South Asia is expected to grow by nearly 6% this year, making it the world’s fastest-growing region
1 year, 2 months ago

South Asia is expected to grow by nearly 6% this year, making it the world’s fastest-growing region

Associated Press  

NEW DELHI — South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the World Bank said on Tuesday. The latest South Asia Development Update from the World Bank projected growth in the region to slow slightly to 5.6% in 2024 and 2025, as post-pandemic rebounds fade and reduced global demand weighs on economic activity. The World Bank said another concern was that government debt in South Asian countries averaged 86% of GDP in 2022, which is higher than other emerging markets. “Almost one-tenth of the region’s workers are employed in pollution-intensive jobs,” many of which are concentrated among informal and lower-skilled workers who are more vulnerable to changes in the labor market, the World Bank said.

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History of this topic

Aakar Patel | South Asia needs to end communalism to ensure region can grow, develop
2 weeks ago

Aakar Patel | South Asia needs to end communalism to ensure region can grow, develop

Deccan Chronicle  

The BJP’s Ram Madhav has written an article titled “For South Asia to grow, communalism must end”. The World Bank says that “South Asia is one of the least integrated regions in the world in terms of trade and people-to-people contact.” Intra-regional trade between Bangladesh, India and Pakistan accounts for five per cent of our total trade, compared to Southeast …

SE. Asia eyes low-carbon development
3 weeks, 1 day ago

SE. Asia eyes low-carbon development

China Daily  

Southeast Asian countries are working on energy transition to boost economic growth while reducing carbon emissions, but most are still in the early stages of such a transition, analysts say. Aditya Lolla, the Asia program director at Ember, an energy think tank in London, said most ASEAN countries are still in the early stages of energy transition and this is …

SE. Asia eyes low-carbon development
3 weeks, 1 day ago

SE. Asia eyes low-carbon development

China Daily  

Southeast Asian countries are working on energy transition to boost economic growth while reducing carbon emissions, but most are still in the early stages of such a transition, analysts say. Aditya Lolla, the Asia program director at Ember, an energy think tank in London, said most ASEAN countries are still in the early stages of energy transition and this is …

SE. Asia eyes low-carbon development
3 weeks, 1 day ago

SE. Asia eyes low-carbon development

China Daily  

By PRIME SARMIENTO in Hong Kong | China Daily | Updated: 2024-12-02 12:08 Southeast Asian countries are working on energy transition to boost economic growth while reducing carbon emissions, but most are still in the early stages of such a transition, analysts say. Aditya Lolla, the Asia program director at Ember, an energy think tank in London, said most ASEAN …

S&P Global cuts India’s GDP growth estimates for FY26 and FY27, forecasts 6.8% growth for this fiscal
Trending News
4 weeks ago

S&P Global cuts India’s GDP growth estimates for FY26 and FY27, forecasts 6.8% growth for this fiscal

Live Mint  

New Delhi, Nov 25 S&P Global Ratings on Monday revised down its estimate for India's economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies after US election results, the rating agency projected a 6.7 per cent GDP growth rate in …

World Bank Calls for Tariff Reduction and Ease of FDI in India to Unlock Growth Potential
2 months, 1 week ago

World Bank Calls for Tariff Reduction and Ease of FDI in India to Unlock Growth Potential

Live Mint  

World Bank economist Franziska Ohnsorge urges India to reduce tariffs and ease foreign direct investment restrictions to unlock its full potential. She highlights India's small market share but emphasizes that it can still capitalize on opportunities due to its proximity to global supply chains. The World Bank expects South Asia to remain the fastest growing among emerging market and developing …

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's
6 months, 1 week ago

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's

India TV News  

Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. India to remain fastest growing economy: World Bank Earlier this week, a Work Bank report stated that India will remain the fastest-growing major economy recording a steady growth of …

India's 2024 economic growth projection revised upwards by U.N. to nearly 7%
7 months, 1 week ago

India's 2024 economic growth projection revised upwards by U.N. to nearly 7%

The Hindu  

The United Nations has revised upwards India’s growth projections for 2024, with the country’s economy now forecast to expand by close to 7% this year, mainly driven by strong public investment and resilient private consumption. The World Economic Situation and Prospects as of mid-2024, released Thursday, said, “India’s economy is forecast to expand by 6.9% in 2024 and 6.6% in …

Risky premise: On Asian Development Bank forecast, India’s GDP growth
8 months, 1 week ago

Risky premise: On Asian Development Bank forecast, India’s GDP growth

The Hindu  

The Asian Development Bank on Thursday raised its forecast for India’s GDP growth in the current fiscal year ending on March 31, 2025, to 7%, from 6.7% earlier, citing robust public and private investment as well as expectations of a gradual improvement in consumer demand as the rural economy recovers. The ADB’s latest growth forecast for India’s GDP is, however, …

India's GDP to grow 6.1% in 2024: Moody's Analytics
8 months, 1 week ago

India's GDP to grow 6.1% in 2024: Moody's Analytics

The Hindu  

Moody's Analytics on April 12 projected India's economy to expand 6.1% in 2024, lower than 7.7% growth clocked in 2023. We expect India’s GDP to grow 6.1% in 2024 after 7.7% last year," Moody's Analytics said. Moody's Analytics said looking at the GDP relative to its trajectory prior to the pandemic shows that India and Southeast Asia have seen some …

World Bank projects Indian economy to grow at 7.5% in 2024
8 months, 3 weeks ago

World Bank projects Indian economy to grow at 7.5% in 2024

Hindustan Times  

The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent. Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India. Overall, growth in South Asia is expected …

South Asia, India risk squandering demographic dividend: World Bank
8 months, 3 weeks ago

South Asia, India risk squandering demographic dividend: World Bank

The Hindu  

The World Bank has warned that the South Asia region including India was not making use of its demographic dividend as the pace of job creation in the region fell well short of the growth in the working-age population, even as it projected a strong 6.0-6.1% growth for 2024-25 for the region in its South Asia regional update, Jobs for …

Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says
8 months, 3 weeks ago

Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says

Associated Press  

BANGKOK — Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023, the World Bank said in a report released Monday. Debt, trade barriers and policy uncertainties are dulling the region’s economic dynamism and governments need to do more to address long-term problems …

India to be fastest growing economy among G-20 nations in 2024
8 months, 3 weeks ago

India to be fastest growing economy among G-20 nations in 2024

Op India  

India will be the fastest growing economy among the G-20 nations in 2024. In the previous three quarters, India’s economy expanded at 7.8 per cent in Q1, 7.6 per cent in Q2 and 8.4 per cent in Q3. The most recent upgrade came from Goldman Sachs, which has raised India’s 2024 growth projections to 6.6 per cent, a 10 basis …

India registered strong investment performance in 2023; headwinds in China from struggling property sector: UN
11 months, 2 weeks ago

India registered strong investment performance in 2023; headwinds in China from struggling property sector: UN

The Hindu  

India registered strong investment performance in 2023, driven by government infrastructure projects and multinational investments, the United Nations has said while noting that investment prospects in China face "headwinds" from a struggling property sector. “Investment prospects in China face headwinds from a struggling property sector, though government-led infrastructure investments are partially offsetting the shortfall in private investments. In contrast, India …

Building Stronger China-ASEAN Relations
1 year, 4 months ago

Building Stronger China-ASEAN Relations

China Daily  

Hong Kong has distinctive advantages and enjoys support from the central government in improving its position as an international financial, shipping and trading centre, keeping its business environment free, open and regulated, and maintaining the Common Law to expand and facilitate exchanges with the world. Hong Kong is set to play a significant role in the deepening of relations between …

S&P retains India’s growth projection at 6% for FY24
1 year, 5 months ago

S&P retains India’s growth projection at 6% for FY24

The Hindu  

S&P Global Ratings on Monday, June 26, 2023, retained India's GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations. "We see the fastest growth at about 6 per cent in India, Vietnam, and the Philippines, S&P Global Ratings said in its quarterly economic update for Asia-Pacific. S&P said retail inflation …

India’s economy picks up speed amid global slowdown
1 year, 6 months ago

India’s economy picks up speed amid global slowdown

Al Jazeera  

With 6.1% quarterly growth, India remains one of the fastest growing emerging economies, especially as China’s recovery stumbles. India’s economic growth has accelerated to 6.1 percent in the January–to-March quarter, boosted by government and private capital spending even as private consumption remained sluggish, government data shows. The manufacturing sector, which for the past decade has accounted for just 17 percent …

India, China to contribute half of global growth: IMF
1 year, 7 months ago

India, China to contribute half of global growth: IMF

Deccan Chronicle  

New Delhi: Growth in the dynamic Asia-Pacific region is projected to increase to 4.6 per cent this year from that of 3.8 per cent recorded in 2022, according to the International Monetary Fund which stated that the growth will be largely led by India and China. In its Regional Economic Outlook - Asia and Pacific report released on Tuesday, the …

Asia-Pacific to grow 4.6% in 2023; India, China to contribute half of global growth: IMF
1 year, 7 months ago

Asia-Pacific to grow 4.6% in 2023; India, China to contribute half of global growth: IMF

The Hindu  

Growth in the dynamic Asia-Pacific region is projected to increase to 4.6% this year from the 3.8% recorded in 2022, according to the International Monetary Fund which stated that the growth will be largely led by India and China. In its “Regional Economic Outlook - Asia and Pacific” report released on May 2, the Washington-based fund said the region would …

Asia-Pacific to grow 4.6% in 2023: IMF
1 year, 7 months ago

Asia-Pacific to grow 4.6% in 2023: IMF

Live Mint  

In the dynamic Asia-Pacific region, growth is projected to increase to 4.6% this year from the 3.8% recorded in 2022, according to the International Monetary Fund which stated that the growth will be largely led by India and China. The Washington-based fund, in its Regional Economic Outlook – Asia and Pacific report released on Tuesday, said the region would contribute …

India, China to account for half of global economic growth in 2023: IMF chief
1 year, 8 months ago

India, China to account for half of global economic growth in 2023: IMF chief

Deccan Chronicle  

Washington: The IMF chief on Thursday said that the world economy is expected to grow at less than 3 per cent this year, with India and China expected to account for half of global growth in 2023. International Monetary Fund managing director Kristalina Georgieva warned that a sharp slowdown in the world economy last year following the raging pandemic and …

India, China to account for half of global economic growth in 2023: IMF chief
1 year, 8 months ago

India, China to account for half of global economic growth in 2023: IMF chief

India TV News  

Warning about an economic slowdown, the IMF chief said that the world economy is expected to grow at less than 3 percent this financial year while India and China expected to account for half of global growth in 2023. International Monetary Fund managing director Kristalina Georgieva further warned of a similar economic situation this year just like last year wherein …

The growth math: On India’s growth prospects
1 year, 8 months ago

The growth math: On India’s growth prospects

The Hindu  

On Tuesday, two multilateral institutions presented their regional economic outlook for this year, scaling down their projection for India’s growth prospects in 2023-24. The Manila-based Asian Development Bank noted that a rebounding China’s and India’s domestic demand would lift up Asia’s growth prospects. However, it slashed its 2023-24 GDP growth forecast for India from 7.2% to 6.4%, citing tight monetary …

ADB forecasts China, India to power strong growth in 2023
1 year, 8 months ago

ADB forecasts China, India to power strong growth in 2023

The Hindu  

China’s recovery from the pandemic and strong demand in India will drive strong economic growth in Asia this year, the Asian Development Bank said in a report issued on April 4. “It’s certainly plausible that oil prices could go even higher and introduce another challenge for the region,” ADB Chief Economist Albert Park said in a conference call. However, growing …

World Bank cuts India's growth forecast to THIS much; where does Pakistan stand? CHECK HERE
1 year, 8 months ago

World Bank cuts India's growth forecast to THIS much; where does Pakistan stand? CHECK HERE

India TV News  

Indian economy: The World Bank and the Asian Development Bank on Tuesday projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions. "In India, South Asia’s largest economy, high borrowing costs and slower income growth are expected to dampen consumption and lower growth to 6.3 per …

China projected to lead the growth of Asia in 2023
1 year, 8 months ago

China projected to lead the growth of Asia in 2023

China Daily  

China will likely become the only major economy in the world with growth accelerating in 2023, and its economic recovery is brightening the outlook for the whole region, economists of the Asian Development Bank said on Tuesday in Beijing. ADB's Asian Development Outlook April 2023, which was released on the same day, predicted that the economic growth in China will …

Asian economic recoveries losing steam, says World Bank
1 year, 8 months ago

Asian economic recoveries losing steam, says World Bank

Hindustan Times  

Developing economies in Asia have mostly regained ground lost during the pandemic but are seeing their recoveries stall as productivity lags, the World Bank said in a report released Friday. “Once pent-up demand from post-lockdown fades, we think that Asian economies will settle at lower GDP growth and higher inflation than our pre-pandemic forecasts,” Sung Eun Jung of Oxford Economics …

Trading more within Asia makes economic sense
1 year, 10 months ago

Trading more within Asia makes economic sense

The Hindu  

South Asia should now have a re-look at regional trade across Asia after the warning by the International Monetary Fund on January 31, 2023, that global trade would slow down from 5.4% in 2022 to 2.4% in 2023. A recently published paper in an IMF book, “South Asia’s Path to Resilient Growth”, argues that a strong base exists for South …

2023 New Year Resolutions for Asia’s Biggest Economies
1 year, 11 months ago

2023 New Year Resolutions for Asia’s Biggest Economies

The Diplomat  

Asia’s big economies failed to fire during 2022, weighed down by the continuing COVID-19 pandemic and resulting self-imposed restrictions on economic activity, together with rising interest rates and slowing growth globally. In its latest “World Economic Outlook” report, the IMF projected GDP growth for Asia’s second-largest economy of 2.1 percent in 2022 but just 0.9 percent in 2023, below the …

RBI, Govt In Discussions With South Asian Countries For Cross-Border Trade In Rupee: Shaktikanta Das
1 year, 11 months ago

RBI, Govt In Discussions With South Asian Countries For Cross-Border Trade In Rupee: Shaktikanta Das

News 18  

RBI Governor Shaktikanta Das on Friday said the government and the RBI are in discussions with South Asian countries to have a cross-border trade in the rupee. South Asian nations need to undertake deep reforms to raise productivity, Das said while addressing the IMF Conference on South Asia’s path to resilient growth. Taming inflation, containing external vulnerabilities, raising productivity, strengthening …

S&P cuts India's growth forecast to 7% for FY23
2 years ago

S&P cuts India's growth forecast to 7% for FY23

The Hindu  

S&P Global Ratings on November 28 cut India's economic growth forecast for current fiscal year to 7%, but said the domestic demand-led economy will be less impacted by the global slowdown. India's output will expand 7% in fiscal year 2022-2023 and 6% in next fiscal year," S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said. In its quarterly economic update …

Most nations' economy slowing but India in relative bright spot: Top IMF official
2 years, 2 months ago

Most nations' economy slowing but India in relative bright spot: Top IMF official

India Today  

A top official at the International Monetary Fund has said at a time when most countries’ economic growth is slowing, India is doing better and is at a relatively brighter spot, despite several hiccups. The International Monetary Fund on Tuesday, October 11, revised its projection of India's economic growth in 2022 to 6.1 per cent, joining other international agencies that …

World Bank pares India FY23 growth projection to 6.5%
2 years, 2 months ago

World Bank pares India FY23 growth projection to 6.5%

The Hindu  

The World Bank has estimated that India will grow 6.5% in the current fiscal year, after having grown at 8.7% in the fiscal year ended March 31. The slowing in India’s growth during the current fiscal year, relative to the previous one, was because most of the COVID recovery happened last year, the report said. Although India growth estimates are …

S&P Global retains India’s 2022-23 growth hopes at 7.3%
2 years, 2 months ago

S&P Global retains India’s 2022-23 growth hopes at 7.3%

The Hindu  

S&P Global Ratings has retained its 2022-23 growth projection for India’s economy at 7.3%, citing a smaller impact from the global slowdown on its domestically-driven economy. India’s retail inflation is expected to stay above the 6% mark till the end of 2022, as wheat and rice prices are rising, core inflation has been ‘sticky’ and food inflation may rise again, …

Not Only Economy, India is Zooming Past Most Nations in Food, Heritage & Languages
2 years, 3 months ago

Not Only Economy, India is Zooming Past Most Nations in Food, Heritage & Languages

News 18  

India has leapt past the UK in the last three months of 2021 to become the fifth-biggest economy in the world, according to International Monetary Fund data. The development comes just days after government data showed that India’s GDP rose 13.5 per cent in the June 2022 quarter of the FY 23. GDP Expands in First Quarter India’s economy grew …

Asian Development Bank pares India growth hopes to 7.2% for 2022-23
2 years, 5 months ago

Asian Development Bank pares India growth hopes to 7.2% for 2022-23

The Hindu  

The Asian Development Bank has lowered its growth forecast for India to 7.2% for 2022-23 from a 7.5% projection made in April, citing higher than anticipated inflation since April along with monetary policy tightening. In a supplement to its Asian Development Outlook report, the Bank on July 21 also moderated its growth hopes for 2023-24 to 7.8% from 8% and …

Asia’s economic growth outlook slashed on China, Ukraine fears
2 years, 5 months ago

Asia’s economic growth outlook slashed on China, Ukraine fears

Al Jazeera  

The Asian Development Bank has slashed its economic forecasts for Asia, citing deteriorating conditions due to China’s “zero COVID” lockdowns, rising interest rates in developed economies and the war in Ukraine. Asia’s developing economies, which include China and India, are expected to grow 4.6 percent in 2022 and 5.2 percent in 2023, according to the ABD’s latest economic outlook released …

Inflation pressures weigh heavily on Asia
2 years, 5 months ago

Inflation pressures weigh heavily on Asia

China Daily  

A customer buys food at a market in Bangkok, Thailand, in April. LUKE DUGGLEBY/BLOOMBERG VIA GETTY IMAGES Latest US Fed rate rise does not ease pain of soaring prices, economists say Hit hard by the COVID-19 pandemic and rising oil and food prices, Asia is experiencing a wave of inflation that will hurt livelihoods and the economy, according to experts. …

Can India re-imagine South Asia
2 years, 7 months ago

Can India re-imagine South Asia

The Hindu  

After weeks of protests, Sri Lankan Prime Minister Mahinda Rajapaksa stepped down this month, but that is not the only big political non-electoral change in the neighbourhood in 2021-22. Then we had a similar kind of global economic shock triggered by the oil embargoes which hurt practically every South Asian country, including India. On the other hand, China has started …

The goal of an energy-secure South Asia
2 years, 7 months ago

The goal of an energy-secure South Asia

The Hindu  

South Asia has almost a fourth of the global population living on 5% of the world’s landmass. While India relies heavily on coal, accounting for nearly 55% of its electricity production, 99.9% of Nepal’s energy comes from hydropower, 75% of Bangladesh’s power production relies on natural gas, and Sri Lanka leans on oil, spending as much as 6% of its …

India projected to grow at 8% this fiscal: World Bank
2 years, 8 months ago

India projected to grow at 8% this fiscal: World Bank

The Hindu  

India is projected to grow at 8% over the current fiscal year, and 7.1% over the next fiscal year, the World Bank said in its twice yearly South Asia Economic Focus Reshaping Norms: A New Way Forward, released on Wednesday, in the run-up to the World Bank IMF Spring Meetings. External shocks “Given these challenges, governments need to carefully plan …

ADB Projects India's Economy to Grow by 7.5 pc in FY23; to Pick Up to 8 pc Next Fiscal
2 years, 8 months ago

ADB Projects India's Economy to Grow by 7.5 pc in FY23; to Pick Up to 8 pc Next Fiscal

News 18  

The Asian Development Bank on Wednesday projected a seven per cent collective growth for South Asian economies in 2022 with the subregion’s largest economy India growing by 7.5 per cent in the current fiscal year before picking up to eight per cent the next year. Releasing its flagship Asian Development Outlook 2022, the Manila-based multilateral funding agency said the growth …

Asia set for strong growth despite Ukraine risks: ADB
2 years, 8 months ago

Asia set for strong growth despite Ukraine risks: ADB

Al Jazeera  

Asia’s developing economies are expected to grow 5.2 percent in 2022 and 5.3 percent in 2023 on the back of a strong recovery in domestic demand and exports, the Asian Development Bank said on Wednesday. The region’s strong economic outlook, however, faces risks, including Russia’s invasion of Ukraine, resurging cases of COVID-19, and interest rate hikes in the United States, …

It's India's Time, Likely to Become Third-Largest Economy by 2030-32: Mukesh Ambani
2 years, 10 months ago

It's India's Time, Likely to Become Third-Largest Economy by 2030-32: Mukesh Ambani

News 18  

India is likely to become the third-largest economy in the world by 2030-32, Reliance Industries chairman and managing director Mukesh Ambani said on Wednesday. The centre of gravity of the global economy has clearly shifted to Asia.” In 2020, Asia’s GDP overtook the GDP of the rest of the world combined. Asia is leading the march towards a more inclusive …

World Bank Report Predicts 8.3% Growth Rate for India Amidst Global Slowdown
2 years, 11 months ago

World Bank Report Predicts 8.3% Growth Rate for India Amidst Global Slowdown

The Quint  

The report added that India's economic growth rate would be faster compared to its South Asian neighbours. Pakistan's economy, on the other hand, according to the same report, will grow by 3.4 percent and 4 percent in the current and next fiscal years. On an average, the report also says that growth in emerging and developing economies will remain 4 …

Batting for ‘One South Asia’ makes more sense
3 years, 1 month ago

Batting for ‘One South Asia’ makes more sense

The Hindu  

Over the course of four days, at the G20 in Rome and COP26 in Glasgow, Scotland, Prime Minister Narendra Modi spoke at nearly a dozen events, expanding on India’s plans to counter climate change. Missing however, was any reference to India’s own region, the subcontinent, South Asia, without which India’s multiple forays on fighting climate change could well prove fruitless. …

India Projected to Grow at 10.1% in 2022 but Outlook for 2021 Highly Fragile: UN
3 years, 7 months ago

India Projected to Grow at 10.1% in 2022 but Outlook for 2021 Highly Fragile: UN

News 18  

India is forecast to grow at 10.1 per cent in 2022, becoming the fastest growing major economy in the world, the United Nations said on Tuesday, but cautioned that the growth outlook of 2021 was “highly fragile” as the country was the “new hotbed of the pandemic.” The United Nations, in its mid-year update of the World Economic Situation and …

India's GDP to Grow at 11% This Fiscal, Surge in Covid Cases May Put Economic Recovery at Risk: ADB
3 years, 7 months ago

India's GDP to Grow at 11% This Fiscal, Surge in Covid Cases May Put Economic Recovery at Risk: ADB

News 18  

The Indian economy is projected to grow at 11 per cent in the current financial year amid the “strong” vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in Covid cases may put the country’s economic recovery at “risk”. “India’s economy is expected to grow 11 per cent in fiscal year 2021, which ends on March 31, …

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