Greater integration could boost intra-South Asian trade
The Dollar Business Bureau South Asia will be the fastest growing region in Asia and the regional cooperation and integration in South Asia is vital for countries to improve competitiveness and productivity, said Takehiko Nakao, President, Asian Development Bank (ADB). The ADB president was speaking at the Informal Meeting of the South Asian Association for Regional Cooperation (SAARC) Finance Ministers in Baku, Azerbaijan. Referring to the ADB’s recently released Asian Development Outlook, the ADB president said, “The South Asian Economy is expected to grow by 7.6% in 2016 and 7.7% in 2017.” And, this positive outlook can further be enhanced by at least half a percentage point through accelerating regional integration, he said. “A greater integration could generate more than US$ ...
Indias export growth likely to touch 7% in FY2016: Report
The Dollar Business Bureau As global growth momentum improves and moderating inflation boosts competitiveness, India’s export growth is expected to be at 3.2% for FY2015 and might inch up to 7% in FY2016, said Asian Development Outlook (ADO) 2015, an annual publication of the ADB (Asian Development Bank). In FY 2016, the current account deficit will expand to 1.5% as recovering oil prices raise oil imports. Rising industry and investment will raise demand for imports other than commodities, bringing overall import growth to 5%. Further growth recovery in the advanced economies would boost exports, and petroleum exports would benefit from higher oil prices, the report added. Stating that the government investment in infrastructure for energy, transport and industry is ...
