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Not Just Their War: India, Pakistan, and the World’s Political Economy | The Express Tribune

The renewed tensions between India and Pakistan—whether over border flare-ups, airspace violations, or diplomatic deadlock—risk being dismissed as yet another episode in a long, bitter history. But such complacency is dangerous. A conflict between these two nuclear-armed nations would not be a contained regional affair. It would be a seismic event in the global political economy, with ripple effects on food security, youth employment, supply chains, and geopolitical alliances across the world.

This is not alarmism—it is reality. The subcontinent today is deeply embedded in a globalized system where conflict is not limited by geography. The topographic and historical fault lines that fuel this rivalry—particularly in Punjab and Kashmir—are also the arteries of South Asia’s food production, energy supply, and economic potential. The same fertile plains that once fed shared civilizations now sit on a knife’s edge.

The Indus Basin, which straddles both countries, is the lifeblood of agricultural productivity in the region. Punjab’s wheat and rice fields, canal-irrigated cotton belts, and cross-border food trade sustain not only domestic populations, but influence food security across the Middle East and East Africa. In a world already destabilized by climate-induced droughts and conflict-related disruptions—from Sudan to Ukraine—another war in South Asia could push millions more into food precarity.

The global food system is a house of cards, and South Asia is one of its central pillars. If that pillar crumbles under the weight of war, the consequences will be widespread: rising grain prices, fertilizer shortages, and trade disruptions from Karachi to Istanbul and Jakarta.

Over 60% of Pakistan’s population is under 30. In India, the median age is just above 28. This demographic surge is not just national—it’s global. South Asian youth fuel labor markets from Dubai to London to Silicon Valley. They support their families through remittances, innovate in tech startups, and populate the classrooms of global universities.

Yet, war threatens to dismantle this fragile ladder of mobility. Universities would close. Digital infrastructure would be interrupted. Youth would be displaced—either into the informal economy, refugee flows, or conflict zones. For a generation already grappling with underemployment and climate anxiety, war would be a devastating blow—not just locally, but to the global workforce and the economies that depend on them.

Both India and Pakistan have embraced market liberalization in recent decades—privatizing energy, education, health, and even agricultural sectors. In peacetime, this has often meant progress; in wartime, it spells chaos. Private hospitals are not built for mass trauma. Export-oriented economies cannot function under embargoes. And deregulated markets are notoriously volatile in conflict.

A war would push both countries into fiscal crisis, deepen debt, and likely trigger regional capital flight. The global investor class—quick to label emerging markets as “risky” in the wake of instability—would pull out, setting off currency devaluation and inflation. The burden, once again, would fall hardest on the working poor.

South Asia does not exist in isolation. India is a strategic ally to the U.S., a member of the Quad, and increasingly a key player in global AI and defense. Pakistan, through CPEC, is central to China’s Belt and Road Initiative. A war between the two is not merely bilateral—it would trigger tremors across multiple alliances and invite new forms of proxy competition, from energy corridors to cyber warfare.

As the Sahel region spirals deeper into conflict, and Eastern Europe remains locked in geopolitical deadlock, the world may feel it cannot afford to pay attention to another regional crisis. But it must. Because the cost of inattention could be catastrophic.

The global community—particularly multilateral institutions, regional blocs, and the major powers with strategic interests in South Asia—must act not after the fact, but now. Preventative diplomacy, climate cooperation, and regional economic interdependence must be strengthened, not abandoned. This is not the time for arms sales and military drills; it is the time for peacebuilding and investment in shared futures.

For Pakistan and India alike, this is a moment of reckoning. But it is also one for the world. Because when nuclear neighbors threaten war in a region this interconnected, the fallout—economic, human, and moral—belongs to everyone.


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