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Jul23
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Apr29
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3 weeks ago, ADB predicted that Indian economy will grow at 7.6% this year and now ADB is saying that if the price of oil in the international market continues to remain high than it will change its forecast about the Indian economy.
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Apr 8
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Despite the fact that Sri Lankan government is engaged into a massive infrastructure rebuilding program after the devastation of Tsunami, Sri Lankan GDP growth remains to be healthy (in the range of 5%-6%). ADB thinks that for , civil war is a larger threat than Tsunami.
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The only good news for Nepalese economy according to ADB report is that in FY 2007, GDP growth may reach to 3.4%. This will happen only if Nepalese government can manage to reach a peaceful solution to the violent conflict.
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Apr 7
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Pakistan had 8.4% GDP growth in FY2005 (ended 30 June 2005) and it was the highest in the last two decades. However, ADB has predicted a growth rate of 6.5% for FY 2006 and 7.3% for FY 2007.
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Before Tsunami hit along with the other parts of
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