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06May 2024

INDIA URGES ADB TO PRIORITISE POVERTY REDUCTION ALONGSIDE SUSTAINABLE GROWTH

Why in the news? India advises ADB to maintain focus on poverty reduction while fostering sustainable growth, emphasising its critical role. About India’s Call to Asian Development Bank (ADB): Focus on Poverty Reduction: India emphasised the importance of not overlooking the ongoing efforts to reduce poverty while promoting sustainable growth. Intervention at ADB Meeting: During …

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12Apr 2024

ADB PROJECTS INDIA’S GDP GROWTH IN 2024-25 AT 7%

Why in the news? ADB projects India’s GDP growth at 7% in 2024-25, with retail inflation expected to ease; downside risks include global shocks. About ADB’s Economic Projections: The Asian Development Bank (ADB) predicts India’s GDP growth to slow from 7.6% in 2023-24 to 7% in 2024-25, before rebounding to 7.2% in 2025-26. Retail inflation …

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