ADB Archives - Pinfaves

India’s 7% projected growth rate ‘amazingly fast’, can double economy in 10 years: ADB

May 7, 2018 Loknath Das10', 7, ADB, amazingly, Can, Double, economy, fast, Growth, In, India's, projected, Rate, Years

India’s projected GDP growth of over 7 per cent for the current fiscal is “amazingly fast” and if this momentum is maintained the size of the economy can double within a decade, ADB Chief Economist Yasuyuki Sawada has said. The country shouldn’t worry about not achieving 8 per cent growth but focus on increasing domestic demand by reducing the income inequality, he said. Growth is driven more by domestic consumption than exports, he added. The Asian Development Bank (ADB) has projected India to remain the fastest growing Asian nation with…

Japan to provide $40 million to ADB to back high-level technology

May 6, 2017 Loknath Das40, ADB, Back, high-level, Japan, Million, provide, Technology', to

Japanese Deputy Prime Minister and Finance Minister Taro Aso attends at opening session of the ADB annual meeting in Yokohama, south of Tokyo, Japan May 6, 2017. REUTERS/Issei Kato Japan will provide $40 million to the Asian Development Bank to promote high-level technology as part of efforts to boost quality infrastructure in Asia, Finance Minister Taro Aso said on Saturday. “Japan has been promoting quality infrastructure in Asia in close collaboration with the bank,” Aso told the ADB’s annual gathering in Yokohama. “Enhancing quality of infrastructure in terms of lifecycle…