Economic Condition of South Asia: A Comparative Analysis
Sufian Ahammed1*, Abdullah Mohammad Sharif 2*
Citation :Sufian Ahammed, Abdullah Mohammad Sharif , Economic Condition of South Asia: A Comparative Analysis International Journal of Humanities Social Sciences and Education 2017,4(7) : 60-70
Economy plays an important role in the development of a nation. It has regional importance too. Countries of good economic territory are able to improve themselves fast. South Asia, being the lucrative business area in the world at this century, has importance in economic issues. The study aims to reveal the most attractive countries of this region for investment. Bangladesh, India, Sri Lanka, Nepal and Bhutan were taken for analysis. Six economic indicators, economic growth, per capita GDP, inflation rate, trade balance, foreign reserve, and unemployment rate were considered. Statistics from ADB, WB, and IMF were the primary input. The study finds that India, Bangladesh and Bhutan have a positive growth rate, whereas Sri Lanka and Nepal have a negative growth rate. Sri Lanka pose best in per capita GDP whereas Nepal is in the lowest position. Bangladesh, India and Sri Lanka have done well in decreasing their trade balance, Bhutan and Nepal have failed. The trade balance of India is highest. A stable political condition, well decided policies of the governments make Bangladesh and India most attractive investment destination of South Asia.