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Tuesday, July 27, 2021

Attacks to cripple Indian economy, erode confidence, enhance cost of doing business

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Pakistan Economy Watch on Saturday said Mumbai terror attacks are an incident bigger that the assassination of Indira Gandhi in 1984 and that of Rajiv Gandhi in 1991. India will remain target of homegrown terrorist until it reviews misaddressed policies.

It is a big attack on Indian psyche which will severely damage the 1.2 trillion economy which is already under intense pressure due to global crunch. Overseas investors have pulled out a record 15 billion from the stock market and the flight of capital as well as foreign investors continues, said Dr. Murtaza Mughal, President, Pakistan Economy Watch.

The attacks are bound to hurt morale and sectors like tourism, hospitality, IT etc. The growth rate may decline by 3.5 per cent causing economy to limp. “The incident will increase cost of doing business and security expenditures will be an extra burden on economy,” he said adding that the negative impact of the attacks will be much more than the September’s Marriott Hotel bombing in Islamabad. “The development has emerged as a new challenge for America and US many not be able to concentrate on economy,” said Dr. Murtaza Mughal.

New Delhi should put its own house in order before blaming others
The terror attacks can define new dimensions in the war against terror and has potential to push Indian policy makers to review the foreign policy as well as that of systematic exploitation of religious minorities including Muslims, Jain Community, Sikhs, Christians, Buddhists and Dalits etc. “How can New Delhi blame Pakistan when it has over 120 militant movements in northeast alone,” asked Dr. Murtaza Mughal adding that Hindu fundamentalism will land this country into more troubles.

India always concentrates on Muslims while Hindu rightwing RSS, Shiv Sena, Vishwa Hindu Parishad and others who push Brahmanism have been allowed to play havoc with minorities, especially Muslims. India cannot deny the birth of many homegrown terror outfits. She should deal with it on its own. The policy to blame Pakistan soon after any incident will not help any country in the region but terrorists. Empty talk of non- violence is not going to work forever and the world knows the reality behind rhetoric.-DSANA

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Omer Azamhttp://www.pak-times.com
Omer Azam is Social Media Marketer, very active on propeller; he is very much interested in International Politics.
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