The output growth and enhanced efficiency is led by domestic entrepreneurial class. It is private-sector- and business-led, though the public sector still dominates. It is decentralised and bottom-up.
The growth is enabled by the public policies, banking system, capital markets, foreign direct investment, export demand, etc., but the main thrust – the push and the pressure – is coming from the domestic entrepreneurship, domestic investment and consumption demand. Thus, there are good prospects that the growth in South Asia will be self-accelerating and reasonably stable.