The investment is ADB's first transaction in India since the launch of its $1.5 billion Leading Asia Private Infrastructure Fund 2 (LEAP 2) in December 2023.
ADB report notes that these crops have a ‘high potential’ to double farmers’ incomes and create opportunities for public-private partnerships and investments.
In April, ADB had projected a growth rate of 11% in 2021-22 for India. Meanwhile, RBI also trimmed the country's growth projection by a similar margin to 9.5% in June this year.
ADB also raised the inflation forecast for India in FY2021 by 0.3% points to 5.5% while keeping the forecast for FY2022 at 4.8% as both food and fuel inflation outpaced expectations.
The conventional wisdom is that if a govt fails to improve the lot of the voters, it is punished. Kumar presided over an economic disaster for 20 years and was re-elected by a landslide.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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