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Bangladesh State Minister for Foreign Affairs Shahriar Alam, left, and Rajesh Chadha, senior fellow at India’s National Council of Applied Economic Research, speak at the Future of Asia conference on June 6.

Lack of regional integration holding South Asia back

Regional experts call for more cooperation to truly become a 'global growth hotspot'

TSUBASA SURUGA, Nikkei staff writer | India

TOKYO -- South Asia must accelerate regional economic integration and improve connectivity to truly become a cradle of growth, according to experts at a panel discussion on Tuesday during the International Conference on The Future of Asia.

Led by India's solid performance -- and supported by relatively young populations and low wages -- South Asia's growth is expected to hit 6.8% in 2017, up from 6.7% a year ago. In 2018, growth is expected to reach 7.1%, according to the World Bank, which has described the region as a "global growth hotspot."

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