Tariff war will weigh on capital investment & diminish demand: ADB President Masato Kanda

The Asian Development Bank (ADB) is set to invest $10 billion over five years to upgrade India's urban infrastructure, including metro extensions and rapid transit systems. ADB expects India's GDP to grow at 6.7% in FY26 and 6.8% in FY27, surpassing other developing Asian economies. The bank supports India's reforms, particularly in manufacturing and skills development, and encourages trade diversification.