ADB Grants $1B Loan to Boost India's Urban Reforms

The Asian Development Bank gave India a $1 billion loan to help make its cities better.

The money will be used for a program that helps city governments plan and build things like roads, parks, and better services.

It also helps cities get money from the market, like selling bonds.

The bank will give $3 million to help the government use the loan.

Cities in India make most of the new jobs and a big part of the country’s economy, and the plan hopes to make that share even bigger by 2030.