Banking

India is reportedly in discussions with multilateral lenders, including the World Bank and the Asian Development Bank (ADB), to secure around $2.5 billion in funding as the government seeks additional financial support amid a widening fiscal gap. According to a Bloomberg report, the proposed funding comes as New Delhi looks to strengthen its spending capacity following external pressures, including disruptions linked to geopolitical tensions in West Asia. The World Bank is said to be considering loans worth approximately $1.5 billion, while the ADB may provide around $1 billion. The funds are expected to be disbursed through existing credit lines, with…