Jaishankar Blames Pakistan's Economic Woes on Excessive Military Spending and Faulty Policies
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Jaishankar took a veiled dig at Pakistan, saying its economic problems stem from excessive military spending and imprudent borrowing.
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He said the "unnamed country to the west" has long-term and historical distortions in its economy.
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Jaishankar said multiple chickens have come home to roost in Pakistan due to military overspending, risky borrowing, and unprofitable infrastructure.
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He pointed out that Sri Lanka also faced an economic meltdown last year, requiring India's help with a $4 billion loan package.
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The minister suggested Pakistan's current economic crisis has deeper roots compared to other nations facing turmoil.