ADB-India Partnership Strategy
India grew at an average rate of more than 7% since 2012, which placed it among the world’s fastest growing large economies, and resulted in India’s share in global GDP rising from 2.4% in 2013 to 3.0% in 2016. The rapid growth has been accompanied by numerous measures to remove the structural bottlenecks and improve the investment climate.
ADB will support India’s rapid economic transformation to help the country move from lower towards upper middle-income status; and achieve faster, inclusive, and sustainable economic growth. The country partnership strategy (CPS) 2018-2022 will focus on three pillars.
Pillar 1 will boost economic competitiveness to create more and better jobs by expanding infrastructure networks for transport and energy along economic corridors, enhancing management of corridor development and urban centers, and addressing the skills gap to support industrialization.
Pillar 2 will provide inclusive access to infrastructure networks and social services by improving the infrastructure bottlenecks in lagging regions, providing better municipal services for the urban poor, and supporting investments in rural infrastructure to improve agricultural productivity and reduce the growing rural-urban income gap. Efficient public sector management will be supported to create fiscal space for investments in inclusive growth for social and rural development.
Pillar 3 will address environmental degradation through mitigating the negative impacts of climate change and promoting sustainable natural resource use in the project design.
ADB assistance is closely aligned with government priorities and its flagship programs. ADB will also support the government in achieving India’s pledge to pursue the UN Sustainable Development Goals and attain the goals under the intended nationally determined contributions.
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