The economies of South Asia, including India, have been resilient in the face of the turmoil in global financial markets and worries over a US recession, World Bank said on Friday.

Releasing the “Global Economic Prospectus 2008” report here, Mr Andrew Burns, lead author of the GEP 2008 Report said, “Stock markets and growth in South Asia recovered quickly from the increase in volatility in global credit market that erupted a few months ago. Our expectation is that the region’s robust performance will be sustained despite the recent political upheaval in Pakistan.”

Mr Burns maintained that India was by far the strongest performer in South Asia with an estimated 9 per cent growth in 2007 and GDP growth in the country is expected to remain vibrant, despite decelerating moderately to 8.4 per cent in 2008.