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Indian economy growth

21 Sep 2022

ADB cuts India's GDP growth forecast for FY23 to 7 % on high inflation

Asian Development Bank (ADB) has slashed India's economic growth projection for 2022-23. GDP growth is revised down from ADO 2022's forecasts to 7 per cent for FY2022. ADB expects the Chinese economy to expand by 3.3 per cent in 2022 rather than the 5 per cent forecast earlier.

18 Aug 2020

Ashok Lavasa resigns as Election Commissioner, to join ADB as vice-president

Election Commissioner Ashok Lavasa, who was next in line to head the poll panel, resigned on Tuesday. He will join the Philippines-based Asian Development Bank (ADB) as vice-president in September. Lavasa would have retired as the Chief Election Commissioner (CEC) in October 2022.

28 Apr 2020

ADB approves $1.5 bn loan to India to fight COVID-19 pandemic

ADB is fully committed to supporting the Government of India in its response to this unprecedented challenge, ADB President Masatsugu Asakawa said.

Asia Infrastructure Investment Bank

13 Jun 2019

China led AIIB could overtake ADB as major financier of infra projects:Experts

With China continuing its financial assertiveness across the globe through its various infrastructure projects like the One Belt One Road (OBOR) strategic initiative, the AIIB funding is the logical next step for them, the experts opined.

03 Apr 2019

India set to grow at 7.2% this fiscal on rising consumption: ADB

India is expected to rebound to 7.2 percent in 2019 and 7.3 percent in 2020.

17 Jan 2019

Sri Lankan President signs 3 loan agreements with ADB

Sirisena signed the agreements during his first tour to the ADB headquarters while conducting a five-day state visit to the Philippines.

11 Jan 2019

ADB to scale up India lending to $4.5 bn in 2019

ADB committed USD 3.03 billion in sovereign loans to India in 2018, the highest ever annual lending commitment, he said, adding that USD 557 million loan was for the private sector.

Asian Development Bank

12 Dec 2018

ADB signs $31 mn loan agreement to develop tourism, boost jobs in TN

The activities under the project would also boost economic opportunities for the local people.

Asian Development Bank

12 Dec 2018

ADB retains Indian growth forecast at 7.3% for FY19

India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output, ADB said in its Asian Development Bank Outlook Supplement.

Asian Development Bank

27 Nov 2018

ADB to lend $75 million for 24-hour water supply in Karnataka towns

The project finances would be used to, among others, augment water treatment production capacity by about 16 millions liters per day.

19 Jul 2018

Ahead of China, India to remain fastest growing economy in FY19 and FY20: ADB

India will continue to be the world's fastest-growing major economy, ahead of China, with 7.3 percent growth rate in 2018-19 and 7.6 percent in 2019-20, the Asian Development Bank (ADB) said today.

India's economic growth

11 Apr 2018

India to grow 7.3% this fiscal, 7.6% in next: ADB

The ADB's growth projection of 7.3 percent this fiscal is in line with that of rating agency Fitch, but a tad lower than RBI's forecast of 7.4 percent.

Sarbananda Sonowal

04 Feb 2018

Assam keen to start flights to ASEAN countries, says CM Sonowal

He also urged ASEAN countries to set up consulates in Guwahati, besides boosting economic ties.

Asian Development Bank

26 Sep 2017

ADB trims India growth forecast to 7% for current year

Developing Asia is expected to grow by 5.9 and 5.8 percent in 2017 and 2018, respectively, the Manila-based lender said.

Asian Development Bank

15 Sep 2017

ADB, IndusInd Bank partner to provide finance to women borrowers

The seven-year senior loan will go toward IndusInd Bank`s microfinance activities.

Asian Development Bank

18 Jun 2017

Natural calamities in Asia, Pacific threat to infra: ADB

Asia and Pacific countries, including India, Sri Lanka and Bangladesh, need to thwart challenges posed by natural calamities that have been taking toll on their infrastructure, ADB has said.

07 May 2017

Jaitley invites Japanese firms to manufacture in India

Finance Minister Arun Jaitley has invited Japanese companies to set up manufacturing facilities in India to produce `rolling stock` for Metro rail projects.

Asian Development Bank

07 May 2017

Give primacy to views of developing nations: FM Jaitley to ADB

Finance Minister Arun Jaitley on Sunday asked Asian Development Bank (ADB) to ensure primacy is accorded to views of developing countries in operations of the multilateral lending agency.

06 May 2017

Arun Jaitley, Pakistan counterpart lock horns over China's 'One Belt, One Road' proposal

Indian Finance Minister Arun Jaitley and his Pakistan counterpart Ishaq Dar exchanged cold vibes over China's 'One Belt, One Road'(OBOR) proposal during a round table discussion on Asia's economic outlook organized by the Asian Development Bank.

06 May 2017

Jaitley rules out any surprise in GST rates on roll-out

Finance Minister Arun Jaitley ruled out any surprises in the tax rates in the Goods and Services Tax (GST) that is proposed to be rolled out on July 1 and also asserted that there will be no cascading in goods and commodities, which can even see tax rates coming down a little.

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