Yokohama: India needs to integrate more with the rest of Asia, ease its foreign direct investment rules further and delegate more powers to state governments to achieve the country’s full growth potential, Asian Development Bank president Takehiko Nakao said on Thursday. “India has very strong potential but its markets should be more integrated. ADB has forecast India to grow 7.4% in 2017-18 and 7.6% next year. The development financing institutions like ADB and World Bank are proving only 3% of the funds required. Asit Ranjan Mishra is in Yokohama at the invitation of the ADB to cover its 50th annual meeting.

Source: Mint May 04, 2017 08:15 UTC