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Analysis of Key Sectors of SAARC Countries: Agriculture, Banking & Finance, Dairy, Meat, E-Commerce, FMCG, Healthcare, ICT, Manufacturing, Mining, Trade & Logistics, Tourism and Water & Sanitation Along With Production and Consumption Data (2020 - 2025)

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SAARC was originated in 1985 with the goal to increase trade and investments in the region and bring peace and prosperity. Productivity as a viable established mechanism that can help the collective development and security of the region, have arisen under increasing scrutiny. SAARC summits have not delivered any solid results, and is not likely to come anytime soon. SAARC became a contentious cycle of summits that lead to announcements of forming expert committees, which resulted in studies that eventually gather dust in libraries and postponing administrative process and work is bound to continue.

One of the biggest weaknesses to the functioning of SAARC has been the continued military and political conflict between the two nuclear equipped nations, India and Pakistan. On the surface of continued enmity and the perception of some politicians in Pakistan, that economic and other issues must be overwhelmed, unless Kashmir dispute is resolved. The SAARC summits as per Mordor Intelligence, can be termed as the ’India-Pakistan show’.

Pakistan has refused to give ’Most Favoured Nation’ status to India, and the low trade between the two nations, have a crippling effect on the goal of regional economic integration. Unluckily although ‘Article X’ was meant to protect SAARC from bilateral and argumentative issues, the actual functioning of SAARC have been weakened by this bilateral dispute between India and Pakistan. Continuous Ceasefire Violations by Pakistan, have created an indefinitely uncontrollable disputes.

India:

India among SAARC countries is the fastest growing country, with most promising opportunities and growth. India is expected to grow with a GDP growth rate of 7.5%, which is also highest in the world. India has emerged as one of the most attractive destination for investment and for doing business in the recent years. As the fastest growing economy in the world, which has not only sustained the global downturn of 2008-09, India is slated to grow at consistently higher rates during next few decades.

India has a large sized middle class which is growing, offering a large domestic market for foreign products and services. If India continues its recent growth trend, average household income will nearly triple over the next two (2) decades and it is expected to become the world’s 5th largest consumer economy by 2025, according to a McKinsey report in 2010. The consistent economic growth in India has been an important factor that has contributed towards the decline in poverty.

Pakistan:

Pakistan, neighbor of India, has shown growth prospects in 2015, growing at a GDP growth rate of 4.14%. Pakistan interest in Kashmir, holding its economic growth from a long time. Till date, Pakistan fought four (4) wars against India and lost all of them, which he himself started it. Kashmir issue is stopping the future prospects of SAARC nations.

Pakistan has a decent exports, valued at US$ 24.7 billion yearly which is one-tenth of Indian exports. China and GCC Countries are the biggest partners of Pakistan.

Bangladesh:

Bangladesh is a moderate, secular, and democratic country with a population of 160 million, achieved the 7th most populous country trademark (bigger than Russia). Bangladesh is a big potential market for U.S. exports, with a flourishing garment market providing steady export-led economic growth. Bangladesh is a young nation with lots of potential. Low cost labour and easy labour availability is helping all the sectors in the country to grow. They are steadily increasing its exports of clothing and textiles, spices and rice.

Key factors in the growth of Bangladesh are great agriculture production, huge water sources, high cotton production, young workforce and cheap labour. Developments in the transports and logistics sector have impacted the Bangladesh’s economic condition.

Sri Lanka:

Sri Lanka was facing civil war issues from 1983, which ended in 2009, after Sri Lankan Army defeated LTTE (Local organization demanding a separate country for themselves in Sri Lanka). For almost two decades, the war caused diminution of population, resources and economy. The country is currently experiencing a GDP growth rate of 6.4% in 2015, which is among highest in SAARC countries.

Bhutan:

Bhutan is a kingdom nestling in the Himalayas between two powerful nations, India and China. Bhutan has fiercely guarded his tradition but became less isolated in recent years. India has supported Bhutan from many decades, and consider it as brother of India. Bhutan GDP is lowest among Asian countries and have a high Debt to GDP ratio of 101%.

Nepal:

Nepal a land of Mountains has eight of the world’s ten tallest mountains, including the highest peak on earth (Mount Everest). High tourism have given boost to the economy of the country with a population of 27.8 million in 2015.

Maldives:

Maldives GDP is nearly equal to that of Bhutan, growing at 8.5% year on year. Because of its low GDP, Maldives growth could be fascinating and is perhaps unsubstantiated. Maldives is a large exporter of Fish to European and Asian Countries. Fish and Fish products export contributes more than 87% of total exports.

Drivers

Key factors in the growth of SAARC nations are economic growth, availability of raw materials, un-matured and untapped markets in most of the countries, rising transportation needs, young workforce and cheap labour. Slump in oil prices in 2015, helped these countries to grow at a high pace. Strong banking system, high population (large workforce), strong fundamentals and resilient growth unaffected by global recession in 2008-09, helped SAARC nations to grow even at world’s worst times.

Challenges

SAARC Countries market is badly affected by old technology, undeveloped infrastructure, traditional agriculture practices, low investments and isolated economy.

 

What the report offers

  1. Market Definition for the specified topic along with identification of key drivers and restraints for the market.
  2. Market analysis for the SAARC Countries market, with region specific assessments and competition analysis on a global and regional scale.
  3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
  4. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares. 
  5. Identification and analysis of the Macro and Micro factors that affect the SAARC Countries’s market on both global and regional scale.
  6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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