Amid escalating tensions in West Asia, the Asian Development Bank (ADB) said in a report that economic growth across Asia is likely to slow, even if oil prices stabilise in the coming months.
Announcing this in the Legislative Assembly, Telangana Chief Minister A Revanth Reddy said the MLAs will be given a PowerPoint presentation after the detailed project report (DPR) gets finalised.
The revision was driven primarily by robust domestic consumption supported by recent tax cuts.
Officials of the State’s Housing and Urban Development Department (H & UD) on Tuesday held a detailed discussion with a delegation of ADB to ensure faster, smarter, and more transparent implementation of urban initiatives.
Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance was the signatory authority for the Government of India, and Kai Wei Yeo, Officer-in-Charge, India Resident Mission, represented ADB.
The Asian Development Bank (ADB) on Wednesday lowered India's growth forecast for FY26 to 6.5 per cent from earlier 6.7 per cent on account of trade uncertainty and higher US tariffs that are expected to impact exports and investment.
India has strongly criticised the Asian Development Bank’s (ADB) approval of an $800 million financing package for Pakistan, voicing serious concerns about potential misuse of development funds for military expenditure and raising questions about Pakistan’s commitment to economic reforms.
Prime Minister Narendra Modi on Sunday met Asian Development Bank (ADB) President Masato Kanda and discussed with him a wide range of issues including ADB's support for Viksit Bharat 2047.
Union Finance Minister Nirmala Sitharaman on Monday met her Italian counterpart Giancarlo Giorgetti, on the sidelines of the 58th ADB Annual Meeting in the Italian city of Milan and explored ways to strengthen India-Italy economic ties and enhance cooperation in global and multilateral platforms on issues of mutual interest.
Sitharaman is currently in Milan to attend the four-day long 58th annual meeting of the Board of Governors of Asian Development Bank (ADB).
