Home Blog Page 2

July 2017 current affairs from 16-07-2017 to 30-07-2017


Click the below image to read the July month current affairs from 16-07-2017 to 30-07-2017:-

July 2017 current affairs from 01-07-2017 to 15-07-2017


Click the below image to read & download the July month current affairs from 01-07-2017 to 15-07-2017:-

Download your Hall Ticket / Admit Card for TNPSC Group – II A Examination.


Download your Hall Ticket / Admit Card for TNPSC Group – II A Examination

Click the below image to download your hall ticket:

“Important Current Affairs – 28-07-2017”


International News:-

1)2017 BRICS Youth Forum opens in Beijing:-

  • The 2017 BRICS Youth Forum opened in China to discuss youth development in the BRICS member-nations.
  • The theme of this forum is “Enhance BRICS Partnership, Promote Youth Development.
    BRICS, first came up with the idea of establishing a dialogue mechanism for BRICS youth in 2014 during a meeting between BRICS leaders in South Africa.

Important Points:-

  • BRICS was established in 2009.
  • South Africa officially became a member nation on 24 December 2010.
  • 8th meeting of BRICS in 2016 hosted by India.
  • 9th meeting of BRICS in 2017 will be held in Xiamen China.

National News:-

1)PM to inaugurate Kalam’s memorial in Tamilnadu:-

  • Prime Minister Shri Narendra Modi inaugurated the former President, Dr. APJ Abdul Kalam’s memorial at Pei Karumbu, Rameswaram.
  • The PM would flag off ‘Kalam Sandesh Vahini’, an exhibition bus which would travel across various States of the country and reach Rashtrapati Bhavan on October 15th which marks the birth anniversary of the former President.
  • The memorial has been constructed by DRDO in exactly one year. The Memorial has four main halls each depicting the life and times of Dr Kalam. Hall-1 focuses on his childhood and educational phase, Hall-2 the Presidential days, including address to Parliament and UN Council, Hall-3 his ISRO and DRDO days and Hall-4 his post-Presidential days, till he breathed his last at Shillong.

2)Nation celebrates Kargil Vijay Diwas on July 26 2017:-

  • The country is celebrating the 18th Anniversary of ‘Kargil Vijay Diwas’ on 26th of July, 2017. pay homage to India’s emphatic victory against Pakistan and honors the war heroes.
  • Prime Minister Narendra Modi hailed the Indian armed forces for their prowess and sacrifices for the country on the occasion of ‘Kargil Vijay Diwas’.
  • India launched ‘Operation Vijay’ to clear the Kargil sector of infiltration by the Pakistani soldiers and Kashmiri militants on the Indian side of the Line of Control.

Important Points:-

  • The war took place between May and July of 1999 in Jammu and Kashmir’s Kargil district.
  • The Army declared the mission successful on July 26, 1999; since then the day has been celebrated annually as Vijay Diwas.

Economic News:-

1)SIDBI starts merchant banking operations:-

  • Small Industries Development Bank of India (SIDBI) organized a brief interactive workshop at Mumbai on the issue of enhanced access of MSMEs to capital markets including SME Trading Platform and Institutional Trading Platform.
  • To benefit the expanding number of growth oriented MSMEs especially those with a strong technology and innovation quotient, SIDBI has started full fledged Merchant Banking operations.
  • The meeting aimed at sharing ideas, issues, constraints, suggestions for addressing the challenges in MSMEs accessing capital through the SME Exchanges or the Institutional Trading Platform (ITP) of BSE and NSE.

Important Points:-

  • SIDBI set up on April 2, 1990
  • Headquarters – Lucknow
  • CMD – Kshatrapati Shivaji

2)Microsoft launches ‘Made for India’ Kaizala app:-

  • Microsoft launched its first “Made for India” chat messaging application called Kaizala .
    Kaizala is a made for India product for the mobile first world . The application is designed for large group communication and can enable messages to be sent to millions of people on a group simultaneously.
  • Microsoft Kaizala has been optimised for 2G networks to enable connectivity in remote locations and offers features with offline support.

Important Points:-

  • Headquarters- Redmond, Washington
  • CEO- Satya Nadella
  • Chairman of Microsoft India – Bhaskar Pramanik


1)Mr. Garg appointed as as India’s Alternate Governor on Board of Governors of ADB:-

  • Shri Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA), Ministry of Finance, Government of India has been appointed as India’s Alternate Governor on the Board of Governors of the Asian Development Bank (ADB), Manila, Philippines.
  • Shri Garg has been appointed in place of Former , DEA Secretary, Shri Shaktikanta Das.

Important Points:-

  • Headquarters: Manila Philippines
  • President: Takehiko Nakao
  • Founded: 19 December 1966
  • Members : 67 countries



Download UPSC Prelims 2017 Results


UPSC Prelims 2017 Results are declared.

Download it from below link.

Download UPSC Prelims 2017 Results



“Important Current Affairs – 25-07-2017 & 26-07-2017”


National News:-

1)Union Home Minister chairs first meeting of Islands Development Agency (IDA):-

  • The Union Home Minister Shri Rajnath Singh chaired the first meeting of the newly constituted Islands Development Agency (IDA) in New Delhi.
  • The IDA was set up on June 01, 2017 following the Prime Minister’s review meeting for the development of islands.
  • The Union Home Minister presented the vision for developing India’s maritime economy while preserving the natural eco-system and addressing the security concerns.
  • He emphasized upon the need for sustainable development of Islands with people’s participation.

2)Mobile App for Road Maintenance “Aarambh launched:-

  • The Union Minister Narendra Singh and the ILO Deputy Director General (Policy) International Labour Organization Ms. Deborah Greenfield has launched the Mobile App for Road Maintenance “Aarambh”.
  • Its usage will enhance the service delivery of the state level institutions in planning and implementing performance based rural roads maintenance contracts.
  • The newly launched mobile application would simplify the maintenance management of rural roads.

3)Airport Authority of India signs MoU with Govt. of Uttarakhand:-

  • Airports Authority of India (AAI) signed an MoU with Government of Uttarakhand and joined hands with Uttarakhand Civil Aviation Development Authority (UCADA) to develop the civil aviation sector in the state.
  • The scope of the MoU is to identify relevant factors influencing the development of civil aviation infrastructure in Uttarakhand, assessing commercial potential of various airports of the state, identifying technical considerations for airport operations in the state, evaluating site related technical and engineering parameters for development of projects, making estimate of the capital outlay for the future projects and development of master plan for existing and future civil aviation infrastructure in the state.
  • AAI will also assist UCADA in obtaining necessary clearances for airport operations starting with the upgraded airport at Pithoragarh and later at Chiniyalisaur.

4)Government launches ‘SHe-box’ portal for sexual harassment complaints:-

  • The Minister of Women & Child Development, Smt Maneka Sanjay Gandhi launched an online complaint management system titled Sexual Harassment electronic–Box (SHe-Box) for registering complaints related to sexual harassment at workplace in New Delhi.
  • The complaint management system has been developed to ensure the effective implementation of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act (the SH Act), 2013.
  • This portal is an initiative to provide a platform to women working or visiting any office of Central Government (Central Ministries, Departments, Public Sector Undertakings, Autonomous Bodies and Institutions etc.) to file complaints related to sexual harassment at workplace under the SH Act.
  • Those who had already filed a written complaint with the concerned Internal Complaint Committee (ICC) constituted under the SH Act are also eligible to file their complaint through this portal.

5)Maharashtra, Rajasthan record highest cases of child marriage:-

  • Latest government data show that Maharashtra tops the list in child marriage, followed by Rajasthan. 17 districts of Maharashtra, including Latur, Mumbai and Pune have reported high instances of child marriage.
  • In Rajasthan, 13 districts, including Jaipur, Ajmer and Bhilwara, have reported increasing incidents of child marriage.
  • The figures, highlighting the prevalence of child marriage, were stated by MoS, women and child development, Krishna Raj in answer to questions posed in Lok Sabha.

6)Lucknow Metro to be India’s 1st with own FM radio station:-

  • The Lucknow Metro will become India’s first to have its own FM radio station, which will provide entertainment and information on metro safety.
  • It also will offer travellers with ‘Go Smart’ cards drinking water, toilet facilities and WiFi free of charge.

7)FSSAI bans stapler pins in tea bags from January 2018:-

  • The Food Safety and Authority of India (FSSAI) has banned the stapler pins in tea bags from January 2018.
  • It has also directed all food safety commissioners to take action to prevent the use of unsafe packaging materials by companies and take up measures for enforcement of its order.
  • The Food Safety and Standards Authority of India established under the Union Ministry of Health & Family Welfare.

Points to remember:

  • It has been established under the Food Safety and Standards Act, 2006.
    FSSAI is responsible for promoting public health through the regulation and supervision of food safety.
  • HQ: New Delhi

8)Reliance Defence launches naval patrol vessels Shachi and Shruti:-

  • Reliance Defence launches first two naval patrol vessels Shachi and Shruti(NOPVs) – ‘Shachi’ and ‘Shruti’ – at their shipyard in Pipavav, Gujarat.
  • The two NOPVs — ‘Shachi’ and ‘Shruti’ — are the first warships to be launched by a private sector shipyard in India.

International News:-

1)Bolivia declared total independence from World Bank & IMF:-

  • Bolivia’s President Evo Morales has declared his government’s independence from World Bank and IMF.
  • Some of Bolivia’s largest resistance struggles in the last 60 years have targeted the economic policies carried out by the International Monetary Fund and the World Bank.
  • Bolivia’s popular uprising known as The Cochabamba Water War in 2000 against United States– and the associated World Bank policies shed light on some of the debt issues facing the region.

Points to remember:-

  • About Bolivia:-
  • Capital: Sucre
  • Currency: Boliviano
  • President: Evo Morales

Economic News:-

1)Microsoft to shut down MS Paint 32 years after its launch:-

  • Microsoft has announced its long-standing basic graphics editing program ‘MS Paint’ will no longer be available with the next Windows 10 update.
  • The program was first released with the very first version of Windows 1.0 in 1985.
    MS Paint’s removal is a part of Microsoft’s plan to shut programs that are “not in active development.”

2)IMF retains 2017 growth forecast for India at 7.2%:-

  • The Indian economy is forecast to grow at 7.2% in 2017-18 and 7.7% in 2018-19, the
  • International Monetary Fund (IMF) said in its latest forecast.
  • This would keep India as the fastest growing major economy in the world and in Asia.
  • Growth for China was revised to 6.7% in 2017 and 6.4% in 2018.

3)Branch-in-a-Box launches by Aurionpro Solutions:-

  • Aurionpro Solutions has launched its Branch-in-a-Box product, the Virtual Teller Machine (VTM) a fully integrated self-service kiosk for automating 90% of banking transactions at the branch level.
  • Aurionpro Solutions is a global leader in digital innovation, enterprise security and banking solutions.
  • The VTM helps in migrating routine transactions like KYC, account opening, passbook and statement printing, video assistance, bill payment, cash and cheques.

Points to remember:-

  • Headquartered:-San Ramon, North America
    – Mumbai, India
    CEO- Samir Shah

4)Standard Chartered Bank unveils forex card:-

  • Standard Chartered Bank has launched a Multi- currency Forex Card for overseas travelers.
  • The card will allow customers the convenience of loading up to 20 widely used currencies on one card with an online reload facility during overseas travel.
  • The card will offer travelers protection against the frequent currency fluctuations by locking in the currency exchange rate they availed during the time of loading the card, and not pay different rates every time they use the card.

Points to remember:

  • About Standard Chartered Bank
  • Headquartered in London, England
  • Founded :1969
  • Chairman :José Viñals

5)Travel portal Yatra acquires corporate bookings firm Air Travel Bureau:-

  • Yatra Online Inc, India’s second-largest online travel operator, has acquired corporate travel services provider Air Travel Bureau (ATB) in an estimated cash-and debt deal of $22.5-27.5 million.

Points to remember:

  • About Yatra Online
  • Industry:Online travel agency
  • Founded: August 1, 2006
  • Founder: Dhruv Shringi (CEO)

“Important Current Affairs – 24-07-2017”


National News:-

1)Kerala to host literary festival with ‘Tolerance’ as theme:-

  • Kerala will host the fifth edition of South India Writers Ensemble (SIWE) at Chengannur, Kerala from 24 July 2017.
  • The core theme of the festival this year is ‘tolerance’.
  • Writers, journalists, theatre and film personalities from across the industry will be seen deliberating on the theme.

2)Rijiju inaugurates RIWATCH Museum, Chimari Bridge:-

  • Minister of State for Home Affairs, Kiren Rijiju has inaugurated the Research Institution of World Ancient, Traditional, Culture & Heritage (RIWATCH) Museum at Roing, Arunachal Pradesh.
  • Rijiju also inaugurated the 235.800 meter long Chimari Bridge, which would serve as a life line between the National Highway 52 of Roing-Tezu.

3)5th North East Connectivity Summit to be Held in Arunachal:-

  • Arunachal has been chosen to host the 5th North East Connectivity Summit in 2018.
  • The summit organised by FICCI is one of the most important forums for action oriented deliberations on sub regional economic integration and connectivity between North East India and South East Asia.
  • 4th North East Connectivity Summit is going to be held in Nagaland in the month of September this year.

4)Bengaluru hosted international meet on social justice:-

  • A three-day Babasaheb B.R. Ambedkar international conference on social justice was held in Bengaluru from July 21 to 23.
  • Organised by the Karnataka government, Congress Vice President Rahul Gandhi, human rights advocate and activist Martin Luther King III, and various international and national speakers addressed about 2,000 participants at the conference.

5)India, Bangladesh to establish new waterways using the Brahmaputra:-

  • The Indian and Bangladeshi governments have undertaken an ambitious project to establish a new waterway between the two neighbours using the mighty Brahmaputra river, Union Minister Mansukh Mandaviya.
  • India is prioritising multi-modal connectivity in the northeastern region, including water connectivity, and already 16 waterway projects, mostly involving Bangladesh, have been approved.
  • India and Bangladesh have a 2,979 km land border and 1,116 km of riverine boundary. They also share 54 common rivers, including the Brahmaputra.

6)Haryana to bring ‘fixed service’ for medical students:-

  • Students passing out of government medical colleges in Haryana will now be required to do a fixed period of service in government hospitals of the Haryana, state Health Minister Anil Vij.
  • Vij has directed officers to formulate a policy to ensure that medical students doing MBBS or MD degrees from the state government’s medical colleges would have to serve in government hospitals.

7)Sanjay Kothari appointed secretary to new President:-

  • The Appointments Committee of the Cabinet has appointed 1978-batch IAS officer of Haryana cadre, Sanjay Kothari, as the secretary to President-elect Ram Nath Kovind.
  • Senior journalist Ashok Malik has been named as press secretary to Kovind.
  • Senior Gujarat-cadre forest service officer Bharat Lal will be joint secretary to Kovind.

International News:-

1)UN selects Dubai as data hub for MENASA region:-

  • The UN has selected Dubai as the data hub for the Middle East North Africa and South Asia (MENASA) region for the city’s integrated initiatives to mine and manage its data.
  • The work is already under way to prepare Dubai as the regional city data hub.
  • It will also serve as a dedicated platform for city-to-city learning and ‘solutions transfer’ across metropolitan, national and global contexts.

2)India third largest terror target after Iraq and Afghanistan: US report:-

  • India has displaced Pakistan on a list of countries facing terror attacks in 2016, with higher fatalities and injuries than its restive neighbour, according to data compiled by the US state department.
  • Out of 11,072 terror attacks in 2016 worldwide, India bore the brunt of 927, 16% more than 2015 (798).
  • More than half of the terror attacks in India in 2016 took place in four states – J&K, Chhattisgarh, Manipur and Jharkhand.
  • Iraq is on the top of the list.

3)India 132nd Out of 152 Countries For Commitment to Reducing Inequality Index:-

  • India has been ranked 132 out of 152 countries in an index that rates countries by their commitment to reducing inequality.
  • The first report edition of the index, released recently, showed that OECD countries headed by Sweden ranked the highest while Nigeria was at the bottom.
  • The US had the highest level of inequality among developed countries, though it is the wealthiest country in history.

Economic News:-

1)Karnataka Bank launches ‘Met Loan & Life Suraksha’:-

  • Karnataka Bank, one of the leading private sector lender, has announced the launch of Met Loan & Life Suraksha” (MLLS) for its customers.
  • It is a single premium plan covering the loan liability of a customer.
  • The bank also introduced ‘KBL MLLS’ app, which marks the celebration of 15 years of partnership with M/s PNB MetLife.

2)Seven Indian firms in Fortune Global 500 list:-

  • The latest edition of Fortune Global 500 list for the year 2016 based on company revenue has placed India in seventh rank where Asian countries dominated the overall rankings.
  • The United States continues to have the largest presence on the list with 132 firms, but China is catching up with 109 companies on the list. Japan with 51 is in the third spot, South Korea has 15 while India has seven.
  • Indian Oil is the only firm from India in the top 200 list ranked 168th.
  • The other six Indian companies in the list are Reliance Industries (203), State Bank of India (217), Tata Motors (247), Rajesh Exports (295), Bharat Petroleum (360) and Hindustan Petroleum (384).
  • Walmart has topped the list.


“TOP MOCK TEST FROM INDIA’S TOP INSTITUTES” – Competition success review published our Kingmakers IAS Academy Mock Test question paper


“TOP MOCK TEST FROM INDIA’S TOP INTITUTES”, Competition success review published our Kingmakers IAS Academy Mock Test question paper for Civil Service Prelims Exam Paper – I : General Studies in August 2107 issue “CSR – IAS SPECIAL SUPPLEMENT” Indispensable material for IAS Aspirants.


Important Current Affairs – 22-07-2017


National News:-

1)India to Host Global Conference on Cyber Space 2017:-

  • India will be hosting the 5th Global Conference on Cyber Space (GCCS) in 2017, one of the world’s largest conferences on Cyber Space and related issues.
    • Themed on ‘Cyber4All: An Inclusive, Sustainable, Developmental, Safe and Secure Cyberspace’, the GCCS 2017 will be inaugurated by the Hon’ble Prime Minister of India Shri Narendra Modi.
    • The conference to take place on 23rd & 24th of November 2017 in New Delhi.

2)Ministry of Rural Development to launch Aajeevika Grameen Express Yojana:-

  • The Ministry of Rural Development will launch a new sub-scheme under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) which will be named as “Aajeevika Grameen Express Yojana (AGEY)”
    • This will provide safe, affordable and community monitored rural transport services like e-rickshaws, 3 and 4 wheeler motorised transport vehicles to connect remote villages with key services and amenities including access to markets, education and health for the overall economic development of the area.

3)Odisha CM dedicates longest bridge to nation:-

  • Odisha Chief Minister Naveen Patnaik dedicated to the nation the state’s longest bridge and named it after Netaji Subhas Chandra Bose.
    • The 2.88 km bridge over the river Kathajodi will connect the state capital of Bhubaneswar with Cuttack reducing the distance between the two cities by 12 km.
    • It will usher in a new era in the twin city links by reducing distance and commuting time for the citizens. It will stand as a symbol of our constant efforts towards development of modern infrastructure for growth and progress of the state and our people.

International News:-

1)Cabinet approves MOC in respect of tax matters between India and BRICS countries:-

  • The Union Cabinet has given the approval for the signing of Memorandum of Cooperation (MOC) in respect of tax matters between India and the Revenue administrations of BRICS countries namely, Brazil, Russian Federation, China and South Africa.
  • The MoC aims to further promote cooperation amongst the BRICS Revenue administrations in international forum on common areas of interest in tax matters and in the area of capacity building and knowledge sharing.
  • It envisages regular interaction amongst the heads of Revenue administration of BRICS countries to continue discussion on common areas of interest and strive towards convergence of views and meeting of the Experts on tax matters to discuss the contemporary issues in areas of international tax.
  • In addition, the MoC accords confidentiality and protection to information exchanged under this MoC.

2)IRDAI’s admission as a signatory to International Association of Insurance Supervisors (IAIS):-

  • The Union Cabinet has given its ex-post facto approval for IRDAI’s admission as a signatory to International Association of Insurance Supervisors (IAIS), Multilateral Memorandum of Understanding (MMoU).


  • MMoU provides a formal basis for cooperation and information exchange between the Signatory Authorities regarding the supervision of insurance companies where cross-border aspects arise.
  • The scope of the IAIS MMoU is wider than the existing agreements as this agreement also provides for supervision of other regulated entities such as insurance intermediaries under Anti Money Laundering, (AML) and Combating the Finance of Terrorism (CFT).

About IAIS:-

  • The International Association of Insurance Supervisors is a global framework for cooperation and information exchange between insurance supervisors.
  • International Association of Insurance Supervisors, Multilateral Memorandum of Understanding is a statement of its signatories’ intent to cooperate in the Field of information exchange as well as procedure for handling information requests.

Economic News:-

1)BoB signs MoU with DGS&D for services to govt’s e-marketplace:-

  • Bank of Baroda has entered into an agreement with Directorate General of Supplies & Disposal (DGS&D) for extending various banking services to Government e-Marketplace (GeM).
    • DGS&D has been mandated to set up GeM, an initiative intended to bring greater transparency and efficiency in public procurements.
    • The Cabinet had in April 2017 approved creation of GeM Special Purpose Vehicle (SPV), which will replace DGS&D, nodal purchase organisation of the central government.

2)India Partners With Israel to Develop Missile Defense System:-

  • The Indian Army has signed a memorandum of understanding with the Defense Research and Development Organization (DRDO) to raise a regiment of advanced Medium Range Surface to Air Missiles (MRSAMs) capable of shooting down ballistic missiles and aircraft.
    • DRDO will partner with Israel Aerospace Industries (IAI) and private sector players to deliver this air defense system, which marks a paradigm shift in the capabilities of the Indian Army.
    • The total cost of the project is estimated at $2.5 billion and was approved earlier this year by the government of Prime Minister Narendra Modi.


1)Lord Davies Appointed Chair Of The UK India Business Council:-

  • Lord Davies is set to replace The Rt Hon Patricia Hewitt as Chair of the UK India Business Council (UKIBC).
    • He will take up this role from 1st September 2017, initially to serve a three-year term. Patricia Hewitt will be stepping down after 8 years in the role.

2)Gopal Baglay appointed Joint Secretary in PMO:-

  • Senior diplomat and c Gopal Baglay was appointed as joint secretary in the Prime Minister’s Office.
    • He was appointed in place of Vinay Mohan Kwatra, who has been already named as India’s Ambassador to France.
    • Raveesh Kumar, a 1995-batch IFS officer, currently posted in Frankfurt as Consul General of India, is to be replacing Baglay in the external affairs ministry.

3)UK govt appoints Brenda Marjorie Hale as first female President of SC:-

  • The UK government has appointed Brenda Marjorie Hale as the first female President of the Supreme Court, the senior-most judge of the country.
    • Baroness Hale, 72, will take charge as the head of Britain’s top judging panel in September following the retirement of current President, Lord Neuberger.
    • She has served as Neuberger’s deputy since 2013.


1)Chennai Open renamed Maharashtra Open, to be held in Pune:-

  • India’s most celebrated tennis event, the ATP tournament which acquired heritage status as the ‘Chennai Open’, will now be held in Pune next year and would be henceforth called “Maharashtra Open.
    • IMG-Reliance, the right holders of the tournament along with Government of Maharashtra and Maharashtra State Lawn Tennis Association (MSLTA), made the announcement.

Demontisation effect ended as (ADB) predicts Indian growth at 7.4%


Demontisation effect ended as (ADB) predicts Indian growth at 7.4%:-

  • Asian Development Bank today retained India’s growth projection at 7(point)4 per cent for the current financial year even as it raised the forecast for developing Asian region to 5(point)9 per cent.
  • In a supplement to its Asian Development Outlook (ADO) 2017 report, ADB revised the forecast for developing Asia from 5.7 per cent earlier. For 2018, it was raised from 5.7 per cent to 5.8 per cent. For India, it maintained the growth forecasts at 7.4 per cent for 2017-18 and 7.6 per cent for fiscal 2018-19.
  • Implementation of the Goods and Services Tax (GST) is expected to improve ease of doing business and facilitate growth in the medium term, adding that there could be some teething pains as firms will take time to adjust to the new indirect tax regime.
  • There was a slowdown in last fiscal due to demonetisation and factors like sluggish private sector investment and weak bank lending contributed to the slowdown.
  • However, there are signs of manufacturing activity picking up in the current fiscal with June quarter purchasing managers index improving to 51.7 from 51.2 in the preceding quarter of last fiscal.
  • According to the report, South Asia will be the fastest growing of all sub-regions in Asia and the Pacific, with growth on track to meet original projections of 7% in 2017 and 7.2% in 2018.
  • The growth prospects in developing Asia for 2017 have improved on the back of stronger than expected export demand in the first quarter of this year.
  • In the supplement, ADB has upgraded its growth outlook in the Asian region to 5.9% in 2017 from 5.7% and to 5.8% for 2018 from 5.7%.
  • The smaller uptick for the next year reflects a cautious view on this sustainability of this export push, it added. “Developing Asia is off to a good start this year with improved exports pushing growth prospects for the rest of 2017,” – Yasuyuki Sawada, ADB’s chief economist.