India's per capita income is $50 higher than Pakistan. This is not a lot.
Indias per capita income at PPP is $3,802. Pakistans is $2,744.
List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia
India's economy and Pakistan's economy are growing at the same rates. If you consider all the political turmoil and earthquakes Pakistan has had occuring within its region over the last 2-4 years, one can only wonder how much quicker the economy would be growing. Even so, a 7% (9% growth sometimes) is very rapid growth. India's economy is not growing much faster than this, if it really is growing faster at all. According to Standard's & Poor's credit rating is at B+ though the outlook has been changed due to politics, this is still a huge increase from a triple C credit rating just 4 or 5 years ago when India already had a B credit rating. During the times of democracy, Pakistan's credit rating sunk, during Musharraf's dictatorship time credit ratings have increased 5-6 notches. In other words it has nothing to do with democracy being the difference between Pakistan and India, it has everything to do with sound policies being put into force by rulers, which for Pakistan has come about through a dictator. Pakistan has made more significant strides than India in this department.
Same rates? First of all Indias economy is much larger than Pakistans in terms of dollar value. That means a 2% growth rate difference is huge, and the two countries cannot be said to be growing at the same rates. Secondly, Pakistan's economy is in trouble now and we are barely going to make 6.5% this year, while India is mainting it's impressive growth easily. India's growth is fueled entirely of it's own strength, while we've been recieveing billions of dollars of aid and borrowing from western donors.
7% growth is indeed impressive, but it was unsustainable and specialists had been warning for a long time about what is happening now but the government failed to heed their warnings.
Western companies are moving their R&D wings to India, and more and more investment is coming in to that country. Corporations worldwide are vying for a share of the Indian market, while they're too afraid to step foot inside Pakistan. Even a middle eastern company cancelled it's plan to build a hotel in Pakistan.
As for growth rates in military v civilian eras, it is not because of any special ability of generals, it's because every military era has corresponded to America needing Pakistan and thus bestowing massive aid on the country. If they had supported civilian governments, by now we would have learnt to operate civilian governments effectively.
India can have a Muslim President, but they would never allow a Muslim head of state as Prime Minister, or if they did, it would be one subservient to the Hindu cause. You are a trifle delerious to believe that India would grant any power to an independent minded Muslim. Pakistan had a Hindu CJ, who holds more power than just a ceremonial Muslim Indian president.
This is completely unfounded Indophobia. Pakistan had a temporary Hindu CJ, we still haven't appointed one officially. Also, Pakistan discriminates against it's minorities through it's constitution, barring them from taking the PM/President office, which is a sad violation of Jinnahs vision for Pakistan.
You are free to search for introspection. But make it rationale and creditable. For this you need to read up on statistics and understand the context of figures, not just to state "India's economy is better than Pakistan's, because India has $610 per capita, and Pakistan has $590. This is a NEGLIGIBLE difference. Both per capita incomes are similar. One could argue developmental indicators of Pakistan are better than India, such as lifespan, poverty, starving people, but even though Pakistan is better off in these departments, it's not much better than India. When searching for the reasons for this, burping out democracy like you're some kind of expert, and not the snot dribbling little deflatulating little kid that you are, gives the WRONG IMPRESSION about the causes of why certain economic factors favour India. The basis for differences are almost in all cases start points. Nothing else. Pakistan and India are growing at similar rates. For inflation, if you had the slightest knowledge of ANY economics, and not your pus-ridden exam papers that you squeezed the contents of your last zit onto, you would know why hot economies cause these phenomena. It's actually a sign that Pakistan's economy is being driven by a huge consumer force, stronger than India's, which would make it healthier in many respects. And Karachi Stock Exchange is still outperforming the Indian ones.
My criticism is rational and credible. Ask any economist in the world to make a comparison between the Indian and Pakistani economies, and you will hear the bitter truth. Western economists are starting to mention India along with China every time, while I've never heard of the Pakistani economy being mentioned anywhere when South Asia's rising affluence is being discussed.
And if you're going to make the claim that developmental indicators of Pakistan are better than it's neighbors, then I would like to see some links from sources such as world bank or IMF or Asian Development bank. I'd be delighted to see them.
India does better because international investors see it as a stable country where laws are upheald and there is no turmoil, with the army controlling every government agency. Every few weeks in Pakistan there is a new factor causing unrest, whether it's an assassination or a fired judge or a bombing in a mosque.
And it's funny that you're claiming that Pakistans higher inflation points to a stronger consumer base. I guess that makes Pakistan even stronger than China, since China's growth is in double digits yet it's inflation is lower than ours. Inflation is caused by fast growing economies, but it is the job of governments to CONTROL it and not let their economy overheat, which is clearly happening with ours, and China and India have avoided it marvellously while keeping their higher growth rates.
"It has out performed other emerging equity markets during the last four years in particular, including Malaysia, India, Indonesia and Turkey."
http://www.londonstockexchange.com/...B636-DB877A379C1B/0/Privatisationminister.pdf
As has been pointed out, it's not a superior/inferior discussion, it's factual, not something a Bart Simpson watching ignorant would understand.
The quotes praising the economy are from the past, when growth was strong. Each and every one of these reports also warned about overheating, inflation etc and the need for further structural reforms to keep the strong growth. The government has failed to do so and now we're paying the price. Indias rupee has appreciated to something like 39 rupees against the dollar, while ours has slipped to 64 rupees.
Go into the economy thread and see almost every news item showing negative news. "Export target missed", "Inflation up", "Loadshedding to happen", "Foreign Reserves down", "Debt hits $40 billion".
Keep doing what you're doing man, it's very easy being macho on the internet. Your obsession with skin color and physical traits and repeated ridiculing of a different race are enough reason to assume you are racist.
