2 weeks Ago
The Dhaka Stock Exchange (DSE), Pakistan Stock Exchange (PSX), and Colombo Stock Exchange (CSE) have signed a tri-party memorandum of understanding to enhance cooperation among the three markets. This agreement marks a significant shift in the economic dynamics of the South Asian subcontinent, as smaller nations that have long operated under India’s dominant shadow are now forging alliances to strengthen their competitive edge. The agreement currently focuses on mutual experience sharing, joint investment in technology, regulatory coordination, and human resource collaboration—measures aimed at giving these markets a fighting chance against the economic powerhouse that is the Indian Stock Exchange.
While the benefits of such cooperation will take time to materialise, it is encouraging to see these nations asserting their economic autonomy together. This development should be viewed within the broader context of Bangladesh increasingly distancing itself from India and seeking stronger ties with Pakistan and other global partners. Likewise, Sri Lanka and Bangladesh have been deepening relations with nations like China, ensuring that their economic interests are safeguarded without being subjected to India’s regional dominance.
Nepal, too, has welcomed growing Chinese investment and regional partnerships, further accelerating its shift away from India’s orbit. Given the increasingly hardline stance of India’s ruling Bharatiya Janata Party (BJP) and its harsh policies towards minorities, this trend is only expected to intensify. It is now imperative for the governments of these nations to pursue similar agreements that strengthen their collective economic standing.
With Pakistan, Bangladesh, Sri Lanka, and potentially Nepal aligning on joint economic initiatives, they may yet carve out a more balanced and independent economic future in South Asia..
