Urbanisation in developing Asia

News:Asian Development Bank(ADB) has released the updated economic outlook report. Facts: The report has used the data from the World Urbanization Prospects report that is released by the Department of Economic and Social Affairs of the United Nations. Key takeaways from the report: The report has found that between 1970 to 2017, the urban population… Continue reading Urbanisation in developing Asia

ADB cuts India’s GDP growth forecast to 6.5% for FY20

News:Asian Development Bank has released an update to its flagship Asian Development Outlook,2019. Facts: Key takeaways from the report: The report has slashed India’s growth forecast for fiscal 2019-20 to 6.5% from 7% projected in July,2019. The growth was lowered due to slowdown in consumption and investment activities that hit manufacturing and service sectors. ADB… Continue reading ADB cuts India’s GDP growth forecast to 6.5% for FY20

Asian Development Bank(ADB)

News:India and Asian Development Bank(ADB) has signed $200 million loan agreement for upgrading rural roads in 34 districts of Maharashtra to improve road safety. Facts: About Asian Development Bank(ADB): The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966. ADB is headquartered in Manila, Philippines.It aims to promote social and… Continue reading Asian Development Bank(ADB)

Bangladesh has emerged as fastest growing economy among 45 countries of Asia-Pacific region: ADB

According to Asian Development Bank (ADB), Bangladesh has emerged as the fastest growing economy among the 45 countries of the Asia-Pacific region. In the financial year 2018-19 Bangladesh attained growth rate of 7.9 % which is its fastest rate since 1974. The key factors of the high growth performance of Bangladesh are: a) higher public… Continue reading Bangladesh has emerged as fastest growing economy among 45 countries of Asia-Pacific region: ADB

Advanced economies’ idle savings can be diverted to Asia’

Addressing the session of the 52nd Annual Meeting of the ADB,India’s Economic Affairs Secretary has said that funds from the advanced economies which are kept in pensions,insurance pools and in sovereign wealth funds could be diverted to developing countries in Asia where consumption is rising. For this,Asian Development Bank(ADB) could play a vital role in… Continue reading Advanced economies’ idle savings can be diverted to Asia’

Asia-Pacific to grow 5.7% this year: ADB

According to the Asian Development Bank, Asia Pacific region is projected to grow at 5.7% in 2019. ADB has said that most of the momentum for the region growth will come from higher consumption and investment levels.However,growth may be undermined due to trade tensions and the threat of climate change in the Asia Pacific region.… Continue reading Asia-Pacific to grow 5.7% this year: ADB

ADB steps up metro rail funding

Asian Development Bank (ADB) has decided to finance metro rail projects and a rapid rail corridor between Delhi and Meerut as part of its effort to improve urban transport system in India. ADB is under discussion with various multilateral funding agencies for co-financing of metro rail projects in India including Bhopal and Indore Metro projects.Further,expansion… Continue reading ADB steps up metro rail funding

ADB sees India’s GDP growth at 7.2% in 2019-20

Asian Development Bank has published Asian Development Outlook 2019.In this,ADB has cut India’s growth forecast to 7.2% for 2019-20 because of a slower-than-expected pickup in investment demand.The growth rate in Financial Year 2020-21 is likely to be 7.3%. ADB has also mentioned that India will remain the fastest growing major economy, as China is projected… Continue reading ADB sees India’s GDP growth at 7.2% in 2019-20