Be ready to be confroted if you come to our forums and make nasty comments about our country and the projects. Now, imagine a Pakistani went to an indian forum and said something similar about any of the indian projects. He will be abused and banned.
First of all i never made any nasty comments, refer to my post. I was looking for what is called gentlemen discussion. But if you come to this forum just to get your but hurt always, then their will always be trolls, I agree some indians do that but same do the pakistanis. Its a two man show please refrain from dragging anyone like me who is not willing to get involved into this. Anyways do you have any useful information ? or leave it
Don't worry about us we will be Ok we have several guarantor to back us up we know our cards well for India to be more stable economy I will give you EC101 lesson that will guide you how Gov lies specially the Indian to its people
Indian GDP chunk is balances mainly by FDI infact FDI are invested to export items and in the process Indian economy is pushed forward If you look closer the FDI numbers and countries you will understand the 1999 Malaysia/Indonesia crisis and how stable economies were collapsed over night there is a reason why the rating of India is poor as compared to similar economies
2017-05-02 BBB- (Stable)
http://countryeconomy.com/ratings/india
I Frankly tride to understand the rating and your reason, but only thing that I got was you FDI logic. here is the link for 1997 crisis
https://en.wikipedia.org/wiki/1997_Asian_financial_crisis as I consider wikki to be a credible source. It clearly states that their were two reasons for the collapse
1) Excessive Loans where the payout were more than what country can affoard
2) Lack of foreign reserves which abided their currency to stand by US dollars.
Now for india FDI, 2 years back the maximum FDI was limited to 25% which has been increased to 49 % and 100% in special cases. This was done to again just as you saying FDI in export items help your economy move. Prior to that indian economy growth was mainly due to 2 reasons 1) Agricultural outputs 2) IT services which were alot cheaper from any part in the world hence enabling companies to utilise the cheap workforce and helped the nation to move so basically india has little to worry about such crisis in near future. These were also the reasons why india remained pretty stable while the world was shook in 2009 financial crisis.
Lets come to CPEC, the original plan was 41.6 billion which increased to 52 and now 62 billion in 2017. What I believe is
https://www.dawn.com/news/1225339 see this the non transparent investments. Pak does not know what money is spend and how much.
Workforce is chinese so pakistan is actuly enploying chinese that too on loan
Actual cost estimations is not with the government it basically accepts whatever chinese say, because of little transparency govt is not able to calculate on own the costs and hence if I go by some random economists they prdict costs to be as hich as 94 billion by 2019.
What am I saying is that no matter its very good boost for pakistan, but is it all that is there ?? A big question in my mind
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