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ADB News

11 Apr 2024

ADB Raises India's GDP Growth Forecast For FY25 To 7%

The ADB's growth forecast for FY25 is in line with the projections made by the Reserve Bank of India (RBI).

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.

covid-19 pandemic

16 Mar 2022

COVID-19 pandemic sends 4.7mn more people into extreme poverty in SE Asia: ADB

The number of people in extreme poverty - defined as those living on less than $1.90 a day - was 24.3 million last year, or 3.7% of Southeast Asia`s collective 650 million population, the ADB said in a report.

IIFL Home Finance

21 Feb 2022

IIFL Home to get Rs 500 cr loan from ADB for lending to lower-income women

ADB said women often find it difficult to obtain mortgage loans in India. The CFPS loan will support IIFL's green housing portfolio, specifically towards incentivizing developers to adopt green certification standards in building affordable housing. Lack of property ownership contributes to the low social status of women, their vulnerability to poverty, and low bargaining power within households, ADB said further.

20 Jul 2021

ADB lowers India's economic growth forecast for this fiscal to 10%

ADB has downgraded India's economic growth forecast. It had forcast 11% growth in April. GDP growth recovered to 1.6% in last quarter.

17 Jun 2019

Deshhit: Pakistan in big trouble with FATF, fails to complete FATF points

Pakistan has failed to complete 25 of the 27 action points given by the international terror financing watchdog FATF to check funding to terrorist groups such as LeT and JeM and frontal groups like Jamat-ud-Dawah and Falah-e-Insaniat Foundation.

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

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.

26 Sep 2018

India's economy continues on robust growth path: ADB

Growth remains stable across most of developing Asia due to robust domestic demand, buoyant oil and gas prices and a consolidation of India's growth rebound, it said.

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.

19 Jul 2018

India fastest growing economy in Asia; on track to meet FY18 target: ADB

ADO published in April had said that India's economic growth will rise to 7.3 percent this fiscal and further to 7.6 percent in the next financial year

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.

13 Dec 2017

ADB lowers India's GDP forecast for FY-18 to 6.7%

India rebounded to 6.3 percent growth in the second quarter ended in September for this fiscal.

26 Sep 2017

Scope for RBI rate cut; fiscal stimulus 'less likely': ADB

The committee is scheduled to come out with next bi-monthly monetary policy decision on October 4.

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.

India's economic growth

20 Jul 2017

India on track to grow at 7.4% in 2017: ADB report

India is expected to achieve the projected growth rate of 7.4 percent in 2017 and further up 7.6 percent next year on strong consumption demand, with South Asia leading the growth chart in Asia and the Pacific, an ADB supplement report said on Thursday.

Asian Development Bank

04 May 2017

Indian market should be more deregulated, FDI friendly: ADB

The Asian Development Bank (ADB) today lauded Prime Minister Narendra Modi's effort of integrating indirect taxes through the GST, even as it wants the Indian market to be more "deregulated" and FDI friendly to realise the true potential.

Asian Development Bank

25 Apr 2017

ADB lending hits record high

The Asian Development Bank (ADB) operations exceeded the $30 billion mark for the first time in its 50-year history as regional demand for development finance and knowledge continues to grow, a report said on Tuesday.

Asian Development Bank

06 Apr 2017

India's growth to accelerate to 7.4% in 2017-18: ADB

The Asian Development Bank (ADB) on Thursday said that India's growth rate will improve to 7.4 percent during 2017-18 and go up further to 7.6 percent in the next fiscal, remaining ahead of China.

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