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But she wont be comming up before 2015. I'd bet she'd start working actually in 2015 inspite of people saying its 2012.
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Neo.
As Salam oAlaikum.
I wonder if it makes any difference. I dont think the Indians have bought a nuclear submarine keeping Pakistan in mind. It has always been obvious that Indian designs and vision includes the role of a regional power and , if true, this report points to another step in this direction. The Pak-India scenario with a view to second strike capability has already been covered by the conventional subs that the two nations have.
in any case, Allah forbid, if there is a war in the subcontinent, there may not be a need for second strike!!! i think these arguments are a thing of the past. What Pakistan probably still has not grasped is that the real war is already on going and we are sadly so far behind the times in it. This war is not conventional but is of an economic nature. this is a war that we should focus on not the conventional war , which in my opinion became a dead concept the day Pakistan tightened the last screws on its first nuclear weapon.Your comments would be appreciated.
WaSalam
Araz
Indian economy took off 15 years ago and grew around 6% for the first 10 years. Its only since 2003-4 that she's accelerated to reach growth > 8%, higher growth will only make India a more expensive market to deal with giving us the opportunity to compete with cheaper products. It worked for China against top trading nations like US, Japan and Germany, it should work for us.
Thats not true. China grew for more than 6% for 3-4 decades and now at more than 10% , how come their products are still cheap? While Indian products become costly after just 2 decades of growth.
Sir,
Indian current modernasation plans and acquisitions may be China centric it still affects all of us including Pakistan. I agree that there's no winner in a nuclear exchange, only losers but India having a second strike capability will assure total distruction of our defence as the nuclear submarine will have the possiblity to stay submerged and undetected well inside our territorial waters.
I agree on the second point regarding conventional and economic war. I'm more hopefull that in this field we'll be able to counter India successfully and close gap to minimum within next 10 to 15 years.
Indian economy took off 15 years ago and grew around 6% for the first 10 years. Its only since 2003-4 that she's accelerated to reach growth > 8%, higher growth will only make India a more expensive market to deal with giving us the opportunity to compete with cheaper products. It worked for China against top trading nations like US, Japan and Germany, it should work for us.
Pakistan is way ahead of India in terms of economic freedom and reforms, its easier to do business in Pakistan than India and we're exploiting this opportunity. Just look at the FDI growth in Pakistan, its been phenomenal! India is in middle of economic boom whereas we're just warming up, the best is yet to come.
Sir,
Indian current modernasation plans and acquisitions may be China centric it still affects all of us including Pakistan. I agree that there's no winner in a nuclear exchange, only losers but India having a second strike capability will assure total distruction of our defence as the nuclear submarine will have the possiblity to stay submerged and undetected well inside our territorial waters.
Thats not true. China grew for more than 6% for 3-4 decades and now at more than 10% , how come their products are still cheap? While Indian products become costly after just 2 decades of growth.
I also remember reading an article a few moths ago that expressed concerns from some businessmen in India that the rupee was too strong, and the trend would end up making Indian products more expensive.
What if we sink this submarine first and then launch several hundred nukes at India?
What if we sink this submarine first and then launch several hundred nukes at India?
If from any quarter the news leaks, it would invite an attack of massive scale not just from India but also maybe Israel, US, Nato.
About israel i'm not sure, why in the hell would nato and US would fire nukes on pakistan in case nuclear war breaks between two countries......its just utter foolishness to think that some one else will get engaged between the conflict of two countries and that too a nuclear conflict.
Firing so many nuclear weapons at the same time is not possible for either of the two countries and if so many nukes are being fired and according to you US and nato joins too in it, do you think that it will not effect other countries who are not part of this conflict ( russia China ) and they will stay quiet. You are talking about a nuclear third world war.
Concern was over sharp & quick appreciation of rupee & not the value of rupee being too strong. When a company allocates funds for the project they earmark a certain amount towards the project. So if currency appreciates before the end of the project, it escalates the cost of project. So there can be a big difference between the allocated fund & final bill.
India’s export growth slows to 18.5 per cent
Analysts attribute it to sharp appreciation of rupee
Tuesday, September 04, 2007
NEW DELHI: India’s growth in the value of its exports slowed to 18.5 per cent in July, the government said on Monday, suggesting the rupee’s appreciation in recent months was beginning to hurt exporters, The Times of India reported.
Exports totaled $12.4 billion in July compared with $10.5 billion in the same month a year earlier, the Commerce Ministry said in a provisional update. Exports growth averaged 18.2 per cent between April and July, the first four months of the current fiscal year.
Both the monthly and year-to-date growth is off the pace of the 25 per cent increase in exports seen in the fiscal year ended March 2007, and slower than the 28 per cent growth target the government has set for this fiscal year.
The ministry’s update did not elaborate on factors behind the slowdown, but analysts attributed it to a sharp appreciation of the rupee that dents price competitiveness of Indian products in the world market.
“We are beginning to see the impact of a stronger rupee,” said Ram Upendra Das, a New Delhi-based economist. The rupee rose nearly 7 per cent against the US dollar during the April-June quarter and is hovering around a nine-year high. The higher rupee also reduces the foreign exchange earnings of exporters since most export earnings are denominated in dollars.
Monday’s data showed imports grew faster than exports and rose to $17.5 billion in July, up 20.4 per cent from a year ago. As a result, the country’s trade deficit widened further. The trade figures do not include export and import of services, such as the outsourcing jobs done by Indiaís information technology companies.
Indian economy took off 15 years ago and grew around 6% for the first 10 years. Its only since 2003-4 that she's accelerated to reach growth > 8%, higher growth will only make India a more expensive market to deal with giving us the opportunity to compete with cheaper products. It worked for China against top trading nations like US, Japan and Germany, it should work for us.
AM already answered you in #19 mate, the yuan is heavily under valued and unlike India China has an export oriented economy heavily dominated by cheap consumergoods and semipreparates. Efficient infrastructure is another reason Chinese success.
That may be a concern as well, but its a short term one. The article I read was looking at the issue in terms of a strong rupee effecting India's competitiveness in exports over the long term. However even those concerns can be offset by improvements in efficiency, productivity and quality by incorporating better technology and reorganizing and adapting where necessary. Germany is the worlds largest exporter despite having a strong currency and high labor costs.