India and ADB
In the Spotlight
India’s economy is expected to grow significantly in 2015 as progress in the government’s structural reform agenda and improved external demand lift investor confidence, says a new ADB report.
President Nakao met with India Prime Minister Narendra Modi on 5 February to discuss ADB’s partnership and the importance of recent reforms such as the reduction of fuel subsidies. President Nakao also met with Finance Minister and ADB Governor Arun Jaitley.
ADB supports India’s vision of faster, inclusive, and sustainable growth. The latest Development Effectiveness Brief captures the core of ADB's operations in India and showcases select interventions that are helping the government achieve its development goals.
ADB is extending loans of up to $100 million to help India’s pioneering private sector solar power developer, the ACME group, finance badly needed new solar plants.
Improving roads that connect vulnerable and isolated communities to schools, services, and markets is key to development in India.
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.