Deepshikha Sikarwar

2 min read These initiatives aim to connect power grids, expand cross-border electricity transmission, and enhance broadband access, benefiting hundreds of millions and fostering regional growth and competition.

The Asian Development Bank urges greater regional cooperation and faster reforms in Asia Pacific. The bank warns of overlapping crises including conflict, trade fragmentation, and climate risks. ADB is increasing financing and launching initiatives like a Pan-Asia Power Grid and a Digital Highway. Uzbekistan's president proposed a Digital Customs Alliance and AI scaling in developing nations.

India urged the Asian Development Bank to increase its lending capacity and adopt a more transformative approach to aid developing economies facing global uncertainties. The nation emphasized the need for capital expansion measures and reforms in multilateral development banks to unlock greater resources for infrastructure, climate transition, and human capital development.

India's economy shows strong growth prospects despite global challenges. The Asian Development Bank highlights the need for continued reforms to enhance business and trade. Inflation remains a key concern, potentially impacting interest rate decisions. Strategic focus on renewable energy and targeted subsidies will bolster resilience. India is poised to benefit from AI advancements with proper skill development.

The Asian Development Bank advised Asian economies to avoid broad fuel subsidies and excise duty cuts, warning they could strain public finances amid elevated crude oil prices. The lender suggested targeted cash transfers for vulnerable populations and a shift to green energy, while urging central banks to monitor inflation expectations before tightening monetary policy.

Indian businesses are urged to embrace bold thinking, fearless innovation, and strategic investment. Geopolitical shifts demand a new global economic order focused on resilience and technological capability. The government is implementing measures to strengthen the economy and safeguard against global disruptions. Diversifying export markets and investing in infrastructure and renewable energy are key.

India's government is preparing to discuss ways to manage the impact of the West Asia war. Prime Minister Narendra Modi has urged citizens to save fuel. Officials are exploring options to conserve energy and foreign exchange. Consultations will involve industry leaders. The government aims to ensure supplies while addressing economic concerns.

Global capital is shifting towards electronics and AI in Asia. India's foreign direct investment slowdown is not a major concern. Asia's export boom offers opportunities. India should integrate more into supply chains and adopt pragmatic approaches to Chinese investment. Realistic energy price adjustments and targeted support for vulnerable groups are also recommended.

The Centre is exploring ways to revive the stalled privatisation of IDBI Bank, people familiar with the matter told ET.

The bids remain ‘alive and the government is examining legal provisions under the tendering framework that allows for bids to be accepted even if offers are below the reserve price, said the people cited above.