Saturday, Dec 03, 2022



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

September 21, 2022 11:20 am

India's economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, reflecting strong growth in services, ADB said in a supplement to its flagship ADO report on Wednesday.

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

July 20, 2021 11:03 am

On South Asia, ADB said the economic outlook for the subregion is dampened by new waves of COVID-19 hitting the subregion from March to June 2021.

India's GDP to grow at 11% this fiscal, surge in COVID cases may put economic recovery at risk: ADB

April 28, 2021 11:30 am

However, the Asian Development Bank (ADB) cautioned that the surge in COVID-19 cases may put the country's economic recovery at risk.

Indian economy to shrink 9% in FY21, says ADB

September 15, 2020 12:52 pm

In its Asian Development Outlook (ADO) 2020 Update, ADB forecasts a strong recovery for the economy in FY2021, with gross domestic product (GDP) growing by 8 per cent as mobility and business activities resume more widely.

ADB approves $1.5 bn loan to India to help fund its fight against Covid-19

April 28, 2020 8:23 pm

ADP President Masatsugu Asakawa said that the bank is fully committed to supporting the Indian government in its response to this unprecedented challenge

With $2.2 bn immediate assistance, ADB chief assures FM of support

April 11, 2020 12:47 am

ADB president Masatsugu Asakawa said the policy measures announced by the government will provide much-needed relief and stimulus to the most vulnerable people as well as businesses, and become a basis for faster recovery.

ADB assures $2.2 billion support package to India for coronavirus response

April 10, 2020 2:00 pm

Weakening global economic growth is causing disruptions in India's trade and manufacturing supply chains, along with the slowdown in tourism and other economic activities.

ADB trims India's GDP growth forecast to 5.1% in FY20

December 11, 2019 12:41 pm

ADB said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.

ADB approves loan, MMRDA invites bids for rolling stock

April 20, 2018 2:04 am

The ADB will provide a loan of Rs 7,396.5 crore, while the NDB will provide Rs 2,347.5 crore for rolling stock, signalling and telecommunication, power supply, tractions, Platform Screen Doors, Automatic Fare Collection machines, lifts and escalators for the three corridors.

Asian Development Bank to provide $152 million to Nepal to enhance power transmission

September 10, 2017 8:48 pm

The loan would be utilised in the implementation of South Asia Subregional Economic Cooperation's (SASEC) customs reforms and modernisation for trade facilitation programme.