Media Type

Talk

Publication Date

5-3-2013

Description

South Asian economies have grown rapidly during the last two decades recording an average growth rate of 6 percent annually. The rate had accelerated in the early 2000s to 7 percent before coming down in 2008, and 2009. Before the global financial crisis in 2008, India's growth rate was a staggering 9 percent and Pakistan, Bangladesh and Sri Lanka around 7 percent. Consequently, the Incidence of poverty declined to 10 percentage points or more in India, Pakistan and Bangladesh.

Notes

Address delivered at the South Asia Rotary Summit held at Hyderabad, India on May 3, 2013. IH0418

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