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Have Modi's Misguided Policies Turned India Into A Beggar Nation?

RiazHaq

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India is set to receive nearly $500 million in emergency aid from Japan to cope with rising covid19 cases and worsening economy, according to Hindustan Times. This is the largest amount of financial assistance announced by any country so far to support India’s response to the Covid-19 crisis, which has had widespread impacts on the Indian economy and health sector. India’s economy in the organized sector shrank nearly 24% last quarter. It is likely a 40% decline in GDP after the government takes the unorganized sector into account, according to the New York Times. Meanwhile, India is seeing record new daily coronavirus cases and becoming the new epicenter of the covid19 pandemic. Have Indian Prime Minister's misguided policies turned India into a beggar nation? The fact is that India was already the world's biggest recipient of foreign aid even before the pandemic. Pakistan is even not among the top 15 recipients of foreign aid.

India in Crisis:

Many in the world, including India's biggest cheerleader Fareed Zakaria, are beginning to see the stark reality of Modi's India as a big failure on multiple fronts. Indian state has failed to contain the deadly COVID19 pandemic. India’s economy in the organized sector shrank nearly 24% last quarter. It is likely a 40% decline in GDP after the government takes the unorganized sector into account, according to the New York Times. Meanwhile, India is seeing record new daily coronavirus cases and becoming the new epicenter of the covid19 pandemic. The country's democracy is in decline. India seems like a roadkill for China. This turn of events has created serious problems for Pakistani "liberals" who have long seen and often cited India as a successful example of "secular democracy" at work in South Asia.

India World's Top Aid Recipient:

The Japanese emergency aid of $500 million to India is only the latest instance of multi-billion dollar aid Tokyo has provided to New Delhi in recent years. In fact, India is currently the world's largest recipient of official development assistance (ODA) and Japan is its biggest donor. India's $4.21 billion in assistance is followed by Turkey $4.10 billion, Afghanistan $2.95 billion, Syria $2.77 billion, Ethiopia: $1.94 billion, Bangladesh $1.81 billion, Morocco $1.74 billion, Vietnam $1.61 billion, Iraq $1.60 billion and Indonesia $1.48 billion. Pakistan is not even among the top 15 recipients of foreign aid.

India: Epicenter of COVID19:

India is rapidly becoming the world’s new coronavirus epicenter, setting a record for the biggest single-day rise in cases as experts predict that it’ll soon pass Brazil -- and ultimately the U.S. -- as the worst outbreak globally, according to Bloomberg. Over 78,000 new cases were added in a single day taking the total tally to over 3.6 million. This represented the highest ever one-day surge among all major countries. At the current growth rate, India’s virus cases will eclipse Brazil’s in about a week, and the U.S. in about two months. And unlike the U.S. and Brazil, India’s case growth is still accelerating seven months after the reporting of its first coronavirus case on Jan. 30. The pathogen has only just penetrated the vast rural areas where the bulk of its 1.3 billion population lives, after racing through its dense mega-cities.



Private International Charity to India:

India tops the list of charity recipients from private foundations while Pakistan is ranked as the 12th largest recipient of philanthropic giving in the world, according to a report released by OECD (Organization for Economic Co-operation and Development).



Global Philanthropic Foundations:

Philanthropic contributions of major international private foundations in Pakistan totaled $267 million out of the $42 billion global contribution in 2013-2015. This compares with $1.6 billion in top-ranked India and $498 billion in second-ranked China. US-based Bill and Melinda Gates Foundation (BMGF) contributed nearly half of the $42 billion in global charity by private foundations.

Private foundations are filling the huge gaps in public funding of health and education sectors in developing nations. . They contributed $11 billion for the health sector alone in the three year period, ranking third behind the United States and a global fund for fighting disease.

Massive Western Aid to India:

In addition to being the biggest recipient of private foreign charity, India has been the number one recipient of official US aid since 1947, according to the US government data. The country India's first Prime Minister turned to for help during the 1962 China-India war was also the United States.




India has received $65.1 billion in US aid since its independence, making it the top recipient of American economic assistance. Pakistan, with its $44.4 billion, is at number 5 on the list. US data also shows that Pakistan is not among top 10 for military or total economic and military aid.

Local Charity in Pakistan:

Pakistanis donate generously to local charities in the country in the form of religiously mandated donations such as "zakat, sadaqa and fitrana". One of the key measures of empathy is generosity to others, the kind of generosity demonstrated in Pakistan by the likes of late Abul Sattar Edhi. The Edhi Foundation set up by the great man is funded mainly by small donations from ordinary people in Pakistan.

Anatol Lieven, author of "Pakistan: A Hard Country" wrote the following tribute to the Mr. Edhi:

"There is no sight in Pakistan more moving than to visit some dusty, impoverished small town in an arid wasteland, apparently abandoned by God and all sensible men and certainly abandoned by the Pakistani state and its elected representatives - and to see the flag of Edhi Foundation flying over a concrete shack with a telephone, and the only ambulance in town standing in front. Here, if anywhere in Pakistan, lies the truth of human religion and human morality."

What Professor Anatol Lieven describes as "human religion and human morality" is the very essence of the Huqooq-ul-Ibad (Human Rights) in Islam. Abdus Sattar Edhi understood it well when he said, "there's no religion higher than humanity".

Edhi understood the meaning of what the Quran, the Muslim holy book, says in chapter 2 verse 177:

"Righteousness is not that ye turn your faces towards the east or the west, but righteous is, one who believes in God, and the last day, and the angels, and the Book, and the prophets, and who gives wealth for His love to kindred, and orphans, and the poor, and the son of the road, beggars, and those in captivity; and who is steadfast in prayers, and gives alms."

A recent article written by Shazia M. Amjad and Muhammad Ali and published in Stanford Social Innovation Review said that "Pakistan is a generous country. It contributes more than one percent of its GDP to charity, which pushes it into the ranks of far wealthier countries like the United Kingdom (1.3 percent GDP to charity) and Canada (1.2 percent of GDP), and around twice what India gives relative to GDP."

OECD says corporate donations in Pakistan have increased from $4.5 million to $56.4 million over the last 15 years. Corporate donations are dwarfed by individual donations made as zakat, sadaqa and fitrana as commanded by the Quran.

In addition to zakat, sadaqa and fitrana, Pakistanis spent about $3.5 billion on Eid ul Azha in 2017, according to analysts. This included sacrifice of $2.8 billion worth of livestock and another $700 million on clothes, shoes, jewelry and various services. This amount represent a huge transfer of wealth from urban to rural population, including many rural poor, in the country. It also brings philanthropic donations of Rs. 2.5 billion to Rs. 3 billion ($25-30 million) worth of animal hides which are sold to the nation's leather industry.

Empathy Study:

A Michigan State University (MSU) study of 63 countries finds that Pakistanis have higher empathy for others than people in their neighboring countries. It also finds that the United States is among the most empathetic nations in the world.






The MSU researchers, led by William J. Chopik, analyzed the data from an online survey on empathy completed by more than 104,000 people from around the world.

The survey measured people’s compassion for others and their tendency to imagine others’ point of view. Countries with small sample sizes were excluded (including most nations in Africa). All told, 63 countries were ranked in the study, according to MSUToday, a publication of Michigan State University.

Summary:

India's biggest cheerleaders, including Fareed Zakaria, are beginning to see the stark reality of Modi's India as a big failure on multiple fronts. India is set to receive nearly $500 million in emergency aid from Japan to cope with rising covid19 cases and worsening economy, according to Hindustan Times. This Japanese emergency aid of $500 million to India is only the latest instance of multi-billion dollar aid Tokyo has provided to New Delhi in recent years. In fact, India is currently the world's largest recipient of official development assistance (ODA) and Japan is its biggest donor. India was already the world's biggest recipient of foreign aid even before the pandemic. Pakistan is not among the top 15 recipients of foreign aid. This is the largest amount of financial assistance announced by any country so far to support India’s response to the Covid-19 crisis, which has had widespread impacts on the economy and health sector. India’s economy in the organized sector shrank nearly 24% last quarter. It is likely a 40% decline in GDP after the government takes the unorganized sector into account, according to the New York Times. Meanwhile, India is seeing record new daily coronavirus cases and becoming the new epicenter of the covid19 pandemic. Have Indian Prime Minister's misguided policies turned India into a beggar nation?

Related Links:

Haq's Musings

South Asia Investor Review

Is Fareed Zakaria Souring on India?

Pakistan Success Against COVID19

Study Says Pakistanis Have Higher Empathy Than Neighbors

Comparing Median Wealth and Income in India and Pakistan

Eid ul Azha Economy

Foreign Aid Pouring in India

Huqooq-ul-Ibad in Islam

Philanthropy in Pakistan

Panama Leaks Scandal

Misaq-e-Madina Guided Quaid-e-Azam's Vision of Pakistan

Interfaith Relations in Islam


World Values Survey Finds Indians Most Racist



 

RiazHaq

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The Next #China? #India Must First Beat #Bangladesh. India’s #COVID19 #economic gloom turned into despair this week, on news that its per capita gross domestic product (#GDP) may be lower for 2020 than in neighboring Bangladesh https://www.washingtonpost.com/busi...4-11eb-b404-8d1e675ec701_story.html?tid=ss_tw


Ever since it began opening up the economy in the 1990s, India’s dream has been to emulate China’s rapid expansion. After three decades of persevering with that campaign, slipping behind Bangladesh hurts its global image. The West wants a meaningful counterweight to China, but that partnership will be predicated on India not getting stuck in a lower-middle-income trap.

------------


Consider first the exceptionalism of India’s growth. Bangladesh is doing well because it’s following the path of previous Asian tigers. Its slice of low-skilled goods exports is in line with its share of poor-country working-age population. Vietnam is punching slightly above its weight. But basically, both are taking a leaf out of China’s playbook. The People’s Republic held on to high GDP growth for decades by carving out for itself a far bigger dominance of low-skilled goods manufacturing than warranted by the size of its labor pool.

India, however, has gone the other way, choosing not to produce the things that could have absorbed its working-age population of 1 billion into factory jobs. “India’s missing production in the key low-skill textiles and clothing sector amounts to $140 billion, which is about 5% of India’s GDP,” the authors say.

If half of India’s computer software exports in 2019 ceased to exist, there would be a furor. But that $60 billion loss would have been the same as the foregone exports annually from low-skill production. It’s real, and yet nobody wants to talk about it. Policymakers don’t want to acknowledge that the shoes and apparel factories that were never born — or were forced to close down — could also have earned dollars and created mass employment. They would have provided a pathway for permanent rural-to-urban migration in a way that jobs that require higher levels of education and training never can. Bangladesh has two out of five women of working age in the labor force, double India’s 21% participation rate.
 

Dark1

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And now the facts
"Forex reserves jump $75 bn since lockdown
Foreign currency assets expanded by $5.73 billion to $508.7 billion in the week ended October 9, as per rbi "
"India’s foreign exchange reserves jumped by $5.86 billion in the week ended October 9 to hit a fresh high of $551.5 billion. As Covid-19 pandemic led to a sharp decline in imports of crude oil and gold and Indian companies attracted huge foreign direct investments, the forex reserves swelled by $75 billion since lockdown announcement in last week of March.

RBI data released on Friday shows that in the week ended October 9, the foreign currency assets expanded by $5.73 billion to $508.7 billion and the gold reserves were up by $113 million to $36.6 billion."

Interesting that Pakistan "experts" have totally removed Pakistan from the comparison battle with India and now use China and BD to fight their battles.

Pakistan foreign exchange now is less than 20 b usd , and most from foreign aid as the expat earnings are inadequate to cover the import export imbalance.

And in 1996 ,
1 Usd = 46 inr (now 73) and 40 pkr( now 164)
So pakistan rupees has devalued itself substantially.
 

Protest_again

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And now the facts
"Forex reserves jump $75 bn since lockdown
Foreign currency assets expanded by $5.73 billion to $508.7 billion in the week ended October 9, as per rbi "
"India’s foreign exchange reserves jumped by $5.86 billion in the week ended October 9 to hit a fresh high of $551.5 billion. As Covid-19 pandemic led to a sharp decline in imports of crude oil and gold and Indian companies attracted huge foreign direct investments, the forex reserves swelled by $75 billion since lockdown announcement in last week of March.

RBI data released on Friday shows that in the week ended October 9, the foreign currency assets expanded by $5.73 billion to $508.7 billion and the gold reserves were up by $113 million to $36.6 billion."

Interesting that Pakistan "experts" have totally removed Pakistan from the comparison battle with India and now use China and BD to fight their battles.

Pakistan foreign exchange now is less than 20 b usd , and most from foreign aid as the expat earnings are inadequate to cover the import export imbalance.

And in 1996 ,
1 Usd = 46 inr (now 73) and 40 pkr( now 164)
So pakistan rupees has devalued itself substantially.
$122 billion rise from this time last year. And we turned to beggar nation. Riaz has either lost his mind or thats pretty bad propaganda.
 

W.11

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that beg money will be used to construst Ram temples around india, while they shit, rape and kill on streets.

The Covid was blamed on tablighi jamaat/muslims, how the hindutvas are getting punished now is amusing, may it continue.

regards
 

N.Siddiqui

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Modi Govt Took Loans Worth over Rs 9k Crore from China-based AIIB: Anurag Thakur in Lok Sabha




India is seeking loans from China with all the bravado shown to poor local masses for political compulsion against China.


Local Charity in Pakistan:

Pakistanis donate generously to local charities in the country in the form of religiously mandated donations such as "zakat, sadaqa and fitrana". One of the key measures of empathy is generosity to others, the kind of generosity demonstrated in Pakistan by the likes of late Abul Sattar Edhi. The Edhi Foundation set up by the great man is funded mainly by small donations from ordinary people in Pakistan.
 
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N.Siddiqui

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One big difference between India and Pakistan is the 'generosity' factor in Pakistan by very rich class to middle class people, the reason you see less hunger in Pakistan than India...and the income discrepancy in India is huge...a few rich and a sea of poverty and disease.
 

Protest_again

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Modi Govt Took Loans Worth over Rs 9k Crore from China-based AIIB: Anurag Thakur in Lok Sabha




India is seeking loans from China with all the bravado shown to poor local masses for political compulsion against China.


Local Charity in Pakistan:

Pakistanis donate generously to local charities in the country in the form of religiously mandated donations such as "zakat, sadaqa and fitrana". One of the key measures of empathy is generosity to others, the kind of generosity demonstrated in Pakistan by the likes of late Abul Sattar Edhi. The Edhi Foundation set up by the great man is funded mainly by small donations from ordinary people in Pakistan.
Lol. AIIB is not Chinese alone. We are the second largest shareholders. And it's a loan like how China takes a loan from World bank.

The AIIB members with the largest share of voting power are China (26.5%), India (7.6%) and Russia (6.0%). Among non-regional shareholders, Germany has the most voting power (4.2%), followed by France (3.2%) and the United Kingdom (2.9%)

Which country has highest loan from World Bank 2019?

As per the recent data of the World Bank, China is the largest recipient of the loan from the World Bank Group.

S.N.CountryDebt (in million dollar)
1.China2420
2.India1776
3.Indonesia1692
4.Colombia1687
 
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Dark1

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Lol. AIIB is not Chinese alone. We are the second largest shareholders. And it's a loan like how China takes a loan from World bank.

The AIIB members with the largest share of voting power are China (26.5%), India (7.6%) and Russia (6.0%). Among non-regional shareholders, Germany has the most voting power (4.2%), followed by France (3.2%) and the United Kingdom (2.9%)

Which country has highest loan from World Bank 2019?

As per the recent data of the World Bank, China is the largest recipient of the loan from the World Bank Group.
...
Hemant Singh.
S.N.CountryDebt (in million dollar)
1.China2420
2.India1776
3.Indonesia1692
4.Colombia1687
Where is Pakistan in this list ?
 

Prince Kassad

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Modi Govt Took Loans Worth over Rs 9k Crore from China-based AIIB: Anurag Thakur in Lok Sabha




India is seeking loans from China with all the bravado shown to poor local masses for political compulsion against China.


Local Charity in Pakistan:

Pakistanis donate generously to local charities in the country in the form of religiously mandated donations such as "zakat, sadaqa and fitrana". One of the key measures of empathy is generosity to others, the kind of generosity demonstrated in Pakistan by the likes of late Abul Sattar Edhi. The Edhi Foundation set up by the great man is funded mainly by small donations from ordinary people in Pakistan.
1603102773511.png
 

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