US panel calls for Pakistan membership of G-20

[I FLY HIGH]

Pricisely Indian has one of the largest muslim population in the world its total population is second only to china it has large cultural diversity n religiouse tolerence n practices secularism and is also largest democracy in the world has very cordial relation with west asia the troubled region acc. to u

India cannot represent , SAUDIS, UAE, KWAIT, PAKISTAN, IRAQ, IRAN, TYRKEY, SYRIA, ETC. To have muslims in your country is an other thing . It does not make any sense.

 

[rsingh]

Reason for High Growth Under Musharraf

Economic performance of Musharraf in the last eight years

GDP growth rate is an average of growth in its component sectors. So in the years that GDP growth rate was around 8%, in 2003 for instance, banking sector growth rate was 29% and the automobile sector growth rate was 45%. Now if you have some sectors where growth rate is so high, your average will go up, even if the variance is very high.
The banking sector growth rate was high because the government, or the State Bank rather, allowed consumer financing from 2002 onwards. The monetary was you could get a loan for a house, car, fridge, camera, if for nothing else, a vacation or a personal loan. Banks made enormous profits out of consumer credit and profits are a component of GDP. A lot of this credit was going in for buying cars so automobile production went up by 40-45%.
So basically it was a one legged growth and that one leg is consumer financing. You remove consumer financing, everything else collapses. You are only managing an economy for your numbers to look good, for headlines

 

[Icarus]

Public debt to GDP ratio of India is far better than most of western countries only country that can compete us is China because they tend to save more than 60% of their earning.
Just because your debt to GDP ratio is good doesn't mean that u are any better. According to you a beggar on street having no debt on the street better than a rich man who has some debt.

Quite right in retrospect of your example, because the rich man with debt does not own his own wealth, whereas whatever the beggar has, is his own.

 

[I FLY HIGH]

Reason for High Growth Under Musharraf

Economic performance of Musharraf in the last eight years

If banking and automobile sector florishes in a country? It is growth which generates jobs and raise the standard of living . give additional revenue to the govt . It is perfect .

 

[Icarus]

Reason for High Growth Under Musharraf

Economic performance of Musharraf in the last eight years

So what's your point ? Macau's growth is a complete result of gambling. That doesn't change the fact that Macau is experiencing enviable economic growth.
If the economic growth during Musharraf's time had inly been good for headlines, then poverty would not have gone down by 10%, with an annual growth of 8% and we wouldn't have been termed as The Top Asian reformers and one of the Ten Global reformers, IMF and World bank would not have praised Pakistan's Economic policies. Among other things.........
Your argument holds little ground......

 

[true_indian]

Better economy is just one aspect, there are many others like the ones mentioned by the US panel who thinks US should support Pakistans membership for the G-20 and besides you make it sound as if Pakistans economy will stay the same forever.
It has nothing to do with the other 25 countries.
One more thing G-20 maybe an economical forum, but it all comes down to political clout. If major powers back us up, the very same powers have enough political clout to make sure the other 25 countries have no problem with that.
The only country that will however have problem with us joining the G-20 is our next door neighbor.

Not really... G20 is effectively an economic forum..they don't discuss politics there..It's no UN..G20 mainly focuses on worlds economic issues..Pakistan is too small to have any impact on it..I would guess US would suggest observer status but only if none of the other 25 countries objects to it.

I am not trying to be anti-Pakistan here. I couldn't care less if Pakistan gets it..Its inconsequential to India as well..I am just stating the obvious..

 

[barcelona]

India cannot represent , SAUDIS, UAE, KWAIT, PAKISTAN, IRAQ, IRAN, TYRKEY, SYRIA, ETC. To have muslims in your country is an other thing . It does not make any sense.

can saudis rep. indian muslims iran azerbaijan sudan indonesia syria etc it also doesn't make sense from ur logic same with pakistan iran n so on

 

[true_indian]

Mind you, India has a greater foreign debt to repay than Pakistan. And America has the largest, so by that standard, no one should be in the G-20 ! Maybe Bhutan, I don't think they have any foreign debt........

Educate Yourself about your country's economics: Reserve Bank of India

Ah come on..Foreign Investment or foreign debt is not given to any country just because they ask for it.. Its only given when they see a potential to repay back..see UK..their external debt is 9 trillion dollars or 455% of their GDP.. India's only 18% which is kind of minuscule in comparison.. Don't you think Pakistan is bigger than UK area and population wise yet you see very little investment..There's no foreign inflow as they don't see much potential there right now because of WOT and social unrest..

Also Pakistan foreign debt is 31% of GDP...so you are in no position to lecture us..

List of countries by external debt - Wikipedia, the free encyclopedia

 

[darkhand08]

Originally Posted by IceCold View Post
Better economy is just one aspect, there are many others like the ones mentioned by the US panel who thinks US should support Pakistans membership for the G-20 and besides you make it sound as if Pakistans economy will stay the same forever.
It has nothing to do with the other 25 countries.
One more thing G-20 maybe an economical forum, but it all comes down to political clout. If major powers back us up, the very same powers have enough political clout to make sure the other 25 countries have no problem with that.
The only country that will however have problem with us joining the G-20 is our next door neighbor.

Man you are seriously mistaken .........We have UN to discuss politics .....G20 is an economic forum.....the only clout that majorly accounts in G20 is Economic.
And remember if you are talking about US clout then this clout though one of the major force in G20, is decreasing.....the US is feeling the economic pinch of other countries ,especially CHINA. I am surprised though that this push did not come from the chinese.

 

[Rafi]

It's an influential board that has suggested this, it's clear double standards from indian's on the one hand refuse to believe that there would be hurdles on joining the security council, on the other hand you bring up all sorts of nonsense about why we can't be a member. Allow me to retort.

China, Turkey, USA, Saudi Arabia, Brazil, France, Italy, are all friends of Pakistan, including others wanna sponsor us you can't do nothing.

 

[I FLY HIGH]

can saudis rep. indian muslims iran azerbaijan sudan indonesia syria etc it also doesn't make sense from ur logic same with pakistan iran n so on

Yes Saudia and Iran both can represent all the muslims of the world , even indian muslims. It would be wise to give UNSC to be given both SAUDIA and Iran.

 

[Rafi]

There are no formal criteria for G-20 membership and the composition of the group has remained unchanged since it was established. In view of the objectives of the G-20, it was considered important that countries and regions of systemic significance for the international financial system be included. Aspects such as geographical balance and population representation also played a major part."

 

[Icarus]

Ah come on..Foreign Investment or foreign debt is not given to any country just because they ask for it.. Its only given when they see a potential to repay back..see UK..their external debt is 9 trillion dollars or 455% of their GDP.. India's only 18% which is kind of minuscule in comparison.. Don't you think Pakistan is bigger than UK area and population wise yet you see very little investment..There's no foreign inflow as they don't see much potential there right now because of WOT and social unrest..

Also Pakistan foreign debt is 31% of GDP...so you are in no position to lecture us..

List of countries by external debt - Wikipedia, the free encyclopedia

You are taking my post out of context, if you read my previous posts, you will see that I myself think that Pakistan should not become a part of G-20, but I was responding to an Indian member who was dissing Pakistan and stating that Indian economy is stable enough to make it eligible for G-20.

 

[rsingh]

If banking and automobile sector florishes in a country? It is growth which generates jobs and raise the standard of living . give additional revenue to the govt . It is perfect .

So what's your point ? Macau's growth is a complete result of gambling. That doesn't change the fact that Macau is experiencing enviable economic growth.
If the economic growth during Musharraf's time had inly been good for headlines, then poverty would not have gone down by 10%, with an annual growth of 8% and we wouldn't have been termed as The Top Asian reformers and one of the Ten Global reformers, IMF and World bank would not have praised Pakistan's Economic policies. Among other things.........
Your argument holds little ground......

Main sectors that contribute to Pakistan's Economy is Agriculture and textile. Now during Mus regime these sectors were doing just ok, it was the easy credit that Pakistan was getting from IMF and other international agencies created an bubble which fueled your economy.

As far your automobile sector is concerned , Pakistan does very little manufuring and you guys just assemble the vehicles , so Pakistani money that went into ur automobile sector went abroad.

 

[Rafi]

Worry about india and we'll worry about Pakistan, other areas of growth were construction, IT, Telecom.

And also india does very little innovation, it mainly also does assembly to.