Hit by Indian slowdown, S Asia nations must work hard: WB

October 10, 2013 18:13

Noting that India's slowdown has significant spillover effects on the rest of South Asia, the World Bank has said South Asian countries need to work hard on reforms.

Observing that the turmoil in global capital should come as a wake-up call for South Asia, which was the second-fastest growing region in the world in the aftermath of the global crisis, the World Bank on Wednesday said its recent performance has been less stellar, and it has been sustained by potentially volatile portfolio inflows.

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