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By EquityPandit

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ADB has pledged USD 10 billion for development projects in India

The Asian Development Bank (ADB) has committed USD 10 billion support for infrastructure building and immediate development needs of less developed states in the country.

Besides, the agency has decided to increase the annual funding by USD 1 billion to USD 4 billion.

ADB expects that India will be growing by 7.4 percent in the current financial year and 7.6 percent in 2018-19.

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