Asian Development Outlook Current Affairs, GK & News

Asian Development Outlook  Current Affairs, GK & News

Asian Development Outlook

The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in the fiscal year 2020-21. Earlier it was estimated by the bank that India would contract by – 9%. This is the GDP forecast of India by the ..

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ADB signs USD 200 million deal with Reliance for power plant in Bangladesh

The Asian Development Bank (ADB) has signed a $200 million financing deal with the Reliance Bangladesh LNG and Power Limited to build and operate a 718-megawatt combined-cycle-gas-fired power plant in Bangladesh. Highlights As per the Asian Development Bank, the project is going to ease ongoing energy shortages and drive further private sector investments in the ..

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ADB slashes Developing Asia growth estimates for 2020

According to the updated Asian Development Outlook report published by Asian Development Bank (ADB), developing Asia, a group of 45 countries in Asia-Pacific region, is expected to post growth of just 0.1% in 2020. This updated forecast shows higher damage to economies in developing Asia than estimates it released in April, which was predicted to ..

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ADB cuts India growth forecast to 7.2% for 2019-20

The Asian Development Bank (ADB) in the recent Asian Development Outlook report has made the following observations in the forecast for the financial year 2019-20: India’s growth forecast was lowered for 2019-20 to 7.2% from 7.6% estimated earlier due to moderation in global demand and likely shortfall in revenue on the domestic front. Despite the downgrade in ..

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ADB projects India’s GDP growth to 7.3%

According to Asian Development Bank (ADB)’s latest report “Asian Development Outlook (ADO)”, India’s GDP growth has been projected to rise 7.3% in current fiscal year FY19 (2018-19). The report, which was published in April 2018, stated that Indian economy’s growth will further accelerate to 7.6% in FY20 (2019-20) because the measures taken to strengthen the ..

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