Showing posts from May, 2015

Heat Deaths: S&P Says India Among Most Vulnerable to Climate Change

Over 1,800 people have so far died as a result of a severe heatwave sweeping across India, according to government officials and  media reports . The highest death toll is in southern India with  1,700 heat-related deaths in the worst-hit states  of Telangana and Andhra Pradesh, where temperatures rose above 45C (113F). Other parts of the country have been hit by high temperatures ranging between 44 degrees Celsius (111 degrees Fahrenheit) and 46 degrees Celsius (115 degrees Fahrenheit) with 43 heat deaths reported in the eastern state of Orissa, 12 in West Bengal and 7 in the Ahmedabad city in the western state of Gujarat, according to state officials. Most of the deaths were caused by heat stroke and dehydration. Pakistan and Afghanistan are also hot with temperatures exceeding 100 degrees Fahrenheit, but India is suffering far worse, due in part to its many densely populated areas, according to a  CNN report . As expected, India has blamed Pakistan for heat-related deaths. “

Has PM Modi Turned Indian Economy Around?

Things are not looking so rosy at home for Indian Prime Minister Narendra Modi as he continues his world tour with the latest stop in  Beijing, China . Is  Modi government 's honeymoon already over on its first anniversary at the helm? Has the Indian economy really turned around? Is it really growing faster than China? Are Indian businesses doing better under the new government? Are investors more excited about India's prospects? Has Indian currency recovered to levels  before its collapse in 2013 ? Is India any cleaner than it was last year? To answer these questions, let's look at some data: 1. Revision of  GDP methodology  by India's Central Statistical Office (CSO) to show it is growing faster than China has drawn serious skepticism, even derision by serious economists around the world. While India's boosters in the West are not only buying but applauding the new figures, Indian policy professionals at the nation's Central Bank and the Finance ministr

Pakistan 2.0: Technology Drives Productivity, Economy

Introduction of  green revolution technologies  drove Pakistan's rapid GDP growth in 1960s and 1970s when it was essentially an agricultural economy. The decade of 1980s saw livestock revolution that helped increase  farm productivity . Will rapid absorption of information and communication technology (ICT) do the same in coming decades? Abundance of historical data on  educational attainment  shows that young Pakistanis are more literate and better educated than their parents and grandparents. And recent data confirms that they are rapidly embracing new technologies. Technology, particularly ICT, is increasingly visible among consumers, industries and public sector.  As a result, Pakistan today stands at the threshold of soaring productivity and rising standards of living over the next several decades. The basic requirements for it to materialize are maintenance of peace and security and  increasing  investments  in education, health care, energy and infrastructure. 3G, 4G Mob

Will Gwadar Be Another Hong Kong For China?

The port city of Hong Kong has played a pivotal role in China's economic and trade expansion on the Chinese East Coast in the Pacific region. Meanwhile, China's Western region has remained relatively underdeveloped. China's West Coast: Is China looking to build and use Gwadar in Pakistan as Hong Kong West to accelerate development in its West? Will Gwadar serve as a  superhighway for China's trade  expansion in Middle East, Africa and Europe? A point to project Chinese economic and military might westward? Unlike the continental United States which has coasts on both the Atlantic and the Pacific Oceans allowing it easy access to Europe and Asia, China has only one coast, its East Coast along South China Sea. As the Americans look to Asia with the US Pivot to Asia and the Trans Pacific Partnership (TPP), the Chinese are looking to expand westward with Central Asia as well as Africa, Europe and the Middle East with "One Road One Belt" initiative funded