Exports diversification drive adds $202 million to kitty in FY26India's exports expanded significantly last fiscal year. New product and country combinations generated over $200 million in new trade. Shi...
FTAs, lower import duties, better business environment to boost net FDI flows: ADB chief economistForeign investment in India needs a boost. ADB Chief Economist Albert Park suggests free trade agreements and lower import tariffs. Strengt...
As PM Modi appeals, govt & India Inc set to operate on a war footingIndia's government is preparing to discuss ways to manage the impact of the West Asia war. Prime Minister Narendra Modi has urged citizens ...
World Bank, ADB delegations review infrastructure works in AmaravatiA delegation from the World Bank and the ADB was in Amaravati this Monday to take stock of the city’s ambitious development projects. Their...
Need of hour is to use petro products with restraint: PM ModiPrime Minister Narendra Modi called for careful use of petrol, gas, and diesel. He stressed that using imported petro products only as need...
Crude oil prices likely to stay higher for longer: ADB Chief EconomistCrude oil prices are set to remain high due to the Middle East crisis. This will affect India's economy, lowering GDP growth in FY27. Infla...
ADB warns Asian economies against broad fuel subsidies, tax cuts amid oil price risksThe Asian Development Bank advised Asian economies to avoid broad fuel subsidies and excise duty cuts, warning they could strain public fin...
MDBs to deepen collaboration to support nations amid heightened global uncertaintyGlobal development banks are joining forces to help countries navigate economic challenges. They are combining resources and knowledge to m...
Asian Development Bank predicts slowing Asia growth as Middle East war takes tollThe Asian Development Bank forecasts a slowdown in Asia's economic growth to 5.1% this year and next, citing the prolonged Middle East war....
Middle East conflict to weigh on developing Asia-Pacific growth: ADBThe Middle East conflict will impact developing Asia and the Pacific. Growth is expected to decrease by 0.3 to 1.3 percentage points over 2...
Disruptions from West Asia conflict could choke growth and spur inflation in Asia Pacific : ADBThe West Asia conflict could significantly impact Asia Pacific's economic growth and inflation, with disruptions lasting over a year potent...
Japan's 'Mr Yen', Masato Kanda, chosen as next ADB chiefMasato Kanda, Japan's former top currency diplomat known as "Mr. Yen", has been selected as the next president of the Asian Development Ban...
ADB keeps India's FY24 growth forecast at 6.4% banking on demand strengthAsian Development Bank has left the forecast for India's economic growth unchanged at 6.4% and 6.7% for this and the next fiscals, while it...
Stronger rupee unlikely to hit India’s export competitiveness: ADB Chief Economist Yasuyuki SawadaCiting India’s strong export performance, Yasuyuki Sawada said that rupee’s strengthening shouldn’t be seen in isolation since market envir...
PM Narendra Modi to review progress of rail sector next week"The construction season must be optimally utilised to achieve substantial progress," according to the minutes of the meeting.
- India to support Japan's candidate Takehiko Nakao for Asian Development Bank President post
India today said it will support former Japanese Vice Finance Minister for International Affairs Takehiko Nakao for the post of ADB.
Asia must guard against risks coming from developed world: ADBEmerging Asian economies need to guard against the impact of problems emanating from the developed world, ADB president Haruhiko Kuroda sai...