A Shot In The Arm For Low-Income
States: ADB To Invest $10 Billion In IndiaLogo of the Asian Development Bank

The Asian Development Bank (ADB) has pledged to invest $10 billion in India’s infrastructure over the next five years, largely aimed at low-income states.

Part of ADB’s new strategy for India, the investment announcement was made by the multilateral agency’s president Takehiko Nakao in New Delhi. The bank aims to give a push to the economic performance of low-income states and developing economic corridors, specially, along the coasts.

While $5 billion has been earmarked for sprucing up infrastructure in states such as Uttar Pradesh (UP), Bihar, Jharkhand, Odisha and Chhattisgarh, the balance $5 billion will be used for developing the 2,500-km East Coast Economic Corridor, which will ultimately extend from Kolkata to Tuticorin in Tamil Nadu.

Of the $10 billion investment proposed 90 per cent will be spent on infrastructure creation in sectors like roads, rail, water supply, smart cities and green energy projects.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber