Forget BRICS, here are the new 7 best emerging markets for business - Fortune

[Indian Patriot]

Growth is not permanent and that is something the Indian media badly needs to understand. The reason I quote "Indian media" because they are the quickest to react and create a hype but they have little to no understanding of ground reality.

A developing economy will naturally grow faster because its GDP is small and there is ample scope of growth. US has a GDP of ~ 14 Trillion and if they grow at a rate of 8-10 percent then they would be adding a Trillion dollars to their account every year which is impossible.

The "magical" growth rate of BRICS would ultimately reach a dead end just like Japan had to face. Growth is related to infrastructure as well and given the snail paced bureaucracy infrastructure will always be lagging behind in the country.

 

[FaujHistorian]

List is compiled by Ian Bremmer of Fortune magazine. You didn't do nothing. Your country is simply incapable of high growth.

Pakistan needs another 10 years to show up on such lists.

So it really depends if we continue our focus on development for that long. Trends are positive though.

 

[Indian Patriot]

The fastest growing economies (by percentage of growth of GDP) is clocking at 15 percent per annum and even more. They are neither India nor China but small countries whose name nobody heard or expected to be in the list. Once they reach the peak they too shall slow down.

Maintaining an economy is the bigger challenge. Growth is only natural and every country will see a rise unless it is managed by extremely corrupt leaders or faces natural/man-made disasters. Maintaining the standard is the bigger challenge.

 

[Echo_419]

Growth is not permanent and that is something the Indian media badly needs to understand. The reason I quote "Indian media" because they are the quickest to react and create a hype but they have little to no understanding of ground reality.

A developing economy will naturally grow faster because its GDP is small and there is ample scope of growth. US has a GDP of ~ 14 Trillion and if they grow at a rate of 8-10 percent then they would be adding a Trillion dollars to their account every year which is impossible.

The "magical" growth rate of BRICS would ultimately reach a dead end just like Japan had to face. Growth is related to infrastructure as well and given the snail paced bureaucracy infrastructure will always be lagging behind in the country.

Reaching the Japanese point will take a lot of time,we should focus on the present & it looks very bright

 

[The enlightened]

Pakistan needs another 10 years to show up on such lists.

So it really depends if we continue our focus on development for that long. Trends are positive though.

You need a high growth enabling environment. Obviously there need to be steps taken to make such environment. If it becomes apparent that an economy will soon become a high growth economy, investors will immediately flock in to beat the rush, even though you don't have that environment today eg. the last year of UPA-II where FII's returned on the hope of Modi even though policies didn't improve much compared to the paralysis of 2011 and 2012. If you are on any such list, it means that you will grow in the future and hence business need to invest today. So far not many are willing to bet on Pakistans future.

 

[Indian Patriot]

So far not many are willing to bet on Pakistans future.

The Chinese are, they may have political designs but from strictly an economic point of view the Gwadar economic highway and its possible implications cannot be ignored. Ancient civilisations thrived by only being port cities and lying on important trading routes and by default becoming trading hubs.

The Gwadar port by itself won't do any magic for Pakistan. But if it becomes a success then it will attract investments. Then cargo from africa and europe will not have to do a sea voyage around the Indian Ocean. They will simply dock at Gwadar and transport their goods to SEA.

It will still depend on how the business is managed but that thing has potential.

 

[xyxmt]

List is compiled by Ian Bremmer of Fortune magazine. You didn't do nothing. Your country is simply incapable of high growth.

we dont need high growth, even with this low growth our people have better standard of living than yours

 

[VCheng]

we dont need high growth, even with this low growth our people have better standard of living than yours

If the growth of the economy lags behind the growth rate of the population, overall living standards must fall over time. What you say may be true for now, but what about in a few years' time?

 

[ito]

Today I learned that the US is an emerging market.

The list contains 8 country. US is used for comparison. The remain 7 are emerging markets

we dont need high growth, even with this low growth our people have better standard of living than yours

What better standards of living are you having?

HDI Index measures the standards of living. India is a medium human development country while Pakistan is low human development country

List of countries by Human Development Index - Wikipedia, the free encyclopedia

 

[Rank]

LOL in every single thing where India is involve almost halt or no progress from US/Indo Nuclear Deal (2006) till today or BRIC or South and Central Asia issues... from PAKFA or LCA

 

[ito]

LOL in every single thing where India is involve almost halt or no progress from US/Indo Nuclear Deal (2006) till today or BRIC or South and Central Asia issues... from PAKFA or LCA

India is the fastest growing economy in the world.

 

[Rank]

India is the fastest growing economy in the world.

yaaa

 

[ito]

yaaa

India Passes China to Become Fastest-Growing Economy - India Real Time - WSJ

 

[The enlightened]

we dont need high growth, even with this low growth our people have better standard of living than yours

In addition to HDI already provided by @ito check this, you sick freak
Quality of Life Index by Country 2015

 

[coffee_cup]

Forget BRICS....


If we forget BRICS, how come India is still listed?