According to The News, a number of Indian economists, American financial intelligence companies, former members of India’s National Security Council, and expatriates connected to global risk consultancies, in addition to reputable international outlets like Bloomberg, noted during the recent short but intense conflict between India and Pakistan that India’s economy had far more at stake than Pakistan’s in the event of a protracted war.
Indian media reports state that during the first 48 hours of the conflict, the country’s markets crashed, causing investors to lose almost $83 billion, or PKR 23.5 trillion. India’s $4.19 trillion economy, which is bolstered by $821 billion in exports and has a sizeable stock of $514 billion in foreign direct investment (FDI), was severely shaken by this.
