Real income of developing Asia can reach a whopping 13 trillion dollars in the next 10 years, if an investment of 8.3 trillion dollars is made to develop pan-Asian connectivity by transport, communication and energy. A study undertaken by the Asian Development Bank (ADB) along with Asian Development Bank Institute (ADBI) said that Asia's diversity is its strength, which provides opportunity for trade investment and economic growth.The report however said, without good connectivity, diversity is breeding disparity rather than prosperity.The study said that if the global financial turmoil is prolonged, it will depress Asia's production but Asia's vast domestic savings can serve as the main source of financing for the continent's infrastructure.
News On AIR | September 16, 2010 10:59 AM