Alpha BeeTee
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Almost three decades ago, India faced a similar situation as Pakistan is today.
Indian crisis was quite serious (not sure more serious than Pakistan's, need experts to have a say on this).
India's reserves plummeted to as low as $1.1 billion (this is ridiculously low) and only enough money was left to import oil for 6 to 7 days. And then I think the RBI (Reserve Bank of India) decided or proposed that the Indian gold be put into foreign banks to get some exchange. Gold was then transported overnight to foreign banks and India got some breathing space. Then the Indians 'woke up' and started economic reforms and economic liberalisation took place and so on and so forth. Fast foward three decades, India is an economic giant. Today Indian foreign exchange reserves sit at around a whoping $400 billion approx. While Pakistan is standing where India was three decades ago at $9billion.
Few takeaways:
1. There's a lot we can learn from India as to how they not only got out of economic misery but reserved their fortunes in such a short period of time.
2. We need to re educate ourselves. And this re education, I'm afraid, nobody wants to do. The fact that there are entire threads on pdf in 2018, where we are telling Indians that look we are even because we can nuke you from our tactical nukes so better tell your Army Chief to shut up, shows that we are still not realizing that in 2018, a country's economy talks and decides its worth.
3. Twitter wars are useless and a means to get us carried away. It doesn't matter if the twitter handle fighting the war is Imran Khan's own our some one else's. It's justva twitter or at best diplomatic war which doesn't undo the fact that we are three decades behind the enemy.
4. The entire nation is chest thumping aftet IK lashed out at his Indian counterpart overtly. The other day we were all celrbrating beating Afghanistan in a cricket match. Why have we stooped this low?
5. IK seems to be our last chance as far as fixing economy is concerened. I think he's doing a fair job educating the nation that where it stands. Seriously, at this point in time, it doesnt befit us to pretend to be looking eye to eye to the Indians. We need to get out of this mentality of 'muh tor jawab den gay'. Jawab dena hai to economy de gi. Woh hum se hua nahi.
This nation has great pottential. I can't believe that today Bangladesh has an econonmy better than us. Bangladesh used to be our province! I hope that two decades down the line from today, we atleast stand where India is standing today. If Indians can do it, why can't we..
Indian crisis was quite serious (not sure more serious than Pakistan's, need experts to have a say on this).
India's reserves plummeted to as low as $1.1 billion (this is ridiculously low) and only enough money was left to import oil for 6 to 7 days. And then I think the RBI (Reserve Bank of India) decided or proposed that the Indian gold be put into foreign banks to get some exchange. Gold was then transported overnight to foreign banks and India got some breathing space. Then the Indians 'woke up' and started economic reforms and economic liberalisation took place and so on and so forth. Fast foward three decades, India is an economic giant. Today Indian foreign exchange reserves sit at around a whoping $400 billion approx. While Pakistan is standing where India was three decades ago at $9billion.
Few takeaways:
1. There's a lot we can learn from India as to how they not only got out of economic misery but reserved their fortunes in such a short period of time.
2. We need to re educate ourselves. And this re education, I'm afraid, nobody wants to do. The fact that there are entire threads on pdf in 2018, where we are telling Indians that look we are even because we can nuke you from our tactical nukes so better tell your Army Chief to shut up, shows that we are still not realizing that in 2018, a country's economy talks and decides its worth.
3. Twitter wars are useless and a means to get us carried away. It doesn't matter if the twitter handle fighting the war is Imran Khan's own our some one else's. It's justva twitter or at best diplomatic war which doesn't undo the fact that we are three decades behind the enemy.
4. The entire nation is chest thumping aftet IK lashed out at his Indian counterpart overtly. The other day we were all celrbrating beating Afghanistan in a cricket match. Why have we stooped this low?
5. IK seems to be our last chance as far as fixing economy is concerened. I think he's doing a fair job educating the nation that where it stands. Seriously, at this point in time, it doesnt befit us to pretend to be looking eye to eye to the Indians. We need to get out of this mentality of 'muh tor jawab den gay'. Jawab dena hai to economy de gi. Woh hum se hua nahi.
This nation has great pottential. I can't believe that today Bangladesh has an econonmy better than us. Bangladesh used to be our province! I hope that two decades down the line from today, we atleast stand where India is standing today. If Indians can do it, why can't we..
