They say when in doubt, follow the money.
The money from all over the world is going to India and China, not Pakistan or even any other major economy. This money belongs to smart people around the world. They're all investing in China and India.
It's what they call 'smart money'. Don't believe anyone, just follow the money.
If I had like ten million dollars in hand today, I would definitely invest in China/India. Probably a small JV/VC. Wouldn't you?
Edit:
Also lemme take this opportunity to rephrase what my prof taught me.
It's not the debt that's the problem. There's a HUUUUGE misconception that large Debt/GDP is bad. Wrong!
Why?
Well, it's not the debt, it's what a country is doing with that debt, that should be your indicator.
Is the country building roads, highways, power plants, dams, education, health with that debt? (Like India and China)
Is the country building ghost infrastructure just to fuel higher GDP? (like China, which is why you see all the troubles Chinese economy is facing today)
or Is the country using debt to repay interest and principle on old debt? (like Pakistan)
Debt can always be repaid if invested properly and if the rate of return on that investment > rate of borrowing. It's not even economics. It's just logic.