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South Asia Economic Focus, Fall 2016

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Abstract

South Asia defies a sluggish world economy and continues its path of gradual acceleration during 2016. Led by a solid India, the region remains a global growth hot spot. While South Asian economies proved resilient vis-à-vis external headwinds such as China’s slowdown or uncertainty surrounding monetary policy in advanced economies, some are beginning to feel the sting from slowing remittance flows or waning oil price dividends. Against this backdrop of relative stability but fading tailwinds, India is set to grow at 7.6 percent in 2016, the same speed as in 2015, but may increase its pace again in 2017 to 7.7 percent. The region will remain steadfast in the face of future volatility and is expected to grow at 7.1 percent in 2016, however, its medium term performance strongly hinges on investment and exports. Downside risks are concentrated around political uncertainty as well as fiscal and financial vulnerabilities. While export growth is set to return to positive territory, it will deliver only gradually as global demand picks up. A reality check reveals that private investment – the key future growth driver across South Asia – is yet to be ignited to sustain and further increase the pace of economic activity.

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  • World Bank, "undated". "South Asia Economic Focus, Fall 2016," World Bank Publications - Reports 25096, The World Bank Group.
    • Handle: RePEc:wbk:wboper:25096
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    Cited by:

    1. Huisman, J., 2018. "The Effects of Innovation and Investment Climate on Employment in South Asia," Other publications TiSEM 0ef2f6dc-849f-4386-bbee-8, Tilburg University, School of Economics and Management.
    2. Shruti Shastri & A. K. Giri & Geetilaxmi Mohapatra, 2018. "Testing the Sustainability of Current Accounts for Major South Asian Economies," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 19(1), pages 1-21, March.
    3. Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Ye,Lei Sandy & Islamaj,Ergys, 2017. "Weakness in investment growth : causes, implications and policy responses," Policy Research Working Paper Series 7990, The World Bank.
    4. GUPTA Monika, 2019. "Decomposing The Role Of Different Factors In Co2 Emissions Increase In South Asia," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(1), pages 72-86, April.
    5. Ram Kumar Singh & Vinay Shankar Prasad Sinha & Pawan Kumar Joshi & Manoj Kumar, 2021. "A multinomial logistic model-based land use and land cover classification for the South Asian Association for Regional Cooperation nations using Moderate Resolution Imaging Spectroradiometer product," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(4), pages 6106-6127, April.

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