India and ADB
In the Spotlight
The four state gas companies of Turkmenistan, Afghanistan, Pakistan, and India have established a company that will build, own and operate the planned 1,800-kilometer natural gas pipeline.
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
ADB approved two loans worth half a billion dollars to expand water supply in five cities from just 2 hours a day to 24 hours by 2019 and improve the collection and treatment of sewage and septage waste.
India is undertaking an ambitious initiative to upgrade its sanitation system nationwide, attempting to give every house and school access to a modern toilet by 2019. Countries around Asia are grappling with the same issue.
While continuing to support India’s endeavors to reduce poverty through infrastructure-led growth, ADB's India program has developed and matured over the years in terms of its sector, geographic, and thematic coverage, in line with the government's evolving priorities and increasing focus on inclusive and sustainable growth.
Besides continuing its support for core infrastructure sectors, such as energy, transport, and urban services, ADB is now engaged in innovations in infrastructure finance and improving water resources management, agribusiness infrastructure development, and skills development.
1,233.00(2013) Population in millions
1.3%(2008-2013) Average annual population growth rate
21.9%(2012) Population living below the national poverty line