India and ADB
In the Spotlight
Since its first loan to India in 1986, ADB has contributed to the country's transformation through infrastructure development, financial reform, agriculture, and clean energy.
India will reverse 2 years of declining growth as the economy is set to expand by 7.3% in fiscal year (FY) 2018 and 7.6% in FY2019, aided by various growth-oriented policy measures, says a new ADB report.
ADB and the Government of India today signed a $120 million loan agreement to complete double-tracking and electrification of railway tracks along high-density corridors in India and improve operational efficiency of the country’s railway networks.
ADB supports India’s vision of faster, inclusive, and sustainable growth. The latest country brief captures the core of ADB's operations in India and showcases select interventions that are helping the government achieve its development goals.
The Country Partnership Strategy (CPS), 2018–2022 for India aims to support the government’s goal of faster, inclusive, and sustainable growth accompanied by rapid economic transformation and job creation. The new CPS articulates ADB assistance through the three strategic pillars: boosting economic competitiveness to create more and better jobs, providing inclusive access to infrastructure networks and services, and addressing climate change and increasing climate resilience. ADB’s annual lending to India is proposed to be raised to a maximum of $4 billion to support the country’s transformation toward upper middle-income status.
The country operations business plan (COBP), 2018–2020 aims to support the government’s endeavor towards achieving faster, inclusive and sustainable growth through programs supporting the provision of inclusive access to infrastructure, boosting competitiveness and job creation, and helping address climate change issues.
India is a member of the South Asia Subregional Economic Cooperation (SASEC) program.
Projects in India
- Capacity Building of the Aid Accounts and Audit Division of the Ministry of Finance
- Assam Urban Infrastructure Investment Program - Tranche 2
- Railway Sector Investment Program - Tranche 3
- Karnataka State Highways Improvement III Project
- Enhancing Capacity of State Utilities in Preparing Energy Sector Projects