The real threat from NaMo

[punit]

Imran Khan, who?

Aamir khan ka bhanja

 

[Contrarian]

What better way to carve out a nice 15% increase in the defense budget despite a failing economy? Build up the hype, and cash in, while using this hype to undermine the peace efforts by the elected PM.

The sad part is that this will likely succeed.

Ironically..It is quite good for India that this happens.

The more Pakistan cuts from its development budget to finance its military, the greater the economic gap between India and Pakistan. Which initself will force PA to take even more from the budget.

PA will then try to bridge the gap by forcing Pakistan to become a rentier state. Taking money and weapons from US/China in exchange for services and policies suitable for those nations. This will lead to social polarization and instability.

 

[VCheng]

Ironically..It is quite good for India that this happens.

The more Pakistan cuts from its development budget to finance its military, the greater the economic gap between India and Pakistan. Which initself will force PA to take even more from the budget.

PA will then try to bridge the gap by forcing Pakistan to become a rentier state. Taking money and weapons from US/China in exchange for services and policies suitable for those nations. This will lead to social polarization and instability.

The defense budget is already the largest expense after debt servicing, and rising still further. You are correct that this will be a losing game for the Pakistani side if they do not wise up.

 

[Contrarian]

A very sensible article indeed. I feel its a golden oportunity for Pakistan to mend the ties and work along India for the betterment of their economy. I say golden opportunity because, under Modi India is set to grow to new heights...it will be even more difficult for Pakistan to catch us once India gains the momentum. As far as the perception built in the minds of Pakistanis about Modi regarding him being a Hindu extremist is concerned, I think that perception is totally a wrong one. They think of modi as an extremist but hardly are aware of his qualities as a visionary leader who is crazy about development.

The unidirectional thinking of Pakistani's and Pakistan as a society is extra-ordinarily beneficial to us.

That their world view and social views are shaped 99% by religion gives us an ability to blindside Pakistan as a nation whether intentionally or unintentionally.

This author is very right, the real threat from Modi to Pakistan is not in his extremist views, but how he sets the stage for an economic revival and foundation for the next 10 years of very fast economic growth.

That's blasphemous to most of our Pakistani friends here! Trade be damned! A better future be damned. Poverty alleviation etc be damned! It's Kashmir first - always and every time. Unless Kashmir is handed over to Pakistan, nothing's going to change where Pakistan is concerned!

Well, good luck to them. Because that's not going to happen. And therefore Pakistan it seems will continue to spend those billions on a useless India specific nuke program which is the fastest growing in the world, instead of concentrating on its economy and trade with India.
Something wrong with the priorities of the Establishment, what?

Those Pakistani Establishment policies are good for us in the long run though it would be painful to India in the short run.

 

[hussain0216]

The Pakistani military has never been excessive in its spending, its been reasonable.

Whilst Pakistan has been in economic stife the Military has not taken multi billions to procure items we do not require, the basics have been done to maintain an effective war machine and deterrant

We live in a tough neighbourhood with a much larger enemy to deal with, not planning for this enemy would be suicide.


Pakistans own aims should be to imrrove our economy and their have been good signs recently, a simple end to power shortages would allow the Pakistani economy to grow by 5-7% mixed with good fiscal policy and Pakistan could be set to see a decade plus of high growth

Which would thus allow military spending to increase, their is no reason to allow india our enemy a entry into a Pakistani market which could reap benefits for it

Pakistan needs to remain forcused

 

[Abingdonboy]

anyway indian does believe that Modi will give them better economy but the fact is that they are gonna miss the MMS govt,They might disagree with me now but after 2-3 years they will have no reason but to accept the fact.

Wishful thinking. Tell me how Indians would miss the UPA who had undermined the economist PM at almost every turn? The mandate Modi now has with the sole power in his hands (as opposed to the duel power centres under UPA) means he is set to do a LOT more than MMS could ever have hoped to do.

The GDP Growth rate of india is set to remain around 6% for the next couple of years as is claimed by IMF and World bank etc

This was based on a hung parliament after the general elections in 2014 but NO ONE saw Modi achieving the kind of mandate he did. As such those 6% figures are woefully outdated. As you can see for yourself the moment that it became clear Modi was going to win and by some margin the stock markets in India sky rocketed and have been doing so ever since. This shows you the confidence there now is in Modi and the Indian govt to conduct the kind of reforms necessary to see higher growth. This year won't be much higher than forecast but Morgan Stanley before the elections predicted 6.8% growth for 2015-16 you can guarantee this will now be much higher and from 2016 onwards even higher than that.

 

[Mirza Jatt]

The unidirectional thinking of Pakistani's and Pakistan as a society is extra-ordinarily beneficial to us.

That their world view and social views are shaped 99% by religion gives us an ability to blindside Pakistan as a nation whether intentionally or unintentionally.

This author is very right, the real threat from Modi to Pakistan is not in his extremist views, but how he sets the stage for an economic revival and foundation for the next 10 years of very fast economic growth.

I wouldnt call it beneficial to us, really. As long as we take it as a competition, yes we will continue to beat them. but overall India can prosper more if Pakistani society and the govt breaks this prism of religion. we are already suffering because of their mistakes. A large chunk of our resources are unfortunately go directed towards them.

 

[Contrarian]

I wouldnt call it beneficial to us, really. As long as we take it as a competition, yes we will continue to beat them. but overall India can prosper more if Pakistani society and the govt breaks this prism of religion. we are already suffering because of their mistakes. A large chunk of our resources are unfortunately go directed towards them.

That is because currently the gap between India and Pakistan is minimal - per capita.
Once the gap becomes substantial ie over 100%, you would start to see changes.

 

[Gandhi G in da house]

The real threat from NaMo ​

As Narendra Modi takes the oath of office of prime minister of India, Pakistanis are predictably panicking for precisely all the wrong reasons. Modi’s Hindu nationalism has most Pakistanis riled up in a self-righteous fit of rage against the new leader of the world’s largest democracy even though it will have almost no direct impact on any of us. Meanwhile, we are ignoring what should frighten the living daylights out of any Pakistani concerned about the country’s long-term competitiveness: Modi’s economic agenda.

But first, a bit of background. In 1988, the per capita income of the average Indian was 32 per cent lower than that of the average Pakistani. By 2012, the figures had reversed: the average Indian was 33 per cent richer than the average Pakistani, purchasing power parity terms, according to data from the World Bank. Even more depressing than that reversal? The crossover took place in 2005, a year that was supposed to be one of the best in Pakistani history for economic growth. Simply put: even our best was not good enough to keep pace with the rise of the Indian economy.

The steady, relentless rise of India’s economy started in the early 1990s, when the country was forced to admit the failure and unsustainability of a command-and-control, subsidy-dominated economic agenda and initiate market reforms. That unleashed a tsunami of Indian economic dynamism that propelled their economy forward into the ranks of the world’s largest, leaving Pakistan behind. It was not always so, and indeed, it does not necessarily need to be so.

While Pakistanis should forever banish the idea that our country will ever be as large or as important as India in economic terms, we can and should strive to compete on a per capita basis, especially when considering the fact that the average Pakistani was richer than the average Indian for most of our respective histories. While some of this is due to external support from the United States, much of the difference in the economic performance of Pakistan and India can be attributed to the fact that Pakistan has always had a slightly more open and liberal economy than India. As difficult as it is to be an entrepreneur here, it has historically been even more difficult on the other side of the Wagah.

Indeed, Modi was elected in a wave of popular support precisely because the Indian economy has not opened up nearly enough. The stalled pace of reforms led to a sharp slowdown in the pace of growth from the Indian economy (from eight per cent to just under five per cent, which is still impressive by Pakistani standards) and led to a demand from voters for change. To quote Sadanand Dhume from The Wall Street Journal, they responded to his “Thatcherite mantra of ‘maximum governance, minimum government.’”

As a Pakistani, my concern is not that Modi will be nasty to India’s Muslims. My concern is that he will continue to dismantle the sclerotic legacy of Nehruvian socialism and in turn vault the Indian economy to an even bigger lead ahead of Pakistan than it has now. I am, of course, happy for the prosperity that my Indian neighbours will enjoy if Modi succeeds. I am just afraid of my own country being left behind. We are not exactly good at dealing with economic resentment.

To their credit, the Nawaz leadership has avoided the kind of populist rhetoric that has been all too evident in the media. The prime minister himself appears dedicated to improving ties with India, in particular economic ties.

As the two countries move the dialogue forward, it will be important for Pakistani negotiators to focus on our core economic strengths. That means acknowledging that as trade opens up with India, some industries will benefit while others may suffer or even perish. As Modi takes office, Pakistanis should focus on the economic opportunity his inauguration represents, not any potential impact on civil liberties in India it may have. We do not exactly stand on the moral high ground when it comes to the treatment of minorities.

The real threat from NaMo – The Express Tribune

Hehehe... he is too honest.

 

[illusion8]

I thought Pakistan was a threat to itself and it's surrounding neighbors and had a nuisance value to India.

It most likely remains the same for Mr.Modi in all likelihood. As the author of this piece rightly pointed out - we left Pakistan behind a decade and a half ago and Modi's not in the mood of turning back.

 

[IND151]

The real threat from NaMo ​

As Narendra Modi takes the oath of office of prime minister of India, Pakistanis are predictably panicking for precisely all the wrong reasons. Modi’s Hindu nationalism has most Pakistanis riled up in a self-righteous fit of rage against the new leader of the world’s largest democracy even though it will have almost no direct impact on any of us.Meanwhile, we are ignoring what should frighten the living daylights out of any Pakistani concerned about the country’s long-term competitiveness: Modi’s economic agenda.

But first, a bit of background. In 1988, the per capita income of the average Indian was 32 per cent lower than that of the average Pakistani. By 2012, the figures had reversed: the average Indian was 33 per cent richer than the average Pakistani, purchasing power parity terms, according to data from the World Bank. Even more depressing than that reversal? The crossover took place in 2005, a year that was supposed to be one of the best in Pakistani history for economic growth. Simply put: even our best was not good enough to keep pace with the rise of the Indian economy.

The steady, relentless rise of India’s economy started in the early 1990s, when the country was forced to admit the failure and unsustainability of a command-and-control, subsidy-dominated economic agenda and initiate market reforms. That unleashed a tsunami of Indian economic dynamism that propelled their economy forward into the ranks of the world’s largest, leaving Pakistan behind. It was not always so, and indeed, it does not necessarily need to be so.

While Pakistanis should forever banish the idea that our country will ever be as large or as important as India in economic terms, we can and should strive to compete on a per capita basis, especially when considering the fact that the average Pakistani was richer than the average Indian for most of our respective histories. While some of this is due to external support from the United States, much of the difference in the economic performance of Pakistan and India can be attributed to the fact that Pakistan has always had a slightly more open and liberal economy than India. As difficult as it is to be an entrepreneur here, it has historically been even more difficult on the other side of the Wagah.

Indeed, Modi was elected in a wave of popular support precisely because the Indian economy has not opened up nearly enough. The stalled pace of reforms led to a sharp slowdown in the pace of growth from the Indian economy (from eight per cent to just under five per cent, which is still impressive by Pakistani standards) and led to a demand from voters for change. To quote Sadanand Dhume from The Wall Street Journal, they responded to his “Thatcherite mantra of ‘maximum governance, minimum government.’”

As a Pakistani, my concern is not that Modi will be nasty to India’s Muslims. My concern is that he will continue to dismantle the sclerotic legacy of Nehruvian socialism and in turn vault the Indian economy to an even bigger lead ahead of Pakistan than it has now. I am, of course, happy for the prosperity that my Indian neighbours will enjoy if Modi succeeds. I am just afraid of my own country being left behind. We are not exactly good at dealing with economic resentment.

To their credit, the Nawaz leadership has avoided the kind of populist rhetoric that has been all too evident in the media. The prime minister himself appears dedicated to improving ties with India, in particular economic ties.

As the two countries move the dialogue forward, it will be important for Pakistani negotiators to focus on our core economic strengths. That means acknowledging that as trade opens up with India, some industries will benefit while others may suffer or even perish. As Modi takes office, Pakistanis should focus on the economic opportunity his inauguration represents, not any potential impact on civil liberties in India it may have. We do not exactly stand on the moral high ground when it comes to the treatment of minorities.

The real threat from NaMo – The Express Tribune

Interesting Article.

Modi’s Hindu nationalism has most Pakistanis riled up in a self-righteous fit of rage against the new leader of the world’s largest democracy even though it will have almost no direct impact on any of us.

@Aeronaut

 

[IND151]

Wishful thinking. Tell me how Indians would miss the UPA who had undermined the economist PM at almost every turn? The mandate Modi now has with the sole power in his hands (as opposed to the duel power centres under UPA) means he is set to do a LOT more than MMS could ever have hoped to do.


This was based on a hung parliament after the general elections in 2014 but NO ONE saw Modi achieving the kind of mandate he did. As such those 6% figures are woefully outdated. As you can see for yourself the moment that it became clear Modi was going to win and by some margin the stock markets in India sky rocketed and have been doing so ever since. This shows you the confidence there now is in Modi and the Indian govt to conduct the kind of reforms necessary to see higher growth. This year won't be much higher than forecast but Morgan Stanley before the elections predicted 6.8% growth for 2015-16 you can guarantee this will now be much higher and from 2016 onwards even higher than that.

If we have average growth rate of 7 plus % for next 10 years, it will be enough.

 

[indiatester]

If we have average growth rate of 7 plus % for next 10 years, it will be enough.

I need double digit growth.

 

[Contrarian]

If we have average growth rate of 7 plus % for next 10 years, it will be enough.

7% is the minimum we should target.

There was a report a while back that just to absorb the new labour entering the market each year, we need to grow at 7%. That means at 7% we would just maintain the current employment ration. Below that we are increasing unemployment year on year.

So 7 is bare minimum. We need to improve that.

 

[IND151]

I need double digit growth.

It will not be possible unless we have large manufacturing sector, which needs serious reforms.

In early 1990s we used to have average GDP growth rate of 11% even without reforms, but then our econmy was small and we had smaller economic base.