Chute
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Moreover, Pakistan must (should) have realised during this crisis how much they lack both in competitiveness and capability to compete on a global scale. Indian will annihilate them in the manufacturing sector. They need to be thinking about how to increase their own exports and make them more value added rather than let India come and take over. In short, a near impossibility.
Please read my earlier reply on this thread.
I doubt there will be a huge reset (by having India on a more "neutral" footing of protectionism level Pakistan has with rest of world) within the 80 billion (merchandise) import total Pakistan does at current setting.
One can look at the OEC breakup:
and compare it with say what India exports to BD compared to what China exports (amounts and component split)....given BD has higher GDP than Pakistan now, has better macroeconomic indicators (certainly in foreign exim) and has relatively same protectionism levels for India and China.
It will be obvious to quickly see there wont be huge changes at all (India simply isnt that competitive a manufacturer in the world at large that Pakistan imports from mostly)....and what changes there are will benefit Pakistan (saving costs or consuming more like I mentioned earlier) to be able to provide one small conduit to becoming an exporter (by some small easing of overall external financial pressure this brings about) long term by the topic of investment reform.
You can look at the merchandise breakup for India's exports to the world to begin with actually (to markets far richer and having far less protectionism to India).
i.e India is decidedly not a "manufacturing annihilator" next to China (that Pakistan is already importing most of its non-energy from in addition to other countries) and there will not be some huge shift past what logistics cost savings India can pass on to Pakistan on some goods (probably will be agriculture goods, perishable goods, intermediates and similar things).
Its China thats annihilating most developing countries in manufacturing right now (in especially the largest value added products in highest demand in world today).... given the huge amounts of investment over large amounts of time underlying it all (and now slowly wearing away by labour costs, demographics and western concerns about supply chains etc).
There is no scope at all about "India coming over to take over" Pakistan's current import composition + level (especially given the extra brittle inelasticity this now endures by trickling atrophied investment flows, internal or external) ... much less investment composition and level. Not at this juncture and very unlikely this decade while India is lagging China (and still others) this much.