India Taps World Bank, ADB for $2.5 Billion Infrastructure Spend (opens original article in a new tab)

India is negotiating with the World Bank and ADB for $2.5 billion in infrastructure funding to support urban projects and job creation, amid budget constraints from rising oil prices and subsidies.

• India is seeking $2.5 billion in infrastructure funding from the World Bank and ADB
• Funding will support urban infrastructure and job creation
• India faces budget challenges due to increased subsidies from higher oil prices