islamabadAmazed by India’s growing stature on the global stage, Pakistani daily, The Express Tribune, for the first time praised India, which is relevant not only in its size and girth but also for its footprint across the globe. Shahzad Chowdhary, a political, security and defense analyst, writing an opinion piece in The Express Tribune, says, “If I were Henry Kissinger, I would have written a treatise ‘on India’. Such a monumental change in India’s fortunes One state and one player primarily in Asia and broadly on the global stage.”
When India overtakes UK to become 5th largest economy in 2022
Notably, India overtook the UK to become the world’s fifth largest economy last year and aims to become the world’s third largest by 2037, while Pakistan’s economy is running on financial aid from the global community. .
The generous response of over USD 8 billion from the international community has come as a major relief to cash-strapped Pakistan after devastating floods last year that claimed 1,739 lives and affected 33 million people. Fighting to rebuild in a climate-resilient way. ,
Pakistani security and defense analyst praises Indian economy
Furthermore, Chowdhury praised India for having foreign exchange reserves of over USD 600 billion, which is the fourth largest in the world, while Pakistan currently has only USD 4.5 billion. Pakistan is in the midst of its gravest crisis since 1971. The political economy has been torn to pieces through self-inflicted wounds, its international stature has crumbled.
Comparing India with China, the world’s second largest economy after the US, he said, “its growth rate in GDP matches that of the best performing economies in the last three decades after China.”
“India jumped from USD 100 billion in reserves in 2004 to just 9.2 in 1992. Under Manmohan Singh, India increased its reserves to USD 252 billion in 2014. Under Prime Minister Narendra Modi these 600 billion and has a GDP size of over USD 3 trillion. This is huge progress which makes India a preferred destination for all investors,” Chowdhury said.
lack of FDI in Pakistan
Meanwhile, foreign investors avoid bringing money into Pakistan due to various factors such as political instability, inconsistency of macroeconomic policy, terrorism, corruption and energy shortage.
In the last two decades, Pakistan has tried to implement several FDI-friendly measures. Extensive structural reforms have been attempted by the country to attract multinational companies which can become enablers of economic growth and job creation in the country.
However, effective implementation of such measures has been slow due to ground-level problems in the country including red tape, bureaucratic slowness, rampant corruption, misguided ideology and extremism, Islam Khabar reported.
Praising for “coherent and functional politics” which Pakistan has been devoid of since its formation, he said, “India is one of the top producers in agricultural products and IT industry. Their yields per acre in agriculture are among the best in the world.” And despite being a country of over 1.4 billion people, it has remained a relatively stable, coherent and functional polity. Their system of governance has stood the test of time and is notable for its resilience to the fundamentals necessary for a robust democracy. has been proved.”
Spilling salt on Pakistan, he also talked about its allies, Saudi Arabia, he said, “Saudi Arabia, Pakistan’s brother announced investment of over USD 72 billion in India, while we get USD 7 billion from it.” Promise to invest USD. Pakistan.”
‘India beats Pakistan politically on Kashmir’
He said India on Kashmir was politically pushed by Pakistan by revoking Article 370 of its constitution, which gave the region special status if not disputed.
“Incidentally, India’s global footprint is remarkable. It has been invited to the G7 and is a member of the G20. It is important for equal progress in times of climate change, pandemics and technology to represent one of the global South’s Leading the movement. Infiltrating. It has a blueprint to establish its own domain on the foreign policy front and is sticking to it.
“Russia is under US sanctions, and no one can trade freely with Russia except India, which buys Russian oil on preferred terms and then to help an old patron earn dollars indirectly exports it again. Two opposing military superpowers of the world claim India as its ally. If this is not a diplomatic coup, then what is?” Chowdhary said.
He further advised Pakistan to “restructure its policy on India” by “moving away from tradition” and “turning geo-economics into a strategy” or else Pakistan may be “reduced to the footnote of history”.