South Asia is projected to grow at 6.5% in fiscal year (FY) 2022 and 6.3% in FY2023. In Bangladesh, weak exports and high inflation are hampering recovery, while in Bhutan, agriculture and construction are projected to support economic growth. In India, growth is projected at 7.0% in FY2022 and 7.2% in FY2023, sustained by public reform and public and private investment. Maldives tourist arrivals and construction continue to pick up. In Nepal, the 2023 budget aims to improve agriculture, industry, and social protection. Economic contraction is expected in Sri Lanka with marked declines in industry and agriculture. In Southeast Asia, Myanmar maintains positive growth projections despite high rates of inflation.

Author: Asian Development Bank

Year: 2022

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South Asia is projected to expand at 4.9% in 2022 amid inflation and high energy prices. Balance of payment constraints in Bangladesh and Sri Lanka have led these countries to place restrictions on the consumption of electricity. In India, where the economy expanded by 8.2% in 2021, the easing of supply chain disruptions and the rise in domestic demand has led to a deceleration in growth.

Author: United Nations Conference on Trade and Development

Year: 2022

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Tags: UNCTAD, Trade, South Asia

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

Year: 2022

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Tags: Transport, Trade, BBIN, Bangladesh, Bhutan, India, Nepal

The United Nations conducted a survey on digital and sustainable trade facilitation, covering 58 trade facilitation measures. According to the report, compliance to the World Trade Organization Trade Facilitation Agreement by south and southwest Asian countries may reduce trade costs by 3% to 6%. Implementation of digital trade facilitation measures and cross border paperless trade could reduce costs by 18%.

Author: United Nations Economic and Social Commission for Asia and the Pacific

Year: 2022

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Tags: South Asia, WTO, Trade Facilitation Agreement

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

Year: 2022

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Tags: ADB, South Asia, Sustainable Development Goals