South Asia Development Update April 2024: Jobs for ResilienceGDP in South Asia is estimated to grow at 6.0% in fiscal year (FY) 2024 and 6.1% in FY2025, backed by strong growth in India and the rest of South Asia, outperforming other emerging market and developing economies. In Bangladesh, GDP growth is projected at 5.6% in FY2023-2024 and 5.7% in FY2024-2025; while Bhutan growth is projected at 4.9% FY2023-2024 and 5.7% in FY2024-2025. Robust growth is projected for India at 7.5% in FY2023-2024 and 6.6% in FY2024-2025. Growth will be on an upward trajectory for Maldives at 4.7% in FY2024 and 5.2% in FY2025; for Nepal at 3.3% in FY2023-2024 and 4.6% in FY2024-2025; and for Sri Lanka at 2.2% in FY2024 and FY2.5 in 2025. Author: World Bank Year: 2024 Download Tags: South Asia, GDP East Asia Pacific Economic Update, April 2018: Enhancing PotentialEast Asia and Pacific (EAP) grew slightly faster than anticipated in 2017, with growth in Myanmar rebounding slightly at 6.4% due to strong exports. Amid risks to macroeconomic stability, EAP countries must enhance trade facilitation and integration, improve education systems, and upgrade capabilities of workers and managers. Author: World Bank Year: 2018 Download Tags: Exports, GDP, India, Manufacturing, Myanmar, Poverty Reduction, Trade Facilitation, WB Trade Profiles 2017Trade Profiles 2017 provides a series of key indicators on trade in goods and services for 196 economies, highlighting major exports and imports for each economy as well as their main trading partners. It provides a concise overview of global trade for each profile, showing detailed information about merchandise trade flows. It also features an expanded section on trade in commercial services and statistics on intellectual property. Author: World Trade Organization Year: 2017 Download Tags: GDP, Trade, WTO  Economic Implications of Deeper South Asian–Southeast Asian Integration: A CGE ApproachHigh tariff and non-tariff barriers, and costly transport links and inefficient trade facilitation measures continue to hamper the growth of trade between South Asia and Southeast Asia. This paper explores whether potential gains from improved connectivity—via Myanmar as inter-regional bridge—justify a high level of investment. Using an advanced computable general equilibrium (CGE) model, reduction of inter-regional tariffs, decreasing of non-tariff barriers by 50%, and cutting down of trade costs between South Asia and Southeast Asia by 15% yields a prediction of 8.9% rise in welfare in South Asia and Southeast Asia, and an increase of 6.4% in gross domestic product by 2030. Author: Ganeshan Wignaraja, Peter Morgan, Michael Plummer, and Fan Zhai Year: 2014 Download Tags: Transport, Trade Facilitation, South Asia, Southeast Asia, Regional Integration, Tariff, Trade, Connectivity, Investment, Myanmar, GDP  Attracting Foreign Direct Investment: What Can South Asia's Lack of Success Teach other Developing Countries?Despite South Asian nations experiencing increased foreign direct investment (FDI) flows over the past decade by gaining a large share of cross border investments, FDI inflows in South Asian countries still remain the lowest relative to gross domestic product (GDP) among developing country regions. This paper uses an empirical model that accounts for possible trends in convergence in the ratio of FDI to GDP between countries and cross-sectional data for 78 countries from 2000 to 2011. In examining the historical patterns of South Asia’s FDI and its connection with the policy environment, policymakers can identify constraints to FDI and boost potential for broad-based growth. Author: David M. Gould, Congyan Tan and Amir S. Sadeghi Emamgholi Year: 2013 Download Tags: South Asia, Trade Policy, FDI, GDP, Investment, Governance, Transparency, Economic Growth, Financial Sector, Regional Cooperation, Trade |
