ADB’s cumulative loan commitment to India reaches $59.5 billion in 2024

As of December 31, 2024, the Asian Development Bank (ADB) has increased its cumulative loan commitment to India to $59.5 billion, up from $55.3 billion in 2023.
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Asian Development Bank’s cumulative loan commitment to India as of December 31, 2024, increased to reach $59.5 billion as against $55.3 billion in 2023.

The bank said that in support of the Government of India catalysing robust, climate-resilient, and inclusive growth, it committed financing worth $4.25 billion for 21 projects in 2024.

ADB’s cumulative assistance to India, as of December 31 2024, includes 657 public sector loans, grants, and technical assistance totalling $59.5 billion to India. ADB’s current sovereign portfolio in India includes 78 loans worth $16.23 billion.

On May 30, 2023, ADB launched its Country Partnership Strategy for India, 2023-2027. Aligned with the country’s priority agenda, the strategy accelerates structural transformation, job creation, and climate-resilient growth, deepening social and economic inclusiveness. Going forward, key initiatives include a national skills upgradation program, several projects on clean energy transition and transport decarbonisation, and programs that will help create jobs.

The bank will hold a seminar – Business Opportunities with the Asian Development Bank (India) – in Delhi on April 30, where various stakeholders, including contractors, supplies, Civil society organisations and government officials, can learn about Country Programming in other countries of ADB operations in Asia and the Pacific and how one can participate in tenders outside India.

It will also feature presentations by Indian Government agencies implementing ADB-funded projects on business opportunities available in their respective projects and presentation of case studies on successfully awarded bidders in ADB.

Published on April 16, 2025