ADB also slashed its growth estimate for India to 6.5 per cent from 7 per cent
Abrupt declines in manufacturing and investment reflect uncertainty ahead of general elections, subdued lending by banks and other financial institutions, ADB said.
The decision was taken during the meeting between ADB Vice President Shixin Chen and Pakistan Prime Minister Imran Khan here on Thursday
India will be the main driver to lower the inflation for the South Asian region, ADB said in a supplement to Asian Development Outlook (ADO) 2019
India's economy to expand 7.2%, down from 7.6% previously
The $75-million tranche-one loan is being used to strengthen urban water supply and sanitation services
Though Tamil Nadu is the most urbanized of India's large states, urban service levels remain low
The Asian Development Bank's focus on inequality and poverty alleviation has special significance for India
ADB should also introduce more targeted intervention in low income and poverty-concentrated geographic pockets, Garg said
The delegation also held bilateral meetings with the official delegations of Hong Kong and Germany
ADB raised economic growth estimate for Asia to 6 per cent for this year from a previous estimate of 5.9 per cent
ADB is expected to invest $250 million in December for construction of initial 6,254 km all-weather rural roads
To accelerate the inclusive economic transformation of India
To continue interventions to check coastal erosion in Karnataka
ADB is providing a market-based loan of $600 million and a concessional loan of $16 million
Eliminating poverty from Asia-Pacific region is the vowed objective of ADB, says Arun Jaitley
Even FM Jaitley said world should debate if it would make global economy more efficient or sluggish
On course to remain the fastest-growing major economy, ahead of China
The loan will help Assam enhance capacity and efficiency of its power distribution system and improve electricity service to end users
Money will be provided to Punjab National Bank, which in turn will lend to various developers and end users to install rooftop solar systems