Call it an Indian marketing gimmick or world media’s fixation with India, but Modinomics has become quite a catchphrase among global economic observers. With the debate on Modi’s first full year Indian budget in full swing in the Indian parliament, the hype of Modinomics has gained further strength in both domestic and global politics.
Our yesterday’s piece on the subject, highlighted two areas where Trade Policy (2012-2015) fell short of its promises – a $95 billion export target and growth in service exports. Today, we look into some more shortfalls.
Recently the Lahore School of Economics hosted its eleventh annual conference on Management of the Pakistan Economy with a focus on the prospects and challenges of Pakistan as a regional manufacturing hub.
The inflation tally just keeps on dropping. In March, the monthly Consumer Price Index tapered by 2.5 percent in March taking the nine-month average to 5.1 percent. Don’t be surprised if the CPI drops lower; around 1.5 percent next month. But that does not mean that prices are falling the way it happened in the last few months. The lower commodity prices, which have significantly brought down the transportation and food price indices, have made the base too high.
That the first ever imported Liquefied Natural Gas (LNG) shipment touched Pakistan’s coasts a few days ago is an achievement in itself, especially when no major energy projects whether coal or hydro have materialized as promised by the government in office. The plan from the beginning was to use imported LNG for the ailing power generation in the country and the fertilizer sector. Also there should be no denying of the fact that Engro completed its LNG terminal in record time of 11 months.
Fixed income funds are not happy anymore! Recall that it wasn’t long ago when fixed income investors were basking in double-digit returns. But times are now changing while the returns are already in single-digit territory.