South Asia Investor Review

Why did Pakistan's decision to boycott the India-Pakistan match in solidarity with Bangladesh in this year's T20 World Cup send shockwaves around the world? And why did it trigger the International Cricket Council's and other cricket boards' urgent efforts to persuade Pakistan to return to the match? The reason has a lot to do with its massive financial impact, estimated to be as much as $500 million in this tournament alone. The ICC projects an average annual revenue of roughly $600 million in the current cycle from 2024 to 2027. The international cricketing body calls India, England and Australia " The Big Three " in the current revenue sharing formula. The reality is that India and Pakistan are "The Big Two" in terms of their revenue contributions from ICC events.  The current dispute arose when the ICC, currently headed by the Indian Home Minister Amit Shah's son Jay Shah, replaced Bangladesh by Scotland in the 2026 ICC Men’s T20 World Cup a...

Worldwide demand for the JF-17 fighter jet, jointly developed by Pakistan Aeronautical Complex (PAC) and China’s Chengdu Aircraft Industry Group (CAIG), is  surging . It is attracting buyers in Africa, Asia and the Middle East. At just $40 million a piece, it is a combat-proven flying machine with no western political strings attached. It has enormous potential as the lowest-cost 4.5 generation fighter jet featuring AESA radar, enhanced electronics, and superior weapons systems.  Pakistan PFX Concept Fighter. Source: Raksha Anirveda In addition to the Pakistan Air Force, it is currently deployed by the air forces of Azerbaijan, Myanmar and Nigeria. Multi-billion dollar orders are in the pipeline from several countries, including Saudi Arabia, Libya and Sudan. Bangladesh is reportedly negotiating to purchase JF-17s in the near future. These orders are not just one-time purchases; they include service and training contracts, as well as spare parts and future upgrades. The US-bas...

The European Union (EU) and India have recently agreed to a trade deal which includes an MOU to allow “an uncapped mobility for Indian students”, according to officials, allowing Indians greater ease to travel, study and work across EU states. India's largest and most valuable export to the world is its people who last year sent $135 billion in remittances to their home country. Going by the numbers, the Indian economy is a tiny fraction of the European Union economy. Indians make up 17.8% of the world population but contribute only 3.3% of the global  GDP . The European Union, on the other hand, has just 5.6% of the global population and produces 17.8% of the world's economic output.  Indian Economy Dwarfed by EU. Source: DW If finally signed and implemented, this "uncapped mobility" for Indians will probably become the most significant part of the deal.  “More than 800,000 Indians are living and actively contributing to the countries of the European Union", acc...

Ruling politicians in New Delhi continue to hype their country's economic growth even as the Indian currency hits new lows against the US dollar, corporate profits fall, electrical power demand slows, domestic savings and investment rates decline and foreign capital flees Indian markets. The International Monetary Fund (IMF) has  questioned  India's GDP and independent economists Professors Arun Kumar and Ashoka Modi and investment banker Ruchir Sharma have detailed why the Indian official data can not be trusted. It seems that the BJP-led government of Prime Minister Narendra Modi is fast losing credibility by politicizing the civilian bureaucracy and the military brass to project their economic and  military failures  as successes.   IMF Gives C Grade to India's GDP Data Beyond the disputed claim of being the "fourth largest economy", the Modi government's failure on the national health and wellness front is also getting more attention. “Air is unbr...

The US State Department has suspended processing of immigrant visas from 75 countries, including Pakistan but not India. This action followed President Donald Trump's social media post that listed, without context, the percentage of immigrant households from these countries that rely on the US government financial assistance. While Mr. Trump’s post singled out immigrants, the fact is that the term “financial assistance” as used by him includes social security and Medicare payments which are entitlements received by all senior citizens, both naturalized and US-born. It listed immigrant households from Bhutan (81.4%), Yemen Arab Republic (75.2%) and Somalia (71.9%) as the top three "Welfare Recipients". It also included Afghanistan (68.1%), Burma (59.2%), Bangladesh (54.8%), Pakistan (40.2%) and China (32.9%). India was not shown on this list.  A US State Department statement explained the decision to suspend immigrant visa processing as follows:  "President Trump has...

In a recent  speech  to young Hindus in New Delhi, the Indian National Security Advisor  Ajit Doval  urged his audience to "avenge history". He talked about the looting and destruction of Hindu temples and many centuries humiliation suffered by Indians. Though he did not specifically say it, there was no doubt in the minds of his audience that he was talking about invaders like Mahmud of Ghazni, an Afghan Muslim ruler, who is said to have destroyed a Hindu temple in Somnath. Indian Prime Minister Modi (Left) with NSA Ajit Doval Anti-Muslim rhetoric like Doval’s has made Indian Muslims fear for their lives. It has also put India among top countries with greatest likelihood of  mass atrocities , and raised security concerns among India’s neighbors. In its latest warning, the US Holocaust Museum has put three countries scoring higher than India. Myanmar holds the top spot, followed by Chad and Sudan. However, many high-ranking nations including Myanmar and Sud...