Delfeld, Carl
January 2007
Forbes Asia;1/29/2007, Vol. 3 Issue 2, p41
This article discusses the decision of the Asian Development Bank (ADB) to approve a $1 billion agricultural loan to India to provide financing to farmers who are now dependent on informal funding. It explains that the move of the ADB represents a U-turn from its previous policy of primarily funding infrastructure projects in India. India's economy is facing challenges. The country should promote rural industries in order to prevent the migration of farmers to cities.


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