Asian Development Outlook (ADO) 2019 Supplement, December: Growth Slows Further in Developing Asia’s Giants
Developing Asia's gross domestic product is projected to grow by 5.2% both in 2019 and 2020 as a slowing of global economic activity tempers regional growth, according to the Asian Development Outlook (ADO) 2019 Supplement. In South Asia, growth forecasts have been lowered to 6.1% in 2020. Strong remittances in Bangladesh will raise domestic demand, while in Bhutan, hydropower production rose to 3.1% in Q1 of FY2020 (ending 30 June 2020). Growth in India is expected to recover to 6.5% in 2020 with government policy measures, such as a corporate tax cutt and policy rate reduction. In Maldives, tourism remains strong. Foreign direct investments surged in Nepal while a recovery in economic activity is projected in Sri Lanka.
Author: Asian Development Bank
Tags: ADB, South Asia, Hydropower, Tourism, Investment, Bangladesh, Bhutan, Maldives, Nepal, Sri Lanka
South Asia: Shifting Outlook Calls For Steadfast Reforms
Growth in South Asia is projected to rise to 7.0% in 2020. To create more and better jobs, the region needs to further strengthen reforms. Growth in Bangladesh is expected to remain strong at around 8.0% in fiscal year (FY) 2019, led by private consumption and investment. In Bhutan, economic activity will pick up to around 6.0% in FY2020, supported by private consumption. In India, gross domestic product (GDP) growth slowed to 6.8% in FY2018/2019. Economic activity in Nepal remains robust as FY2018/2019 growth reached 7.1%. In Maldives, growth has been supported by increasing tourist arrivals. Economic activity in Sri Lanka is projected to recover as the tourism sector stabilizes.
Author: International Monetary Fund
Tags: Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka, Investment, Jobs, Tourism
Maldives: Overcoming the Challenges of a Small Island State – Country Diagnostic Study
The Maldives has propelled itself to middle-income status despite the geographic constraints and challenges of a small-island state. It has one of the lowest poverty rates in South Asia, although wide regional disparities in poverty rates and high-income inequality continue to be a concern. Growth – primarily driven by the tourism sector – has also been vulnerable to external shocks. As the Maldives moves toward a more sustainable and inclusive growth strategy, transport infrastructure is critical to help address the country’s connectivity issue and reduce the cost of doing business. This report identifies the critical constraints to inclusive growth in the Maldives and provides policy recommendations to sustain economic growth and hasten poverty reduction.
Author: Asian Development Bank
Tags: Maldives, Small Island Developing States, Transport, Connectivity, Policy, Poverty Reduction, South Asia, Tourism
Asia-Pacific Development Journal Vol. 21, No. 2, December 2014
The paper "Indo-Nepal Economic Cooperation: A Subregional Perspective" published in this issue of the Asia-Pacific Development Journal (APDJ) explores how subregional engagement among bordering regions can stimulate economic cooperation among countries in South Asia. It assesses the current status and potential of greater integration between India and Nepal, and develops a SWOT (strength-weakness-opportunity-threat) analysis reflecting on the need for a subregional approach to promotion of regional cooperation. APDJ, published twice a year by the Macroeconomic Policy and Development Division of UNESCAP, provides a platform for exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region.
Author: United Nations Economic and Social Commission for Asia and the Pacific
Tags: Economic Integration, India, Nepal, Trade, Bangladesh, Sri Lanka, Transport, Trade, Tourism
SAARC Biz: The Inevitability of South Asia
SAARC Biz is a monthly publication of the SAARC Chamber of Commerce & Industry and features a report on the 'Inevitability of South Asia'. While the term 'South Asia' is commonly accepted, it argues that regionalism is far from being implemented on the ground. For instance, SAARC was accepted as a concept of cross-border regionalism but was hobbled due to budget constraints and restrictive mandates. Connectivity across national frontiers is needed to jump-start regionalism and improve lives in the most deprived parts of the Subcontinent.
Author: SAARC Chamber of Commerce and Industry
Tags: South Asia, Regional Cooperation, SAARC, Industrialization, Regional Integration, Poverty Reduction, Gender, Least Developed Countries, Connectivity, Agriculture, Bangladesh, Youth, India, Environment, Investment, Tourism, Renewables