Tag: ADB

ADB retains India’s growth forecast at 7%; govt spending, agriculture to boost economy

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ADB retains India’s growth forecast at 7%; govt spending, agriculture to boost economy

Image for representational purposes only. The ADB on Wednesday (September 25, 2024) said that the economy is expected to accelerate in the coming quarters on improved farm output. | Photo Credit: NAGARA GOPAL The Asian Development Bank (ADB) on Wednesday (September 25, 2024) retained India’s growth forecast for the current fiscal at 7% and said…

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EU carbon border tax will do little to cut emissions: ADB study

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EU carbon border tax will do little to cut emissions: ADB study

A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to big reductions in greenhouse gas emissions, the Asian Development Bank (ADB) said in a report published on Monday, February 26. | Photo Credit: AP A European Union plan to impose tariffs on high-carbon…

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ADB moderates India GDP growth hopes this year to 6.3%

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ADB moderates India GDP growth hopes this year to 6.3%

 The Bank expects growth to be propelled by “robust domestic consumption as consumer confidence improves, and by investment including large increases” in government capital expenditure. File. | Photo Credit: REUTERS The Asian Development Bank (ADB) on September 20 pared its growth forecast for India’s economy to 6.3% for this year, from 6.4% estimated earlier, citing the…

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