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Sunday, September 26, 2021

Asian Development Bank

ASIAN DEVELOPMENT BANK NEWS

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, govt ink $500-mn loan pact for Delhi-Meerut corridor

September 09, 2020 12:41 am

This is the first tranche of a total $1 billion facility, which will support construction of the first of three priority rail corridors planned under the NCR Regional Plan 2021 to connect Delhi to other cities in adjoining states.

Covid response: External lenders commit $6.5 billion, five times the Budget estimate

August 31, 2020 9:49 am

Much of this funding is being frontloaded for disbursal in the current year as an emergency response to the impact of the pandemic; some of the loan will likely come in 2021-22, government sources said.

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.

Global cost of coronavirus may reach $4.1 trillion, says ADB

April 03, 2020 11:57 am

A shorter containment period could limit the damage to $2 trillion, or 2.3 per cent of world output, the Manila-based lender said in its Asian Development Outlook report released Friday.

Asian Development Bank to invest $100 million in Indian infrastructure sector via NIIF

March 30, 2020 11:33 am

The investment announcement comes at a critical time for India, as the already sagging economic growth is feared to be taking a heavy hit due to the coronavirus pandemic.

Tourism project in Himachal hills scales new high, brings jobs, visitors

January 19, 2020 6:57 am

The Community-Based tourism project is the brainchild of Ankit Sood, 46, a former professor of tourism at the government college in Kullu who first pitched the idea to a visiting team from the Bank.

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.