Riaz Haq's Blog Posts Tagged 'Economy' (142)

Economic History of India Since 1 AD

When the British arrived in Mughal India, the country's share of the world GDP was 25%, about the same as the US share of the world GDP today. By 1947, undivided India's share of world GDP ($4 trillion in in 1990 Geary-Khamis dollars) had shrunk to about 6% (India: $216 billion, Pakistan: $24 billion). Since independence, India's contribution to world GDP has shrunk further to about 4%, according to British Economist Angus…

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Added by Riaz Haq on March 5, 2014 at 8:30am — 4 Comments

Sri Lanka is a Shining Example For India and Pakistan

Since the end of the civil war in 2009, Sri Lanka has been booming even as the rest of South Asia region has lagged.…

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Added by Riaz Haq on February 15, 2014 at 6:30pm — 5 Comments

Pakistan's Financial and Human Capital Development 1999-2007

Pakistan experienced rapid economic and human capital growth in years 2000 to 2008 on President Pervez Musharraf's watch. Savings, investments and exports hit new records and the rate of increase in human development reached new highs not seen before…

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Added by Riaz Haq on January 19, 2014 at 5:30pm — 18 Comments

FDI Rises, Loadsheddig Declines in Prime Minister Nawaz Sharif's First 100 Days

FDI is up and load-shedding is down during Prime Minister Nawaz Sharif's government's first 100 days. However, there has been little progress on resolving fundamental issues such as lack of security, growing budget deficits, high current account deficits and continuing heavy subsidies to the power sector and various public sector enterprises like Pakistan Steel Mills, PIA, Railways, etc.



Foreign Inflows Jump: 



Prime Minister Nawaz Sharif's first 100 days in…

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Added by Riaz Haq on September 20, 2013 at 5:30pm — 19 Comments

Falling Confidence Hits India Hard

Plummeting Indian rupee is the most obvious symptom of the world losing confidence in India. The crisis of confidence is so great that Jim O'Neill, former Goldman Sachs executive whose BRIC acronym made India an attractive investor destination in 2001,  has recently said that “if I were to change it, I would just leave the "C"" in BRIC.…



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Added by Riaz Haq on August 25, 2013 at 8:00am — 5 Comments

Indian Economy Shrank in USD Terms in 2012-13 as Global Economy Slowed

Sharp fall in Indian currency against the US dollar and slower economic growth have caused India's GDP for Fiscal  Year 2012-13 to shrink in US $ terms to $1.84 trillion from $1.87 trillion a year earlier. The Indian rupee has plummeted from 47.80 in 2012 to 54.30 to a US dollar in 2013, according to Business Standard. Since this report was published in Business…

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Added by Riaz Haq on June 29, 2013 at 8:00am — 22 Comments

How Did Pakistan Do in Year 2012?

The year 2012 was a mixed bag. Economy continued its modest recovery with the stock market hitting new records but it was marred by rising civilian casualties and the worsening energy crisis. The coalition government led by the Pakistan Peoples' Party is nearing its full term with a new prime minister and the political parties have begun campaigning for general elections in the first half of 2013.…

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Added by Riaz Haq on January 8, 2013 at 8:00am — 30 Comments

Industrial Revolution Changed Economic, Political and Military History of the World

The Industrial Revolution marked the beginning of a major shift in economic, military and political power from East to West.





  A… Continue

Added by Riaz Haq on July 2, 2012 at 5:30pm — 22 Comments

Pakistan's Informal Sector Drives Consumer-Led Economic Boom

Car sales increased 14 percent in February from a year earlier. Cement sales are rising with growing housing demand for increasing population. Lucky Cement, Pakistan’s biggest publicly traded construction materials company, is expected to post record earnings this year. Rising farm prices of bumper crops are pumping hundreds of billions of rupees each year into Pakistan's rural economy.

Contrary to…

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Added by Riaz Haq on April 7, 2012 at 7:30am — 21 Comments

Rising Incomes in Agriculture Sector Boost Pakistan's Rural Economy

Since taking the reins of power almost three years ago, the coalition government in Islamabad, which is led by the Pakistan Peoples' Party, has been increasing the support prices of wheat and other agricultural commodities every year. This policy has had the following effects:



1. It is transfering the additional new income of about Rs. 300 billion in the current fiscal year alone to the ruling… Continue

Added by Riaz Haq on January 23, 2011 at 6:00pm — 48 Comments

Is Saudi Arabia Ready For Reform?

Saudi society has long been dominated by the overzealous religious police, known as mutawa or mutaween, who strictly enforce the Saudi version of the Islamic Sharia Laws. The most visible manifestations of such enforcement include the almost total gender segregation, conservative dress code in public, and interruption of business for prayers five times a day.



There are some recent signs that the… Continue

Added by Riaz Haq on December 14, 2010 at 4:46pm — 4 Comments

Surging Economy Propels India to New Heights on CWG 2010 Medals Table

Is there a correlation between a nation's economic performance and its success at international sports competitions? Has India's economic resurgence contributed to its achieving remarkable second place status on the medals table at the Commonwealth Games 2010 that just concluded in New Delhi?







Economics professor Daniel Johnson and his student… Continue

Added by Riaz Haq on October 14, 2010 at 5:00pm — No Comments

Pakistan's Lost Decade of 1990s

Pakistani economy grew at a fairly impressive rate of 6 percent per year through the first four decades of the nation's existence. In spite of rapid population growth during this period, per capita incomes doubled, inflation remained low and poverty declined from 46% down to 18% by late 1980s, according to eminent Pakistani economist Dr. Ishrat Husain. This healthy economic performance was maintained through several wars and successive… Continue

Added by Riaz Haq on September 27, 2010 at 6:30pm — 3 Comments

Comparing India and Pakistan 2010

Making predictions is hazardous business. After all, who would have forecast with any accuracy the Soviet defeat in Afghanistan and the fall of the Berlin wall in late 1980s, or the terrorists attacks of September 11, 2001, or the near-collapse of the US financial markets in 2008, the kind of events that fundamentally changed the world. This new decade of 2010-2020 could also bring long-lasting but hard to… Continue

Added by Riaz Haq on January 7, 2010 at 7:00pm — No Comments

Pakistan: Year 2009 in Review

This December 31, 2009, is not just the end of the year; it brings a momentous decade of achievements in Pakistan to a chaotic and bloody end. After a relatively peaceful but economically stagnant decade of the 1990s, the year 1999 brought a bloodless coup led by General Pervez Musharraf, ushering in an era of accelerated economic growth that led to more than doubling of the national GDP, and dramatic expansion in… Continue

Added by Riaz Haq on December 26, 2009 at 7:40pm — No Comments

Human Capital Generates Wealth of Nations

In modern economies, land and manufacturing continue to be significant sources of wealth of nations. However, the developed world, with icons like Bill Gates, Steve Jobs, Sergey Brin and Larry Page, is in the midst of a major transformation to accumulation of wealth in the form of intellectual property. In this evolving new economy, there is much greater emphasis on intangible knowledge assets than on physical or tangible assets. The value of the intellectual assets determines the clout and… Continue

Added by Riaz Haq on December 23, 2009 at 6:07pm — 6 Comments

Three Summer Days in Beijing



My family and I arrived on a Saturday evening in late July at Beijing's international airport's beautiful and spacious terminal 3, the new massive glass and steel structure that was opened just prior to last year's Summer Olympics in the city. I did not see it when I visited Beijing… Continue

Added by Riaz Haq on August 8, 2009 at 9:05am — 6 Comments

Renewable Energy Hits Rough Patch



Suzlon, India's wind power giant, has reported a quarterly loss after years of expansion and profit growth. It was hurt mainly by the ongoing global credit crunch, slowing wind turbine sales, and by rising costs and a provision to do repairs stemming from the widely reported quality… Continue

Added by Riaz Haq on February 5, 2009 at 6:03pm — 1 Comment

21st Century Challenges of Resurgent India

21st Century Challenges of Resurgent India

By Riaz Haq





The pre-British, early 19th century Moghul India, described as caste-ridden, feudalistic and unmodern, was economically ahead of the rest of the… Continue

Added by Riaz Haq on November 22, 2008 at 4:09pm — 10 Comments

Expect More Economic Woes Under President Zardari



As Pakistan finds itself in the midst of arguably the worst economic crisis in its sixty one year history, the recent accounts of Mr. Zardari's understanding of the economy are not particularly encouraging. It is certainly a huge letdown after Prime Minister… Continue

Added by Riaz Haq on September 5, 2008 at 8:43am — 1 Comment

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    Blog Posts

    India's Modi Brags About Ordering Transnational Assassinations

    In a campaign speech on May 1, Indian Prime Minister Narendra Modi bragged about his campaign of transnational assassinations of individuals he has labeled "terrorists". “Today, India doesn't send dossiers to the masters of terrorism, but gives them a dose and kills them on their home turf", he is reported to have said, according to a tweet posted by his BJP party. Last…

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    Posted by Riaz Haq on May 3, 2024 at 5:09pm — 2 Comments

    Pakistanis' Insatiable Appetite For Smartphones

    Samsung is seeing strong demand for its locally assembled Galaxy S24 smartphones and tablets in Pakistan, according to Bloomberg. The company said it is struggling to meet demand. Pakistan’s mobile phone industry produced 21 million handsets while its smartphone imports surged over 100% in the last fiscal year, according to …

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    Posted by Riaz Haq on April 26, 2024 at 7:09pm

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