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Mumbai

India-Pakistan Economic Thaw on Hold

Posted on December 22, 2008 by Manasi Sharma
Topics: Governance, Trade
Countries: India, Pakistan
Taj Mahal hotel in Mumbai during the recent terrorist attacks Photo: <a href="http://www.flickr.com/photos/theblackcanvas/3062423828/">Stuti Sakhalkar (flickr)</a>
Taj Mahal hotel in Mumbai during the recent terrorist attacks Photo: Stuti Sakhalkar (flickr)

India and Pakistan have a violent history since partition in 1947. Relations remained fragile even prior to last month's attacks in Mumbai. But they were getting better, at least on the economic front.

A year ago freight trains started to carry goods across their borders for the first time since partition. Bilateral trade had grown to $2 billion per year. And leaders had scheduled expanded trade talks in early 2009.

Now the question is whether the Mumbai bombings — thought to be the work of Pakistani militants — will ratchet up tensions high enough to overturn gains made in economic relations.

Jairam Ramesh, India’s Junior Minister for Commerce, told the The New York Times: “Four years of sincere and bold initiatives from both sides have been put on pause mode. The momentum is badly affected."

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Keywords: Mumbai, terrorism

From the Archives

Running on Empty

Posted on July 11, 2007
Topics: Water
Countries: India
Previously filed under: Asia, Environment
The water crisis is getting worse just as India's economy is making impressive strides.
Bookmark/Search this post with:
Keywords: Mumbai, Bombay

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