ADB raises India’s GDP growth forecast to 7pc on stronger-than-expected Q1 growth

September 23, 2026 3:02 PM

ADB raises India’s GDP growth forecast to 7pc on stronger-than-expected Q1 growth

The Asian Development Bank (ADB) on Wednesday raised its forecast for India’s economic growth in the current fiscal to 7 per cent, up from 6.6 per cent projected in July, citing stronger-than-expected economic performance in the first quarter despite supply-side disruptions caused by the West Asia crisis. In its Asian Development Outlook (ADO) September 2026, the multilateral lender said, “The revision reflects India’s stronger-than-expected economic performance, with GDP expanding by 7.8...

India, ADB sign $230 million loan to modernise Chennai water supply, sanitation

August 21, 2026 2:48 PM

India, ADB sign $230 million loan to modernise Chennai water supply, sanitation

The Government of India and the Asian Development Bank (ADB) on Friday signed a $230 million loan agreement to modernise and expand Chennai's water supply and sanitation infrastructure.   The Chennai Climate-Resilient Water Security and Sewerage Project aims to improve access to safe and reliable water and sanitation services while strengthening the city's resilience to climate change.   The project is also expected to improve public health and quality of life and support a more efficient ...

India, ADB sign over $2.2 billion loan agreements for key development projects

December 15, 2025 10:44 PM

India, ADB sign over $2.2 billion loan agreements for key development projects

India and the Asian Development Bank (ADB) on Monday signed loan agreements worth over $2.2 billion to support five major development projects spanning skilling, renewable energy, healthcare, urban transport and sustainable livelihoods across multiple states. The agreements were finalised under the guidance of the Department of Economic Affairs, Ministry of Finance. The loan documents were signed by Deputy Secretary Saurabh Singh on behalf of the Government of India and by Aarti Mehra, Officer-...

India, ADB sign $125 million loan agreement to upgrade urban services in Assam

September 22, 2025 10:43 PM

India, ADB sign $125 million loan agreement to upgrade urban services in Assam

The Government of India and the Asian Development Bank (ADB) on Monday signed a $125 million loan agreement to enhance urban livability and strengthen climate resilience in Assam, benefiting nearly 3.6 lakh residents across six district headquarters and Guwahati. The loan agreement for the Assam Urban Sector Development Project was signed by Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance, and Mio Oka, Country Director, India Resident Mission, ADB. The proj...

Centre, ADB sign $350 million loan to boost India’s supply chains

December 20, 2024 9:56 PM

Centre, ADB sign $350 million loan to boost India’s supply chains

The Indian government and the Asian Development Bank (ADB) have signed a $350 million policy-based loan agreement to support the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme. This loan, under the programme's second subprogramme, is aimed at improving the logistics framework to enhance manufacturing capabilities and build resilient supply chains in the country. The Ministry of Commerce and Industry noted that the SMILE programme supports wide-ranging reforms in ...

India, ADB sign $181 million deal to improve livability, mobility in Ahmedabad

September 16, 2024 4:44 PM

India, ADB sign $181 million deal to improve livability, mobility in Ahmedabad

India and the Asian Development Bank (ADB) on Wednesday signed a $181 million loan agreement, aimed at improving infrastructure and services in the peri-urban areas, or the outskirts, of Gujarat’s Ahmedabad city. The initiative aims to achieve this by enhancing physical and social infrastructure, fostering economic vibrancy, and establishing these areas as attractive investment destinations, said Juhi Mukherjee, Joint Secretary of the Department of Economic Affairs, Ministry of Finance. Raje...