Economic prospects FY2014 for South Asia - ADB

[illusion8]

AFGHANISTAN

GDP is forecast to grow by 3.5% in 2014. This assumes subsiding
political and security uncertainties, a smooth transfer of power
to a new government following broadly accepted presidential and
provincial council elections on 5 April 2014, and a signed Bilateral
Security Agreement. Growth in agriculture is expected to be modest
because current production is close to capacity. Expansion in industry
and services should edge higher in the second half of the year as the
policy direction of the new government becomes apparent and public
confidence strengthens.
For 2015, GDP growth is estimated to accelerate to 4.5%
http://www.adb.org/sites/default/files/ado2014-afghanistan.pdf



BANGLADESH

GDP growth is expected to slow to 5.6% in FY2014, owing to a decline
in remittances (which have been equivalent to about 15% of private
consumption spending) and as export growth tapers oÁ in the coming
months (Figure 3.15.8). Domestic demand was depressed in the first half
of the year because the prolonged political unrest ahead of parliamentary
elections in January 2014 dented consumer and investor confidence.
http://www.adb.org/sites/default/files/ado2014-bangladesh.pdf



BHUTAN

GDP growth is expected to rebound to 6.0% in FY2014 as hydropower
construction projects under the Eleventh Five-Year Plan get underway
and improving economic conditions in major tourist source countries
boost tourism. Growth is forecast to strengthen further to 6.8% in FY2015.
http://www.adb.org/sites/default/files/ado2014-bhutan.pdf



INDIA

The economic downdraft of recent years appears to have calmed,
and GDP growth in FY2014 is expected to inch upward by 5.5% on
improved performance in industry and services. In FY2015, economic
growth is expected to pick up to 6.0%, as a speeding up in advanced
economies bolsters external demand and government action opens some
structural bottlenecks that have impeded industry and investment.
http://www.adb.org/sites/default/files/ado2014-india.pdf



MALDIVES

Economic growth is projected to pick up moderately to 4.5% in 2014 and further to 5.4%
in 2015.
http://www.adb.org/sites/default/files/ado2014-maldives.pdf



NEPAL

—GDP is projected to grow by 4.5% in
FY2014, somewhat less than the government’s target of 5.5%.
http://www.adb.org/sites/default/files/ado2014-nepal.pdf



PAKISTAN

GDP growth is projected at 3.4% for FY2014, marginally slower than in
FY2013. Agriculture is expected to be weaker due to a drop in cotton
output, which partly oÁset the improvement in sugarcane and rice
crops. Ongoing rains, however, may benefit the upcoming wheat crop,
despite a reduction in the sowing area this year
http://www.adb.org/sites/default/files/ado2014-pakistan.pdf



SRILANKA

Growth is thus expected to accelerate to 7.5% in 2014 and maintain that
rate in 2015.
http://www.adb.org/sites/default/files/ado2014-sri-lanka.pdf

 

[Chinese-Dragon]

All these nations have the potential to reach sustained double-digit growth, all you need are deep-rooted economic reforms and reasonable levels of governance.

 

[acid rain]

SAARC, rather then be the lameduck it is right now should come into its own and look to collaborate.

External countries will try their best to create enmity and doubts for their own ulterior motives though...

 

[Gibbs]

SL needs double digit growth atleast for the next half a decade to get out of the middle income trap it's in at the moment.. Though it's growth prospects are much higher than rest of the region

All these nations have the potential to reach sustained double-digit growth, all you need are deep-rooted economic reforms and reasonable levels of governance.

As far as economic reforms go it's sound.. The challenge SL has is to avert external political pressure it may have to bear..

 

[rio90]

SL should target 9+ growth

 

[jarves]

And Pakistanis were dreaming of higher growth rate than India @farhan9909