Asian Development Outlook Current Affairs, GK & News

India’s economic growth downgraded to 10% by ADB

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 ..

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ADB raises India GDP forecast by 11%

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 ..

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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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