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According to HSBC, the public spending component of GVA and the government consumption component of GDP grew at a rapid pace, accounting for roughly one-fifth of overall growth.

India to remain fastest growing economy in FY19 and FY20, says ADB

Economic growth in China will decelerate to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.

19 July 2018 5:57 PM IST

The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand but it warned of risks from a potential China-US trade war.

ADB maintains 2018, 2019 GDP growth forecasts for developing Asia

Asian Development Outlook kept its 2018 and 2019 economic growth estimates for the region at 6.0 per cent and 5.9 per...

19 July 2018 9:56 AM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Fitch cuts India GDP growth forecast to 4.6 pc in FY20

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth...

20 Dec 2019 5:04 PM IST

The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand but it warned of risks from a potential China-US trade war.

ADB trims India's GDP growth forecast to 5.1 per cent in FY20

Asian Development Bank said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.

11 Dec 2019 11:55 AM IST

Though the growth rates of output, consumption and investments are comparable in the period running up to the financial market-induced crises as in the run-up to other types of downturns in emerging market crisis, a further analysis revealed that the contractions are much sharper following financial market induced crisis that other types of downturns.

Corporate debt ominous: Asian Development Bank

ADB website claimed that 12 out of 26 financial crisis in emerging market economies between 1970 and 2014 were corporate...

18 Jan 2019 12:13 AM IST

MMRCL, a joint venture of the state and central governments, is building underground Mumbai Metro Line 3 that would connect Colaba in South Mumbai via Bandra to Seepz, a special economic zone in the northern part of the city.

ADB to provide Rs 6,500 crore for metro

Once operational by the end of 2022, an estimated 2 million passengers a day will use the two new lines, travelling in...

2 March 2019 4:10 AM IST

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...

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

16 April 2019 5:28 PM IST

Subhash Chandra Garg

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...

4 May 2019 4:23 PM IST

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)

India for ADB-led mechanism for channeling funds from rich to...

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

4 May 2019 3:57 PM IST

ADB will provide Rs 1,650 crore, out of which 80 per cent will be grant-in-aid and the state will have to repay 20 per cent loan in due course of time.

ADB approves Rs 1,650 cr infrastructure projects in Tripura

The project will be taken up in Khowai, Ambassa, Dharmnagar, Kailashahar, Udaipur, Bishramganj and Belonia.

17 Jun 2019 9:48 AM IST

The MEAs comments came a day after Pakistan Prime Minister Imran Khan said he will not allow Pakistani soil to be used for terror. (Photo:AP)

Pakistan to get USD 3.4 billion in budgetary aid from Asian...

The ADB financing would come on top of the IMF loan, with most of the funds to be disbursed in the current fiscal year.

16 Jun 2019 9:41 AM IST

Asian Development Bank

ADB cuts India's GDP growth forecast to 7 pc for FY20; fastest growing...

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...

18 July 2019 9:51 AM IST