ADB to Increase Annual Lending to India to $4 billion

The Asian Development Bank will increase its annual lending to India to a maximum of $4 billion between 2018 and 2022 to help fasten inclusive economic transformation towards upper middle-income status.The proposal was endorsed at new ADB Country Partnership Strategy for 2018- 2022. The new lending programme, which includes private sector operations, is much higher than the average $2.65 billion a year in loans extended during 2012 and 2016.