Asian Development Bank

Asian Development Bank News

In economic growth, Bangladesh leads S Asian pack, says ADB

Since 2016, Bangladesh has been growing at 7%-plus every year, and its growth is likely to cross the 8% mark both in this and the coming year, according to the report.

ADB lowers India’s growth projection for FY20 to 7.2 per cent

This growth will reverse two years of declining trend as reforms to improve the business and investment climate take effect, the ADO said.

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Electric vehicle infra policy soon; individual can set up charging station for commercial use: R K Singh

EV charging infrastructure is required to boost EVs in the country. India intends to have a sizeable share of EVs in the vehicle strength by 2030, which is in line with its commitment to reduce emission intensity by one third from the level of 2005.

Rs 8 Crore Restoration: Shimla Town Hall comes alive again

State tourism department, which had taken the task of conservation in its hand with funding from Asian Development Bank, says this is a gift to the citizens and going to be an attraction for tourists taking an evening stroll on the Mall Road.

Need policies to shield workers from job losses due to newer technologies: ADB President

The Asian Development Bank (ADB) is formulating its long-term 'strategy 2030' to deal with climate change and gender issues as well as the impact of technology on jobs. The strategy paper would be discussed by the bank's board later this week.

India to grow at 7.3 per cent in 2018-19, says Asian Development Bank

The Indian economy grew 6.6 per cent in the last fiscal due to lingering effects of demonetisation in 2016, businesses adjusting to goods and services tax (GST) in 2017, and a subdued agriculture.

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Asian Development Bank slashes India growth forecast for 2017-18 to 6.7% from 7%

The downgrade in projection comes weeks after Indian economy reversed a five-quarter slide in GDP growth to clock a 6.3 per cent expansion in July-September.

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

In its 'Asian Development Outlook 2017 Update', the Manila-based multilateral lending agency had reduced India's GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent owing to weakness in private consumption, manufacturing output and business investment.

130 million people in South Asia at risk of being displaced by the end of century: Study

Unabated climate change could severely affect the future growth of these countries, reverse current development gains, and degrade quality of life, the report by the Asian Development Bank (ADB) and the Potsdam Institute for Climate Impact Research (PIK) claimed.

With ADB aid, India to develop regional infra projects of $5 bn: Shaktikanta Das

One of the projects is to connect India with Bangladesh, Nepal and Bhutan via North Bengal.

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