The latest research by the International Monetary Fund has indicated that led by India, South Asia is moving towards becoming driver of global growth and could contribute about one-third of the world’s growth by 2040. Ahead of the release of IMF’s paper titled ‘Is South Asia Ready for take Off? A sustainable and inclusive growth agenda,’ Anne-Marie Gulde-Wolf, Deputy Director, Asia and Pacific Department, IMF stated “We have a region with a massive potential for demographic dividend. (This is), a region that has been seen over the recent past significant growth spurt.”
Some of the recommendations for the region include further progress in revenue mobilisation and fiscal consolidation; greater trade and foreign direct investment (FDI) liberalisation; and investment in people.
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