Pakistan Faces Urgent Need to Pursue Trade Ties with India to Boost Exports and Address Economic Woes
-
Pakistan needs to prioritize sustainable and inclusive economic growth to address its debt and inflation problems. Trading with India could significantly boost Pakistan's exports and help alleviate economic woes.
-
Normalizing trade relations with India could increase Pakistan's exports by up to 80% and help address inflation and energy shortages. India also stands to benefit from expanded trade.
-
Security concerns and influential lobbies have hindered Pakistan-India trade in the past. But economic pressures may motivate Pakistan's military and government to pursue trade cooperation.
-
India should proactively support normalizing trade ties. This would boost India's exports and border economies and could improve long-term regional stability.
-
China may accept normalized India-Pakistan trade if it continues to dominate Pakistan's imports. Improved ties could also aid China as a creditor.