India eyes $2.5 billion loans from World Bank, ADB as subsidy costs rise
India is in discussions with the World Bank and Asian Development Bank for approximately $2.5 billion in loans to support urban infrastructure and job creation
India is in discussions with the World Bank and Asian Development Bank for approximately $2.5 billion in loans to support urban infrastructure and job creation. This move aims to bolster capital for government spending, which has been impacted by rising oil prices and increased subsidy expenditures due to the Middle East conflict.
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