Arundhati ‘Pakistani’ and ‘Patriotic’ Right-wingers

Riaz:

I have more accurate numbers below on India'd macro indicators.


GDP $ 500B = MSFT market value
CAGR 4%
time 10 yrs
Present GDP $ 740B

external Debt $ 185.03 1/4th of GDP
Debt Service 2%
Debt service $ 3.70B


Budget 25,000 Crores
$/R rate 50
Budget $ 5B

Debt Service 74% of Budget

Re: # 182: "In 1999 Economist had analyzed Pakistan's score card, and I recall ..."

Pakistan's economy has more than doubled since 1999.

When Shaukat Aziz took over as finance minister and later as Prime Minister, Pakistani economy was in shambles. In 1999 Pakistan’s total debt as percentage of GDP was the highest in South Asia – 99.3 percent of its GDP and 629 percent of its revenue receipts, compared to Sri Lanka (91.1% & 528.3% respectively in 1998) and India (47.2% & 384.9% respectively in 1998). Internal Debt of Pakistan in 1999 was 45.6 per cent of GDP and 289.1 per cent of its revenue receipts, as compared to Sri Lanka (45.7% & 264.8% respectively in 1998) and India (44.0% & 358.4% respectively in 1998). Read more about it here.
Most recent figures in 2007 indicate that Pakistan's total debt stands at 56% of GDP, significantly lower than the 99% of GDP in 1999. It also compares favorably with India's debt-to-GDP ratio of 59% and Sri Lanka's 85% in 2007. From being the highest debtor nation in South Asia, Pakistan has, in fact, become the lowest debtor nation in its region and achieved economic growth rate of about 7% a year during the last 6 years.

The Economist magazine in its June 12, 2008 issue commented on Pakistan's current and past Economic Performance as follows:" (The current) macroeconomic disarray will be familiar to the coalition government led by the Pakistan People's Party of Asif Zardari, and to Nawaz Sharif, whose party provides it “outside support�. Before Mr Sharif was ousted in 1999, the two parties had presided over a decade of corruption and mismanagement. But since then, as the IMF remarked in a report in January, there has been a transformation. Pakistan attracted over $5 billion in foreign direct investment in the 2006-07 fiscal year, ten times the figure of 2000-01. The government's debt fell from 68% of GDP in 2003-04 to less than 55% in 2006-07, and its foreign-exchange reserves reached $16.4 billion as recently as in October."



Riaz Haq, PakAlumni Worldwide

Re: # 184

anil, You are mistaken. I don not suck up to any one, it's not in my nature.
Riaz Haq, PakAlumni Worldwide

Re: # 182: anil: "Let us say debt service is about say 4% of debt per annum. This puts debt service at 1% of GDP as debt service."

India's GDP is $1.3 trillion based on official exchange rate, relevant for dollar-based foreign debt. India's total budget is $195b.

http://www.indiacgny.org/php/showPressDetails.php?linkid=113&newsi d=298

I have not seen the debt service part broken out separately. However, the total for debt service plus defense, security, admin is 63% of the Indian budget 2009.
Riaz Haq, PakAlumni Worldwide

Re: # 181

Riaz:

"...In this case I see hamidm parting the mountains to let his people walk free and then Indian military following to their Pharo-like destruction when the mountains rejoin..."

In your rush to make an imaginary point, you make Hamidm mighty to part seas / mountains. Knowing Hamidm he would not like to part his company from his scotch, for even such a Mosses like tasks. He does not cherishes to be a prophet, just a man who want to have agreat time.

Also, you are making Indian jokers (oops generals) mightier than they are.

Two absurdities do not make a right point. They make two wrong points. Ask Hamidm if you do no believe me. You may have a better chance from such sucking up with Masadi mian.

At least chose a right person to suck up, Riaz.

Riaz:

"Although in 1991"

Please read it as

"Although in 1999"

Riaz:

Make up your mind I will discuss that with you. You cannot jump from "unimaginable amount" to debt service.

India's total external debt is about 25% OF its GDP.

Let us say debt service is about say 4% of debt per annum. This puts debt service at 1% of GDP as debt service.

Now if Indian economy is $4,000 billion. The debt service will be $40 billion per year.

I am trying to find out the number on Indian government budget. I somehow recall to be about $1,000 billion. If this is true the debt service is 4% of the budget. If the budget is only $100 billion then debt service will be 40% of the budget.

For now, take a pick any where from 4% to 40% of the budget.

In 1999 Economist had analyzed Pakistan's score card, and I recall the following:

Although in 1991
Defense :35 - 45%
Curruption and wastage : 10 - 15%
Debt Service : 60%

Left for Civil spending : 100 - 35 - 10 - 60 = -5% of GDP
Left for Civil spending : 100 - 45- 15 - 60 = -20% of GDP

Pakistan has been running on a deficit of 5% to 20% of GDP as for quite a while.

Would like to discuss the above with me, or Roy's "unimaginable summs of public money".

According to me both cases you position is irresponsible, and sensational.

A word of advise please do not jump from discussing "unimaginable sums of public money" to "debt service as percentage of annual government budget.

How long do you think you can run you go on and run you home with 5% to 20% over and beyond you earn to keep up with the Jones next door?

If you do not have, cannot have or do not want to answer, I would say you have buried your head in the sand and you are shouting that "Jones next door squat of rail road tracks each morning.

BTW, America financed upping the ante with Soviets with even worse macro indicators. Like I mentioned to you, please do not go by macro indicators when micro economic indicators have been hijacked by mullahs, military and jihadists.

This is a reality Riaz. Pakistan has to work on micro economy before macro indicators will make any sense. I am certain you know that macro indicators can be manipulated. The real picture emerges out of micro economy from job creation, health education, industrial projects etc. etc.

No one can fool all of the people all of the time. I know you are hurt by Indian right wingers putting Pakistan down all the time. Your response is what motivates them even more.

Re: # 165 DM: "This expression was used by zionists to put pressure on the Soviets to let Russian jews leave Russia and go to their promised land of Israel."

The genesis of this expression goes back to the Biblical times..when Moses demanded Egypt's Pharo Ramses to let his people go. And you know what the Bible says happened?

In this case I see hamidm parting the mountains to let his people walk free and then Indian military following to their Pharo-like destruction when the mountains rejoin.
Riaz Haq, PakAlumni Worldwide

Re: # 171: anil: "Roy needs to check facts rather than play with words "unimaginable sums of public money".

You should know the facts. With budget deficit of 5% of GDP, about two-thirds of India's budget 2009-10 is allocated to debt servicing, defense and security. Sustaining deployment of a half million troops for an extended period to occupy territory is a big part of this wasteful spending, especially in country with such high levels of human deprivation in terms of food, housing, clothing, education, sanitation etc.

http://www.theaustralian.news.com.au/story/0,25197,23474033-23850,00.html
Riaz Haq, PakAlumni Worldwide

bulleya:

Where did I say that kashmiri muslims do not have a right to separate; I just want to keep the issue clear, which is one of Muslims not wanting to live in a kafir country if they are in a majority in a viable geographic unit, whether the province is in India, Russia, Thailand, Phillipines or Balkans.

So, Indians should let the Muslims in Kashmir join Pakistan (I am against an independent Kashmir) and learn a lesson for the future, i.e., not let illegal immigration threaten the integrity of the country in places like Assam and West Bengal.

As for Punjab, the problem was one of anger at the attack on the golden temple and innocent sikhs in Delhi. Now, that anger seems to have subsided and they are ready to vote for the Congress against the Sikh party.

Bulleya #174,

"the world still has a un resolution supporting kashmiri plebescite..."

Fair enough. The resolution demands all non-Kashmiri outsiders to vacate Kashmir before any plebiscite, for the ENTIRETY of Kashmir. You first clinically de-Punjabize your part and get Aksai Chin back. We will send all the displaced Pandits and their families back to the valley to ensure integrity of the poll. Then we can have this fictional plebiscite. deal?

Till that happens, find a different non-issue.

Romair:

I think questions like "isn't the best way to avoid separatist, not to occupy them in the first place....." are somewhat theoretical. They tend to make us delve in the past, where there are no answers.

I know your of your analogy of house, I obviously disagree with it. Please do not forget Kashmir is not a Pakistani house, where in the last 60 years Pakistanis from its Punjab have settled. Therefore, your analogy even on moral ground is no longer applicable.

The best is to give clean the debris of defunct TNT out, and let tomorrow's generation of South Asia find a new paradigm to address its solutions. This has happened in Europe, but certainly not overnight. I have faith in South Asians that eventually they will come around, till then the generation in power must not hold the future hostage to the debris of TNT. Namely, religion shall never again be the basis of division, no matter how many nuclear bomb a side has and even lobs on the other side.

Let us not worry about the world being larger place, let us try to make the hearts and minds of South Asians larger places to work together. Too much hatred too much debris of TNT is still being passed down to the next generation, why not try to stop this.

If your generation on the both side can achieve it, I have faith in the citizens of South Asia that they too will find a South Asian solution. No one else will.

Re: # 167
[India needs azadi from Kashmir just as much as - if not more than - Kashmir needs azadi from India.]

And Pakistanis need freedom from the Punjabi army

-dude40000
Free Baluchistan Worldwide Alumni

This Bhikhari gene is pretty strong in Pakistanis.
Now it is down to begging for money from USA, Kashmir
from India. Shameful.

anil #: you didn't answer the simple question i asked......you always come up with strange answers, and avoid the simple questions.....so i will ask it again..

isn't the best way to avoid separatist, not to occupy them in the first place......why blame the victim......if tomorrow you occupy my house, and i try to kick you out, can you simply say, since i am a muslim, hence i have no right to my house?

...the world is a larger place than the usa or india.....the world still has a un resolution supporting kashmiri plebescite.......the world has passed more resolutions in favor of palestinian indepdence than any other issue ever (us vetoes them again and again)......the world, overwhelmingly, opposed iraqi occupation (only a majority of israelis and us supported it).......

.......let's get the simple questions answered.......to quote my favorite poet:

ik nuktae vich gal mukdi hae
phar nukta, chhor kitabaan noonh

(translation: let's not get into theoretical mumbo-jumbo and answer the simple question: is occupation allowed or not; even if muslims are being occupied).......

Re: # 170 Field Marshall Bulleya aka Romair

"....every single province in india, which had a religious minority as a provincial majority, has either separated successfully..."

Check your Ayesha Jalal and your faulty assumptions: Had the Unionist Government of undivided Punjab known that Independence would involve the Partition of Punjab, there may not have been a Pakistan at all. Ditto for undivided Bengal. Both provincial governments believed that partition would not occur.