This offers a strategic economic advantage to our country and the fastest-growing southern Indian States,” Mr. Wickremesinghe said while speaking at the India Economic Summit hosted by the World Economic Forum and Confederation of Indian Industry (CII) in the capital. “These five States, with Sri Lanka, have an economy, whose GDP is equivalent to that of Sweden,” Mr. Wickremesinghe said. BIMSTEC stands for Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation and its members are Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. The Chinese have agreed,” Mr. Wickremesinghe asserted. Otherwise we create our own system and deliver (on making our people happy) by building our own markets,” Mr. Wickremesinghe remarked.

Source: The Hindu October 06, 2016 09:56 UTC