Adb: Latest News and Updates, Top Stories, Videos, Photos About Adb

Mio Oka Takes Charge as ADBs New Country Director for India

The Asian Development Bank (ADB) has appointed Mio Oka as its new Country Director for India, succeeding Takeo Konishi. Oka will oversee ADB operations in India and foster relations with the government and other development partners....

ADB Cuts India's GDP Growth Forecast To 6.3% For This Year; Sees Inflation At 5.5%

The Asian Development Bank (ADB) has lowered its GDP growth forecast for India by 1 percentage point to 6.3% for 2023 compared to the previous 6.4%. Despite trimming the economy's growth rate, ADF still sees India driving South Asia to becoming ...

ADB Retains India's Growth Forecast At 6.4% For Current Fiscal On Robust Domestic Demand

The Asian Development Bank (ADB) on Wednesday, July 19, 2023, retained India's economic growth forecast at 6.4% for the current financial year and 6.7% for the next, saying strong domestic demand will continue to support the region's recovery, according to a ...

ADB Slashes India's FY23 GDP Forecast To 7.2%

Asian Development Bank (ADB) on Thursday trimmed India's economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures. India, however, will continue to surpass ...

India To Grow At 7.5 Pc, In FY23 On Strong Investment, To Rise To 8 Pc Next Fiscal: ADB

India is likely to maintain its position as the fastest-growing major economy with the ADB outlook projecting a growth rate of 7.5 per cent for 2022-23 on strong investment prospects against 5 per cent for China in January-December 2022. ...

Developing Asia to Contract 0.4% in 2020: ADB

Economic activity in developing Asia is forecast to contract by 0.4% this year, before picking up to 6.8% in 2021 as the region moves toward recovery from the effects of the coronavirus disease (COVID-19) pandemic, according to a report released by ...

COVID-19 Could Wipe Off $4.1 Trillion From World's Economy, Warns ADB

On Friday, the Asian Development Bank said that the coronavirus pandemic could cost the global economy $4.1 trillion as it ravages the US, Europe and other major economies. The estimated impact is equivalent to nearly five percent of worldwide output based ...

India Fastest Growing Economy In Asia; To Reach FY18 Target: ADB Report

Despite the fact that fresh trade tensions in Asia and Pacific region are brewing, India has sustained the momentum for South Asia to be the fastest growing economic area as per the new report by Asian Development Bank (ADB). A ...

How global institutions are busy lowering India's growth rates?

While government officials are sounding buoyant on India's economic recovery, some of the reputed global institutions including the IMF, World Bank, Asian Development Bank and others are busy cutting India's growth rates. Take a look at some of the predictions on ...

Financing a high current account deficit a challenge: ADB

Financing India's high current account deficit will be a challenge in an environment of global uncertainty and sluggish domestic growth, the ADB's latest Asian Development Outlook 2013, has said. "Between FY2008 and FY2012, cumulative net capital flows have fallen short ...

Adb News