♤ Withdrawing MFN status to Islamabad could mark an important – even if symbolic –

attempt by New Delhi to demonstrate that it is taking tough action.

♤ But it won't have any real effect: volumes of trade between the two countries are too small for sanctions to actually make a difference.

♤ While India’s exports to Pakistan have marginally grown from 0.78% of total exports in 2007-'08 to 0.88% in the year 2015-'16, India’s imports from Pakistan remain negligible at 0.12% of total exports, according to the data for the last financial year.