South Asia Investor Review

Muslims are the poorest group in India. They will most likely face further marginalization after the recent inauguration of the Ram Temple built on the ruins of the historic Babri Masjid in  Ayodhya . The medieval mosque was demolished by right-wing Hindu groups in 1992. While consolidating the power of the upper caste Hindus in India, the newly built Ram Temple, inaugurated by Indian Prime Minister Narendra Modi, will also not benefit the vast majority of Hindus either. It will, however, help Mr. Modi's BJP party win the upcoming election by a wide margin.  Average Monthly Per Capita Consumption Expenditure in India. Source: Hindustan Times Analysis of 2021-22 data from AIDIS (All India Debt and Investment Survey) and PLFS (Periodic Labor Force Survey) shows that Indian Muslims have the lowest asset and consumption levels among major religious groups in the country. Even upper caste Muslims (Ashrafs) are poorer than Hindu OBCs (Other Backward Castes).  Average MPCE (Mont...

Pakistan swiftly retaliated with "killer drones, rockets, loitering munitions and stand-off weapons" to an Iranian military provocation in Balochistan province this week, according to multiple media reports. Pakistanis felt it was necessary to hit back hard to send a loud and clear message to the Iranians to respect Pakistan's national sovereignty. Within hours of the strong Pakistani military response, the foreign ministers of the two neighbors agreed to de-escalate tensions in a phone call. The Pakistani foreign ministry sent out the following tweet after this phone conversation: "Foreign Minister @JalilJilani spoke with the Foreign Minister of Iran, @Amirabdolahian today. Foreign Minister Jilani expressed Pakistan’s readiness to work with Iran on all issues based on the spirit of mutual trust and cooperation. He underscored the need for closer cooperation on security issues".  Pakistan Foreign Minister Jalil Abbas Jilani (L), Iranian Foreign Minister Amir-Abd...

The United States Department of Agriculture is forecasting that Pakistan's rice exports will set a new record of 5 million metric tons in 2023-24.  This is nearly 30% more than the 3.9 million tons Pakistan exported last year. It is being attributed to a bumper rice crop in the country and strong global demand after India imposed restrictions on its exports. A large exportable surplus has helped Pakistani exporters to offer competitive prices in the international market, but prices are likely to remain high due to an increase in demand, according to  S&P  Global Commodity Insights. European Union and Middle East are the main export markets for Pakistani Basmati rice while Africa and the Far East have emerged as the key export destinations for non-Basmati rice from Pakistan.  Top Rice Exporting Countries. Source: Aljazeera Pakistan is the world's fourth largest exporter of rice after India, Thailand and Vietnam. Last year (2022-23), India exported an estimated 20....

Shaikh Hasina has won a 5th term in yet another sham election which saw a mere  40%  voter turnout. Bangladesh Nationalist Party (BNP), the main opposition party, boycotted the election. Months leading up to the elections saw protests in the country suffering from economic slowdown, human rights violations and a crackdown on the opposition parties. Her longevity in office is believed to be largely orchestrated by  India . Her own Foreign Minister Abdul Momen acknowledged this fact when he made a trip to New Delhi in 2022 and said,  "I've requested Modi government to do whatever is necessary to sustain Sheikh Hasina's government".  Bangladesh PM Shaikh Hasina (L) with Indian PM Narendra Modi Upon her return from India in 2022, Sheikh Hasina  told the news media  in Dhaka, "They (India) have shown much sincerity and I have not returned empty handed". It has long been an open secret that Indian intelligence agency  RAW  helped install Shaikh Has...

India is losing its best and brightest to the West, particularly to the United States, at an increasingly rapid pace. A 2023 study of the 1,000 top scorers in the 2010 entrance exams to the Indian Institutes of Technology (IIT) — a network of prestigious institutions of higher learning based in 23 Indian cities — revealed the scale of the problem. Around 36% migrated abroad, and of the top 100 scorers, 62% left the country, according to a report in the science journal  Nature .  Nearly two-thirds of those leaving India are highly educated, having received academic or vocational training. This is the  highest  for any country, according to the Organization for Economic Co-operation and Development. Example of The Great Indian Brain Drain. Source: Boston Political Review Brain drain is defined as the loss of precious human capital of a nation. It is a “consequence of an education system designed for ‘selecting’ the best and brightest in an economy that is still too con...

At a recent Democratic fundraiser organized by the Israel lobby in the United States, President Joseph R. Biden shared some details of the conversations he has had with Israeli Prime Minister Benjamin "Bibi" Netanyahu about protecting civilians in Gaza. Justifying Israel's genocidal war on Gaza , Netanyahu told Biden: “You carpet-bombed Germany. You dropped the atom bomb. A lot of civilians died”. Netanyahu is “a good friend, but I think he has to change, and… This (extremist coalition) government in Israel is making it very difficult for him to move,” Biden told the attendees at the campaign fundraiser in Washington hosted by former AIPAC board chair Lee Rosenberg.  Last month, Biden used the word “indiscriminate” to describe Israel’s bombing campaign in Gaza, according to a report in the Times of Israel .  President Biden and Prime Minister Netanyahu The Israel Lobby: American Israeli Political Action Committee (AIPAC), also known as the Israel lobby, is considered the ...

Widespread student  protests  on the US campuses against Israel's genocidal war in Gaza are being labeled antisemitic by pro-Israel politicians and donors. They have now joined forces to intimidate the leadership of top American universities. President Liz MaGill of the University of Pennsylvania has already been forced out. Leaders at Harvard and MIT are also under threat.  The Pro-Israel Anti-Defamation League (ADL) and the Brandeis Center have called on 200 college presidents to investigate pro-Palestinian student groups. Faculty members and instructors at several public and private colleges have either been placed on leave or fired for comments about the conflict, according to  Bloomberg  columnist Noah Feldman. These actions are a direct assault on the academic freedom in America, with long term negative consequences for the world's most admired institutions of higher education.  Pro-Palestine Protest at UCLA. Source: Daily Bruin Academic Freedom:...