No doubt, his is a profound question. Since the days of Rajiv Gandhi and Narasimha Rao, India has embarked on an economic path that has been generally accruing benefits to New Delhi. The previous BJP government led by Atal Behari Vajpayee, for example, successfully averted country's balance of payment default mainly because of resilience of economy. Islamabad, therefore, is required to compete with India in the realm of economic policymaking with a view to putting the country on the path of progress and prosperity. In this regard, a well calibrated approach to the China Pakistan Economic Corridor (CPEC) could help us transform our economy into a competitive one. Although Pakistan will find it extremely difficult to match India's numbers, it needs to embrace the economic models of countries such as Malaysia and Vietnam to imprve its economy in a meaningful manner.
Copyright Business Recorder, 2017