In Bhutan, growth is expected to remain robust, rising by a projected 17 percent in 2007—a sharp acceleration from the estimated 5.5 percent in 2006.
• This is driven primarily by the effects of the Tala hydropower project (the plant is expected to begin operating at full capacity in mid-2007), and to a lesser extent by the expanding tourism industry.
• Growth in Bhutan is expected to decelerate to 10 percent in 2008 and 5 percent in 2009 as impacts of the hydropower project unwind.
In India, GDP increased by 9.2 % although signs of slowing appeared at the end of the year.
• India's restrictive policy conditions are expected to lead to deceleration in investment growth and weaker private consumption and government spending, contributing to a slowdown in GDP growth to 7.8 percent and 7.5 in 2008 and 2009, respectively.
In the Maldives, an expansion of GDP growth is expected to be supported by the ongoing reconstruction effort following the devastating December 2004 tsunami.
Growth is projected to strengthen in Nepal due to improved political conditions and cessation of fighting.
Pakistan's GDP increased by 6.6 percent in 2006 significantly down from the 7.8 percent growth rate recorded the previous year.
Sri Lanka is projected to hover close to 6.0 percent during 2007–09, down from 7.4 percent in 2006, due to disruptive effects of civil war.
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