Significance of Padma Bridge in South Asia's Connectivity
The Padma Bridge will improve connectivity and increase trade in the Bangladesh. The bridge increases connectivity in Bangladesh and is projected to improve the quality of life among nearby communities. The economies of nearby countries also stand to benefit, as the bridge improves connectivity among Bhutan, India, and Nepal, and improves mobility of people, goods, and essential services.
Author: CUTS International
Tags: Transport, Trade, BBIN, Bangladesh, Bhutan, India, Nepal
Key Indicators for Asia and the Pacific 2022
Key Indicators for Asia and the Pacific 2022 provides statistics on economic, financial, social, and environmental measures, as well as select indicators for the Sustainable Development Goals (SDGs). Statistics for Asian Development Bank's member countries include numbers for energy and electricity, transport and communications, and international trade.
Author: Asian Development Bank
Tags: ADB, South Asia, Sustainable Development Goals
South Asia Economic Focus (Fall 2022) Coping with Shocks: Migration and the Road to Resilience
Real gross domestic product (GDP) in South Asia is projected to slow to 5.8% in fiscal year (FY) 2022 and FY2023. In Bangladesh, real GDP growth is projected at 6.1% in FY2022-2023, as higher inflation and rolling power outages dampen post-coronavirus economic recovery in consumption and investment. The easing of mobility restrictions is supporting Bhutan's recovery amid one of the highest vaccination rates globally. With slower domestic demand, real GDP forecast in Bhutan is set at 4.1% in FY2022-2023. In India, where exports and overall economic activity have recovered more strongly than the rest of the world, growth is forecast at 6.5% in FY2022-2023. In Maldives, real GDP is expected to grow by 12.4% in FY2022 and 8.2% in FY2023 on the recovery of tourism. Growth forecast in Nepal is set at 5.1% in FY2022-2023 amid normalization of monetary policy. Real GDP in Sri Lanka is projected at -9.2% in FY2022 and -4.2% in FY2023 due to a severe balance of payment crisis and risks posed by the country's political situation.
Author: World Bank
Tags: WB, South Asia
World Investment Report 2022
In 2020–2021, foreign direct investment (FDI) in South Asia fell by 26%, to $52 billion, with large mergers and acquisitions from 2020 not repeated in 2021. Flows to Bangladesh rose by 13% to $2.9 billion, while inflows to India declined to $45 billion. However, India announced new international project finance deals, including 23 in renewable energy. Outward FDI from South Asia, mainly from India, rose by 43% to $16 billion.
Author: United Nations Conference on Trade and Development
Tags: UNCTAD, Trade, South Asia, Bangladesh, India, Renewable Energy