Weak Global Demand, Geopolitical Tensions Could Hurt The Economy: ADB India Head
New Delhi: India's economic performance remains robust, but weak demand in advanced economies could hit export growth, while disruptions to oil sup
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New Delhi: India's economic performance remains robust, but weak demand in advanced economies could hit export growth, while disruptions to oil sup
ADB also extended USD 23.53 million in technical assistance and USD 4.1 million in grants under the sovereign portfolio.
In 2023, the Asian Development Bank (ADB) committed USD 2.6 billion in sovereign lending to India to support urban development, industrial corridors, power sector reforms, and climate resilience. Additionally, ADB provided technical assistance and grants, focusing on infrastructure, green growth, and inclusive economic transformation.
The Asian Development Bank has once again affirmed its support to India stating it will continue to focus on projects and programs that accelerate India str
The growth estimates for the current fiscal is lower than 7.6 per cent estimated GDP expansion in 2022-23 fiscal. Strong investment drove GDP growth in the 2022-23 fiscal as consumption was muted, ADB said.