ADB predicts 6.5 percent GDP growth for Bangladesh in FY 2024

September 20, 2023 6:55 PM

ADB predicts 6.5 percent GDP growth for Bangladesh in FY 2024

Asian Development Bank (ADB) has projected Bangladesh’s gross domestic product (GDP) growth to be 6.5 percent in the fiscal year 2024, compared to an estimated growth of 6 percent in fiscal 2023.  The projection was made in the latest ADB report, ‘Asian Development Outlook (ADO) September 2023,’ released on Wednesday. The slightly faster growth forecast reflects an improvement in domestic demand and better export growth due to economic recovery in the euro area, ADB said in a press release....

India, ADB sign 295 million dollar loan agreement to upgrade around 265 Km State highways in Bihar

July 27, 2023 7:40 PM

India, ADB sign 295 million dollar loan agreement to upgrade around 265 Km State highways in Bihar

The Government of India and Asian Development Bank (ADB) today signed a 295 million dollar loan agreement to upgrade around 265 kilometer State highways in Bihar. The project supports the government of Bihar’s programme to upgrade all State highways to standard two-lane widths and improve road safety. The improved roads will enhance connectivity in some of Bihar's poorest rural districts and promote access to health and education facilities, and markets to improve people’s lives. The projec...

Centre,ADB sign 926 million loan agreement to operationalize two lines of Mumbai Metro

March 1, 2019 8:37 PM

Centre,ADB sign 926 million loan agreement to operationalize two lines of Mumbai Metro

The Centre and the Asian Development Bank (ADB) have signed a 926 million dollar loan agreement to operationalize two lines of the Mumbai Metro Rail System.  According to an official release, the project that will ease the distress of millions of commuters each day and help provide a cleaner and less congested city.  It is the single largest infrastructure project loan in ADB history approved by the ADB Board on 26th of this month. Once operational by the end of 2022, an estimated two million pa...

India's economy continues on robust growth path: ADB

September 26, 2018 2:17 PM

India's economy continues on robust growth path: ADB

India's economy continues on a robust growth path, the Asia Development Bank (ADB) said today in an of its flagship annual economic publication, the Asian Development Outlook (ADO) 2018.           Indian growth forecast remained unchanged at 7.3 per cent for 2018, and 7.6 per cent for 2019, as the temporary effects of demonetisation and introduction of Goods and Services Tax abate as expected.           However, rupee depreciation, volatile external financial markets and accelerating in...

India fastest growing economy in Asia; on track to meet FY18 target: ADB

July 19, 2018 1:50 PM

India fastest growing economy in Asia; on track to meet FY18 target: ADB

India continues tobe the fastest growing economy in Asia and is on track to meet current fiscalyear's projected growth of 7.3 per cent.  Asian Development Bank (ADB) in a newreport today said, Indian economy's growth will further accelerate to 7.6 percent in 2019, as measures taken to strengthen the banking system and tax reformboost investment.  The report said, South Asia, led by India will continue to bethe fastest growing sub-region despite rising tensions between the US an...

India to grow 7.3% this financial year, 7.6% in Next says ADB

April 11, 2018 1:48 PM

India to grow 7.3% this financial year, 7.6% in Next says ADB

The Asian Development Bank (ADB) has said, India's economic growth is set to rise to 7.3 per cent this fiscal and further to 7.6 percent in the next financial year, on back of GST and banking reforms. In its Asian Development Outlook (ADO), 2018, ADB said, Indian economy grew 6.6 percent in the last fiscal as it battled the lingering effects of demonetisation in 2016, businesses adjusting to GST in 2017, and a subdued agriculture.  ADB Chief Economist Yasuyuki Sawada said, despite the s...