Mumbai
India-Pakistan Economic Thaw on Hold
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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