Connectivity & Partnership

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Nepal economy to grow at 5.5%: ADB

Nepal’s economy is expected to grow at 5.5 percent in the current fiscal year 2018-19, down from 5.9 percent a year earlier, according to the Asian Development Bank (ADB) Nepal Macroeconomic Update. 

India’s trade with South Asia below potential: World Bank report

India can play a critical role in regional cooperation for mutual economic and welfare gains in South Asia, according to a recently released World Bank report. 

Fitch raises India's FY19 GDP growth forecast to 7.8%

US multinational Fitch Ratings on Friday raised India's GDP growth forecast for the current fiscal to 7.8 per cent, up from their earlier estimate of 7.4 per cent, indicating, however, that tightening of financial conditions, global oil prices and accumulated bad loans of banks continued as headwinds to the country's growth.

Maldives inks water deal with UAE company

The Maldives Environment Ministry has inked a US$8.6 million (Maldivian Rufiyaa MVR133 million) contract with the UAE-based Water Engineering Services FZE to establish drinking water facilities on 32 islands.

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Cyclonic storm Gaja batters South India

A severe cyclonic storm, Gaja, battered the coast of the southern Indian state Tamil Nadu on Friday, leaving at least 15 people dead and causing widespread destruction.

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Japan seeks to boost connectivity with India's Northeast

Japanese Ambassador Kenji Hiramatsu has said his country is serious about boosting connectivity in India's north-eastern states by building roads and bridges.

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