India at the 58th ADB Annual Meet: Viksit Bharat Vision and Global Development Partnership

🔹 NEWS DROP — PETAL 008
📅 May 7, 2025
🎯 GS Paper 2 & 3 | International Institutions – Development Banks, India’s Global Partnerships

🌀 Intro Whisper

From Milan’s halls to Manila’s heart, India’s vision of Viksit Bharat seeks strength in old friendships and future funding.

🔍 Key Highlights

• The 58th Annual Meeting of the Asian Development Bank (ADB) Board of Governors is underway in Milan, Italy.
• India’s Finance Minister Nirmala Sitharaman addressed the gathering, reaffirming India’s commitment to becoming a developed nation by 2047 and calling ADB a “valued partner” in its growth trajectory.
• The meeting brings together delegations from ADB member states, international financial institutions, and governors representing the Board.

🏛️ About ADB

• Established: 1966
• Members: 69 (including 50 from Asia-Pacific)
• Headquarters: Manila, Philippines
• Mission: Alleviate poverty, promote inclusive, resilient, and sustainable economic development.
• Structure:
  • Board of Governors: One member from each country
  • Board of Directors: 12 members oversee operational decisions
  • President: Heads the institution, elected by Governors

🇮🇳 India–ADB Partnership

• India is a founding member of ADB.
• ADB has supported:
  • Infrastructure and metro rail projects
  • Renewable energy, rural connectivity
  • Urban development and water supply
• India is among ADB’s top borrowers, reflecting a robust development relationship.

🧭 GS Paper Mapping

Current Affairs: India’s Viksit Bharat 2047 Agenda

GS2: International Institutions – ADB

GS3: Infrastructure, Inclusive Growth

Target IAS-26: Daily MCQs :

📌 Prelims Practice MCQs

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