In Tbilisi, Georgia, at the 57th Annual Meeting of the Asian Development Bank (ADB), India emphasized the importance of focusing on poverty reduction alongside sustainable growth. India s Vikas Sheel, speaking on behalf of Finance Minister Nirmala Sitharaman, urged ADB not to overlook its mandate on growth and shared prosperity. Despite Sitharaman s absence due to India s ongoing elections, India affirmed its support for inclusive and sustainable growth in Asia and the Pacific.
The Asian Development Bank (ADB) has said that developing nations in Asia-Pacific are inadequately prepared to secure the welfare of their ageing populations.
ADB: Last month, the government notified amendments to the foreign direct investment policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments.