADB would provide 80 per cent of the Rs 1,925 crore ($275 million) Tripura power generation upgradation and distribution reliability improvement projects.
July 18, 2019 -
ADB cuts India’s GDP growth forecast to 7 per cent for FY20
Overall, the South Asian outlook remains robust, with growth projected at 6.6% in 2019 and 6.7% in 2020.
July 18, 2019 -
India fastest growing economy in Asia; on track to meet FY18 target: ADB
The ADO published in April said that India's economic growth will rise to 7.3 per cent this fiscal and further to 7.6 per cent in the next financial year
July 19, 2018 -
ADB projects 7.4pc growth for India in 2017
The Asian Development Bank on Thursday predicted Asia's economy to expand faster in 2017; South Asia to remain the fastest growing of all sub-regions and India to achieve a 7.4 per cent growth due to strong consumption. In its latest report, the ADB projected a 5.9 per cent growth for the developing Asian economy riding …
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July 20, 2017 -
ADB to provide $275 mn loan for water supply project in MP
Asian Development Bank will provide $275 million loan for a piped water supply project for rapidly urbanising small towns, covering 3 lakh households, in Madhya Pradesh. The state government will provide a $124 million counterpart support for the project which is estimated to be completed by June 2022, ADB said. The loan agreement for $275 …
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June 20, 2017 -
Call for nationwide protests against ADB’s projects in India
While the Asian Development Bank celebrated its 50th year of its inception in Japan, thousands of people in over 21 states in India, protested against the policies and projects of the ADB. "The protests in the past week are an outpouring sentiments against the policies and projects of ADB and other IFIs, which displaces people …
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May 8, 2017 -
ADB to expand lending in Asia by 50% by 2020
The ADB has come a long way since it first started operations in 1966. At the time of its establishment, Asia was mired in poverty, with per capita income standing at about $100 — the lowest in the world. The 50th annual meeting of the Asian Development Bank (ADB) began in the Japanese city of …
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May 6, 2017 -
Infrastructure investment to boost in Pakistan: ADB
The upgrade of Pakistan's infrastructure will attract direct investment from abroad, including industries in China which seek lower-cost locations, the Asian Development Bank has said. According to an ADB report on Sunday, the China-Pakistan Economic Corridor (CPEC) will significantly address Pakistan's infrastructure deficit. The country's annual spending on infrastructure is only two-three per cent of …
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April 10, 2017 -
India to grow more than China: ADB report
The Asian Development Bank's latest global projections has put India’s economic growth a few notches above China’s with the former poised to register a gross domestic product (GDP) of 7.4 per cent in 2016-17 and 7.6 per cent for financial year 2017-2018. The Asia Development Outlook (ADO) 2017 report released here today, however, said the …
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April 6, 2017 -
Nepal economy to grow 6.2% in FY17: ADB
The Asian Development Bank (ADB) has projected that Nepal's economy could grow 6.2 per cent in the fiscal year 2016-17. The ADB on Tuesday attributed the growth to a bumper agricultural output, possibility of a pick-up in post-earthquake reconstruction and an improving investment climate, Xinhua news agency reported. In its half-yearly "Macro-Economic Update Report", the …
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March 29, 2017 -
‘Demand, milestone reforms to sustain India’s growth’
India’s economy will remain on a strong growth path this fiscal and clock a growth of 7.4 per cent aided by implementation of key structural reforms, robust consumer demand and higher agricultural output driven by a good monsoon, predicted an ADB study. Despite moderation in the first quarter of 2016-17, forecast for growth is retained …
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September 27, 2016