Maldives to top South Asian economy, followed by Bangladesh: World Bank Economy
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Maldives to top South Asian economy, followed by Bangladesh: World Bank

Bangladesh Live News | @banglalivenews | 31 Mar 2021, 06:59 pm

Dhaka, March 31: The World Bank predicts that the South Asian economy will recover from the effects of the corona. It said the average growth of South Asia's gross domestic product (GDP) in 2021 could be 7.2 percent. In the next 2022 fiscal year, the average growth may be a little less than 4.4 percent.

The World Bank said in a report titled 'South Asian Economics Bounce Back But Face Fragile Recovery' on Wednesday (March 31).

The Maldives will be the best South Asian country in the current financial year, the report said. Then Bangladesh. Maldives will do best in the next financial year, then India and Bangladesh will move to the third place.

According to the World Bank, at the end of the 2021 fiscal year (January to December), the growth of the Maldives could be 17.1 percent. In the fiscal year 2022, the growth may be 11.5 percent. No other country in South Asia is close to the Maldives in terms of growth.

According to their forecast, Bangladesh's growth in the 2021-22 fiscal year (June-July) could be 5.1 percent. Then in the next 2022-23 fiscal year, the country may achieve growth of 6.2 percent.

In the 2020-21 fiscal year (April to March), India's GDP growth could be negative at 8.5 percent. However, in the next fiscal year 2021-22 (April-March) the country will turn around.

In this financial year, their growth will be 10.1 percent and in the fiscal year 2022-23, the growth will be 5.8 percent.

Afghanistan will grow its GDP by 1 percent in FY 2021 (December to December) and 2.6 percent in FY 2022.

Sri Lanka's GDP growth could be 3.4 percent in FY 2021 (January to December) and 2 percent in FY 2022.

In FY 2021-22 (July to June), GDP growth in Bhutan could be 2.9 percent and in FY 2022-23 it could be 4.5 percent.

In Nepal, the growth could be 2.7 percent in the 2020-21 fiscal year (mid-July to mid-July), 3.9 percent in the 2021-22 fiscal year and 5.1 percent in the 2022-23 fiscal year.

Pakistan's GDP growth in 2020-21 (July to June) could be 1.3 percent, 2 percent in 2021-22, 3.4 percent in 2022-23.