ASIAN DEVELOPMENT BANK RAISES INDIAS GDP FORECAST

Presented ByAnand Kumar Mahato Roll No.- PG/16/009

CONTENT
Introduction About Asian Development Bank Forecasted Growth Rate of Asian Countries Forecasted Growth Rate of India by different council & organization Purpose, Function & Membership of Asian Development Bank Objective References

INTRODUCTION
Asian

Development Bank (ADB). It Forecast Indias Growth for the current financial year to 8.5%. Earlier in april 2010 ADB forecast India's growth was 8.2%. ADB is also concern over persistent high rate of inflation and Rising value of rupee, which can undermine future economic growth.

About ADB

Formation- 22 Aug 1966 Moto- Fighting poverty in Asia and the Pacific region Type Regional Organization Headquarter- Metro Manila, Philippines Membership 67 Countries President Haruhiko Kuroda Main organ Board of Directors Staff 2600 Vision An Asia And Pacific Free of poverty

Asia rising GDP growth in %

14 14 12 9.6 9.6 10 8 6 4 2 5.2 6 5.5 6.1 5.3 6.8 5.2 3.8 5.8 6.3 6.2 4 7 7.5 8.2

GROWTH RATE

PHILIPPINES

INDONESIA

HONGKONG

MALAYSIA

SINGAPORE

THAILAND

CHINA

COUNTRY

DEVELOPING ASIA

S KOREA

ADB vs. others :GDP growth projection of India (in %)

9.4
IMF

9.2
CMIE

8.5 8.5
ADB GOI

8.5
RBI

8.1 PMEAC Crisil

8.5

IMF-International Monetary Fund PMEAC-Prime Minister Economic Advisory Council CMIE-Centre for Monitoring Indian Economy GOI-Government of India

ADB Forecast for Indian Growth

Supported by Robust investment Increased capital inflows and stronger industrial output Rising consumer demand

Concern or Warnings Inflation Rising value of Rupee could erode export competitiveness Central Bank intervene to dampen rupee

Purpose of ADB
Foster economic and co-operation in the region of Asia and the far east. Contribute to the acceleration of the process of economic development of developing member countries

Function of ADB
To promote investment in the region of private and public capital for development purposes. Financial development of the developing member countries through national projects and programmes. To provide technical assistance for the preparation, financing and execution of development projects and programmes.

Membership
Membership in the Bank shall be open to: (1) members and associate members of the United Nations Economic Commission for Asia and Far East; and (2) other regional countries and non-regional developed countries which are members of the United Nations or any of its specialized agencies. Vote of 2/3rd of the total number of Governors, representing not less than 3/4th of the total voting power of the members.

OBJECTIVE
The current trend of growth rate in asian countries. Comparision between Indias growth against other asian countries. ADB and its contribution to Asia and Pacific region.

REFERENCES

BUSINESS STANDARDS WIKIPEDIA.COM GOOGLE www.adb.org

THANK YOU