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Thursday, Apr 18, 2024 | Last Update : 10:08 PM IST

Coronavirus could inflict up to $8.8 trillion losses in global economy, says ADB

The impact on south Asian gross domestic product (GDP) will be to the tune of $142-218 billion

15 May 2020 12:55 PM

ADB expects India's economic growth to slow down to 4%. (Photo- PTI)

ADB expects India's economic growth to slow down to 4 pc in FY21

After a disappointing 2019, growth in the region (Asia and Pacific) is expected to slow sharply to 2.2 per cent in 2020

03 Apr 2020 10:58 AM

Developing Asia, a group of 45 countries across Asia and the Pacific, will likely grow 5.4 per cent this year and 5.5 per cent next year, down from the 5.7 per cent and 5.6 per cent growth forecast in July, the ADB said.

Trade tensions darken growth outlook for developing Asia: ADB

Growth in the region was 5.9 per cent in 2018.

25 Sep 2019 12:33 PM

The new president will be elected in accordance with an open, transparent and merit-based procedure.

ADB President Takehiko Nakao resigns

Takehiko also emphasized ADB must continue to be an important centre for fostering cooperation and friendship among countries.

17 Sep 2019 1:27 PM

India is expected to grow by 7 per cent in 2019 (FY20) and 7.2 per cent in 2020 (FY21), slightly slower than projected in April because the fiscal 2018 outturn fell short, said ADB.

ADB cuts India's GDP growth forecast to 7 pc for FY20; fastest growing major economy tag remains

For the south Asia, ADB said outlook remains robust, with growth projected at 6.6 per cent in 2019 and 6.7 per cent in 2020.

18 Jul 2019 9:51 AM

Union Minister Nitin Gadkari. (Photo: ANI)

Govt plans to develop Alibaba-like portal for Indian MSMEs: Gadkari

PM Modi's dream of making India a USD 5 trillion economy can only be fulfilled by ensuring the growth of MSME sector.

28 Jun 2019 9:23 AM

Economic Affairs Secretary Subhash Chandra Garg said that ADB has played a pivotal role in helping member countries change their developmental landscape all these years.

ADB should expand private sector operations: Subhash Chandra Garg

Economic Affairs Secy said there is a need for ADB to focus on strengthening human capital and develop social safety nets.

04 May 2019 4:23 PM

Innovation in financing will be the key to success of long-term growth strategy, Economic Affairs Secretary Subhash Chandra Garg said while addressing the Board of Governors of Asian Development Bank (ADB) in Fiji. (Photo: File | AFP)

India for ADB-led mechanism for channeling funds from rich to developing nations

Amidst the continued global uncertainty, Asia retains the hope of a bright future, said Subhash Chandra Garg.

04 May 2019 3:57 PM

In March 2018, Asian Development Bank, signed a cooperation arrangement with the International Solar Alliance, headquartered in India, to promote solar energy deployment across Asia and the Pacific, particularly in South Asia. (Photo: AFP)

ADB committed highest-ever USD 3 billion in sovereign loans to India in 2018

Manila-headquartered ADB committed several projects in India, including in Bihar, HP, MP, Karnataka, Tamil Nadu, Assam and Odisha.

16 Apr 2019 5:28 PM

A representational image of an electric vehicle.

Battery swapping can push electric car revolution: ADB blog

In India, tenders to procure 10,000 high-performance electric cars have already been announced.

23 Oct 2017 6:26 PM

Asian Development Bank chief Takehiko Nakao. (Photo: AFP)

ADB plans to raise annual lending to India to $4 billion

The proposal was endorsed at new ADB Country Partnership Strategy (CPS) for 2018-2022.

27 Sep 2017 4:59 PM

Inter-regional power connectivity will see an increased in supply.

ADB, India ink $500 mn loan pact for power supply

Project also aims to strengthen transmission system to accommodate renewable energy-generation capacity.

24 Feb 2017 11:09 AM

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