Patrick Fresne

Thanks for your efforts, I found this to be an interesting read. I was wondering if you had an opinion regarding the economic outlook for India's neighbours, Bangladesh and Pakistan?. Does your optimism regarding the economic growth prospects for India extend to the broader neighbourhood, or do you think the forward outlook for each of these three countries varies somewhat?.

Mugunthan Siva

Hi Patrick, I think both those countries are also capital starved and will benefit from lower rates globally. Bangladesh in particularly has been recording strong GDP growth and is benefitting from increased trade with countries like US, Canada and Germany. The process of industrialisation has been slower in Pakistan and Bangladesh and their economies are dominated more by Agriculture. As this changes they will also benefit. Lack of resources or poor quality (Raw materials) has been on of the reasons these economies and their currencies become dependent on what they need to import to grow.