When our own politicians give up the initiative to properly govern, failing to pass reforms to steady the economy for instance and not take out loans we are unable to manage, they become susceptible to even the smallest of maneuvers by adversaries to our national interests like Modi. Regret to...
defencepk.com
@FuturePAF , the thread got locked.
But the things you describe have very low possibility of happening in my opinion. These things need 10 - 20 years of proven base having happened already rather than it being a matter of turning on a dime.
The Pakistani "core establishment" actively despises forking over any semblance of responsibility to other groups of people to then prove themselves.
They are anti-competence to the umpteenth degree.
There is a reason I tagged you here earlier:
View attachment 48616
If one goes to Pakistan's case:
View attachment 48617
You tell me if India will reach 10k patents filed internationally before or after Pakistan reaching 10?
A number of things stand out comparing here past the direct numbers (the IP flows, market cap dynamics and so on get even worse for Pakistan...and what these will do with relative brain drain and so on till 2050 and so on).
I mean even with Pakistan activity being as low as it is.... India garnering 4th largest share regd Pakistanis filing outside (instead of say China which one might expect). Why is that?
Forget about undercutting India without first fixing public trust and authority within Pakistan to a basic degree. But this runs entirely counter to what the Pak establishment wants and is used to....so it wont happen, not from anything that can be seen objectively right now.
Past that (say by some miracle Pak establishment has some major change of heart and brain and focuses on that public trust for 10 years and the power deleveraging that requires), every first mover obstacle PRC/CCP has put regd capital retention w.r.t India,.... Indian corporates and overall economic heft will also similarly leverage w.r.t Pakistan when it comes to western wealth pool flows and investment.
i.e your choice to be part of Indian market cap increase from 5 trillion to 10 trillion, or for venture capital to take Indian unicorns from numbering 100 to 200 and more....or NOT. But it will be communicated each step of the way that it is to be mutually exclusive to anything to do with say Pakistan's attempt to try increase its market cap from 50 billion to 100 billion (again, after the previous and ongoing collapse) or getting even one unicorn on the board to begin with..... i.e let China put its money where its mouth is and lead there if its so genuinely interested (in actual serious production capex) past debt-infra MOU magic wand model.
I mean this is basic reason non resident Pakistani (i.e the first layer to sort out, expats etc) deposits is about 4 billion? USD to shore up Pak forex reserves at ~ 10 billion, whereas India arranges about 150 billion USD in NRI deposits to shore up 650 billion in forex in its case.....but the pop differential is 6 times. There is a heavy trust differential (past what was expressed in old PDF regarding this during the ongoing IK drama, roshan accts and all) between even the well heeled expat populations regarding home country.
India's robust post-pandemic economic performance has led to a surge in NRI deposits, reflecting confidence in the country's financial stability. A study by Bank of Baroda shows NRI deposits accounting for 6.2% of total deposits, with a CAGR of 7.2% over the past decade.
economictimes.indiatimes.com
"Pakistan has a stock of $3.7 billion."
Bangladesh is lacking among four South Asian countries to attract deposits and investments from Bangladeshi migrants, according to a World Bank report
www.thedailystar.net
These are what then induce more bonds around it (regarding neutral/transactional foreign investment pools)...i.e the next layers. This then feeds into the corporate layers to grow and permeate, put floorboards and self-reinforce to get to next tiers of scale in sectors of interest to global economy.
But each time I looked into SBP white papers (and these white papers strangely have come to halt qualitatively too now) discussing these topics (and layer prioritisation), the competent authors prescriptions have been entirely ignored....as again these papers and policy-craft in the end are just made into nominal pursuits to check "IMF" boxes for the folks that actually have power.
IMF because PRC apparently/clearly trusts this lot (past deeper than seas, higher than mountains blah) even less with its scarcer liquidity and USD war chest....for loans at this current credit rating.
That is also putting aside China's far more serious demographic cliff, TFR likely below 1.0 and all, for a moment (since you bring this up for India vs Pak) compared to India and the relative investment dynamics shaping up there (with respect to wealthier countries and poorer countries to these 2)....if you look at the population pyramid curves till 2050 and 2100 etc.
i.e As far as India and West is concerned....Pakistan will be made to experience its establishment dullardliness and zero-sum approach to India this long .... nothing will be made easy here. It is what it is, till the Pak establishment reorients in serious way w.r.t its population (to actually trust in meritocratic institutions/processes outside of it) and India....as increasingly India just needs to point out every step of way regd western investment pools, its bad business (for them) to invest in security threats to India.
It doesn't (far more likely), then things just continue to whither on the vine as they do now. Demographic so called windows come and go, there is nothing guaranteed how you harness them (PRC and India have and will squander %'s of it in their cases, can only see that a lot later).....dependent how you the powerful/influential are arranged and hedged at the apex. Its done in very poor way regd Pakistan to preserve power "as is" where it is already. Why would that be set to change by some self-induction?