💨 Abstract

Pakistan conducted a second missile test in three days on Monday, prompting economic concerns as Moody's warned that the ongoing tension with India over Kashmir could hinder Pakistan's economic reforms, potentially impacting its growth, fiscal consolidation, and access to external financing. The standoff has alarmed world and regional powers, with India reporting no major disruptions due to minimal economic relations with Pakistan, though higher defense spending could affect New Delhi's fiscal strength.

Courtesy: theprint.in

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