New Delhi: The Indian economy would not go down much in case of a full-fledged war with Pakistan, experts opined.
Talking about the possible economic fallouts that India may suffer in case the on-going tension with Pakistan turns into a full-fledged war, Akash Jindal, Delhi-based economist, said it would the Pakistan economy that would suffer the most. "Pakistan's economy will be severely affected, they are a bankrupt economy. As of now, forex loans are high on Pakistan," he said, adding that they can't even "dream of repaying it".
However, he admitted that India too would suffer economically but it would recover soon.Stressing that he was not for war, any country that goes to war is bound to have some negative impact on its economy.He believed that the Indian economy is robust and can make a good comeback within a short period of time in case of a war between the two nations."There would be short term losses," he added. Jindal said even the state of Jammu and Kashmir would help the Indian economy grow well once it's free from terrorism.
While speaking to ETV Bharat, another economist, Siraj Hussain talked about Indian agriculture and said since there have good rains, there would be no bad impact on the Indian agriculture sector in case there's a war between India and Pakistan."I do not see any impact on agriculture. In case of a war economy and other sectors may get affected but agriculture won't," he said.
India and Pakistan have been facing tensed situation ever since Pakistan based terror group JeM claimed responsibility of a deadly suicide bombing on CRPF personnel on February 14.India bombed terror training camps of JeM on Tuesday following which Pakistan retaliated by violating Indian airspace the next day.
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