ASIAN DEVELOPMENT BANK- A BIG BOON FOR INDIA’S BALANCED GROWTH AND ITS STAND IN SOUTH ASIA

The growth, development and survival of any country depends on the availability of resources and the rate of their consumption, which should result into creation of competitive infrastructure, bringing more opportunities of employment for increasing the level of per capita income and favorable balance of payment. No country can be said to be absolute independent for the resources to consume besides it has to seek the support of other supplier/country. India is also not the exception to it. Further, for its stand in south Asia, India’s growing socio-economic & financial position, and increasing multi-dimensional development in the infrastructure witnesses the support of Asian Development Bank. India is one of ADB’s member countries which have experienced vital growth and development. This paper focuses on introduction and operations of ADB, its relationship with India and impact of financial assistance provided from time to time to India among other South Asian member countries. The data used in this paper is secondary in nature for exploring the research problem