Asian Development Outlook Current Affairs, GK & News
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 ....Read More
The Asian Development Bank has downgraded India’s economic growth forecast for the current financial year to 10 % from 11% that it had previously projected in the month of April. This downgrade was done taking into account the adverse impact of the second wave of the Coronavirus pandemic. Highlights In the last quarter of ..
Month: Current Affairs - July, 2021
The Asian Development Bank recently released its Asian Development Outlook, 2021. According to the report, India is to grow at 11%. The Asian Development Bank recently released its Annual outlook. The outlook says that ADB has provided a financial support of 1.5 billion USD to India to fight against COVID-19 Key Findings of the report ..
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 ..
Category: International Current Affairs
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 ..
Month: Current Affairs - June, 2020
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 ..
Category: Economy & Banking Current Affairs - 2022
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 ..