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How are the economies of south Asia changing?

Updated: 8/18/2019
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12y ago

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Econmies of South Asia is changing fast. India is leading the change process with somewhat a stable government, and revenue from IT enabled investment in people and assets.

This region nurtured their human capital with free or subsidised education and exported them all over the world at very economic price. This happenned at a time when western nations were struggling with an aged population and lack of people to run their economic power houses. After 5 decades of hardwork from 1950's after being liberated from the British rule, they found the silver lining in the new millennium with the advent of internet, their workforce taking up responsible jobs, outperforming their counterparts in economies they worked. They got absorbed into the nationalities of Europe and Americas particularly and the Arab world. The transfer of technology and funds financed their efforts to feed and create a new lifestyle for their population.

Citizens of India, Pakistan, Sri Lanka and Bangladesh were the first movers to send their labour and human capital to countries like UK, USA, Middle East, Japan, Canada, Australia etc.

Indian movies kept their culture intact where ever their citizen emigrated and kept their national bonds and patriotic feeling. They emulated successfull brands but kept their original identities. Pakistan and Bangladesh being part of the same Hindustan culture was able to adopt fast. When globalization was fast at work they protected their economies and got benefited later.

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Q: How are the economies of south Asia changing?
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