The Asian Development Bank (ADB) on May 30 launched a new country partnership strategy (CPS) for India.
Key points
- he partnership will focus on deepening its engagement with the nation, while simultaneously supporting India’s drive for robust, climate-resilient, and inclusive growth.
- It will also focus on accelerating structural transformation and job creation, promoting climate-resilient growth, and deepening social and economic inclusiveness, during its partnership period 2023-2027.
- India currently ranks amongst the fastest-growing major global economies after it rebounded quickly from the impact of the Coronavirus pandemic.
- The nation needs to accelerate and sustain inclusive growth by tackling certain crucial challenges in infrastructure and human development, income and regional disparities, and vulnerability to climate change and natural hazards.
