India hold an important place in south asia. Explain
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India’s recovering growth will drive South Asia to the fastest growing region, said World Bank’s biannual South Asia Economic Focus released on Sunday.
India is forecast to grow 7.3% in the current fiscal and 7.5% the next year, while South Asia will grow 6.9% in 2018 and 7.1% in 2019, the report said.
It said while demonetisation and the goods and services tax (GST) are expected to increase the formalization of payments and the efficiency of transactions in India, they both created short-term disruptions in economic activity.
India is forecast to grow 7.3% in the current fiscal and 7.5% the next year, while South Asia will grow 6.9% in 2018 and 7.1% in 2019, the report said.
It said while demonetisation and the goods and services tax (GST) are expected to increase the formalization of payments and the efficiency of transactions in India, they both created short-term disruptions in economic activity.
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