World Bank has downgraded the overall economic growth prospect of India and other South Asian countries to a mere 4.6% in 2002 from the global economic prospects 2002 forecast of 5.3% GDP growth. In a report on global economic prospects and the developing countries in 2002, the World Bank said that "the recent global economic slowdown, adverse weather conditions and internal and external security concerns have reduced growth figures for South Asia region in 2002'