Banking #india#loans
India Seeks $2.5 Billion in Loans from World Bank and ADB as Subsidy Costs Rise
India is negotiating loans worth $2.5 billion from the World Bank and Asian Development Bank (ADB) to support urban infrastructure and job creation. The move comes as increased spending on fuel and fertiliser subsidies, driven by the Iran conflict and higher oil prices, has widened the budget gap. India imports over 80% of its crude oil, limiting fiscal space for large-scale projects.
Jun 18, 2026 1 source