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Economy and Business

It is easy to understand that the volume of trade going through the ports of Pakistan will increase once the CPEC project gains momentum.

 

Moody's Investors Service has predicted that Pakistan's external debt will grow to $79 billion by June, higher than initial estimates, the global credit rating agency was quoted as saying. The government's debt burden has steadily increased in the past four years from 63.5 per cent of GDP to 66.5 per cent, Moody's said.

 

There is a renewed political vigour to implement changes which have eluded successive governments. The conclusion of GST, banking ordinance and fiscal rectitude are some examples.

 

The impact of the Indian government’s decision to demonetize high-value currency notes late last year seems to have eased much faster than earlier anticipated. Replacement of the currency that was removed, or re-monetization, is now at an advanced stage and a business confidence survey indicates that things seem to be turning normal, even improving, particularly for the corporate sector.

 

Beyond the known trail of time and space, humans carry an urge to master the mystery of destiny backed by an untamed desire to achieve power, either for better or for worse.

 

Following the launch of New Delhi’s Look East policy in the 1990s, India and Taiwan gradually moved towards building informal ties.

 

It is now becoming commonplace for Indians to read forecasts about how their country’s economy will rise. The International Monetary Fund (IMF) has issued a new set of predictions saying India’s GDP will overtake that of Germany’s by 2022, based on a safe assumption of a nominal GDP growth rate of 9.9% a year.

 

A globalising world enabled the spectacular rise of India’s information technology industry over the last couple of decades. The IT sector not only pulled up the GDP but also came to symbolise young India’s aspirations.

 

South Asia is becoming one of the most interesting regions in the world economy displaying unprecedented growth, averaging close to six per cent per annum since the 1990s.

 

The major Indian stock indices have rallied strongly despite lingering concerns over their historically rich valuations.

 


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