Despite the weak growth among the major emerging market in South Asia, Pakistan’s GDP is expected to accelerate to 4.5 per cent against the growth of 7.8 per cent of its neighbouring country India, according to the World Bank’s January 2016 Global Economic Prospects released on Thursday.
“For fiscal year 2016-17, India, the dominant economy in the region, is projected to grow at a faster 7.8 per cent and growth in Pakistan (on a factor cost basis) is expected to accelerate to 4.5 per cent,” the report said.
The South Asia region is projected to be a bright spot in the outlook …read more
Source: Pakistan Today
