India leads South Asia's growth, but China+1 gains remain uncertain: World Bank economist
New Delhi, Aug. 25 -- India remains the main driver of growth in South Asia, growing about two percentage points faster than the average emerging-market and developing economy, even as the country's opportunity to benefit from shifting global supply chains remains uncertain, said Franziska Ohnsorge, World Bank Chief Economist for Asia, in an exclusive interview with Mint.
She added that the clearest gains from the China+1 strategy were being seen in Vietnam and Cambodia, where exports are growing rapidly to markets around the world, compared with India. The Bank had raised its forecast for India's growth to 6.6% in June from 6.5% in January, with Ohnsorge attributing the revision to very strong incoming data, particularly the first-quart...
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