South Asian Economy
The South Asian economy comprises countries like India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, and the Maldives. This region is characterized by a mix of agriculture, manufacturing, and services, with agriculture being a significant source of employment. Rapid urbanization and a growing middle class are driving economic growth, particularly in India and Bangladesh.
Despite its potential, the South Asian economy faces challenges such as poverty, unemployment, and political instability. Trade among these countries is limited, but initiatives like the South Asian Association for Regional Cooperation (SAARC) aim to enhance economic collaboration. Addressing infrastructure deficits is also crucial for sustainable development.