India Among Biggest Losers and Pakistan Among Biggest Gainers in World Happiness Rankings

[RiazHaq]

http://www.riazhaq.com/2019/03/india-among-biggest-losers-and-pakistan.html

World Happiness Report 2019 says that India is among the world's biggest losers while Pakistan is among the biggest gainers on World Happiness Index. Under Prime Minister Narendra's Modi's leadership, India's ranking has worsened from 118 in 2016 to 140 in 2019. In the same period, Pakistan's ranking has improved from 92 in 2016 to 67 in 2019. World Happiness index is considered a better representation of people's well-being than other economic and social indicators individually.


World Happiness Trends in India and Pakistan. Source: United Nations
Contrary to the Indian and media hype about Modi-nomics, it was recently reported that unemployment rate in India has reached its highest in 45 years. Indian GDP growth figures have been challenged as too optimistic by top Indian and western economists. Modi's demonetization has turned out to be a major disaster for India's largely cash-based economy. Farmers are continuing to take their own lives by the thousands each year as the agrarian crisis continues to take its toll. India's community fabric has been fraying with sharp spike in social hostilities against minorities.


Social Hostility Against Minorities in South Asia. Source: Bloomberg

This year's United Nations Sustainable Development Solutions Network's annual World Happiness Report ranked 156 countries based on 6 indicators: income per capita, life expectancy, social support, freedom, generosity and corruption.

Countries in Scandinavia continue to to top the list while Sub-Saharan African nations remain at the bottom. Pakistan ranks 67 among 156 countries, tops South Asia region. China ranks 93, Bhutan 95, Nepal 100, Iran 117, Bangladesh 125, Iraq 126, India 140 and Afghanistan at 154.

Indian Prime Minister Modi has been accused by his critics of stoking tensions with Pakistan ahead of this year's general elections to divert attention from his government's poor performance. Some analysts believe that recent Indian airstrikes in Pakistan have helped bolster Modi's domestic support among his among his right-wing Hindu Nationalists base.


India-Pakistan Military Spending: Infographic Courtesy The Economist
While Modi may have made domestic political gains, India's international perception as a "great power rising" has suffered a serious setback as a result of its recent military failures against Pakistan. Pakistan spends only a sixth of India's military budget and ranks 17th in the world, far below India ranking 4th by globalfirepower.com.

Related Links:

Haq's Musings

South Asia Investor Review

Pakistanis Happier Than Neighbors

Modi's GDP Growth Figures Challenged by Economists

Social Hostilities Spike in India Under Modi

Modi's Demonetization Disaster

Is India a "Paper Elephant"?

Farmers Suicides in India

India's Hindu Nazis

Pakistan Rising or Failing: Reality vs Perception

Pakistan's Trillion Dollar Economy Among top 25

CPEC Myths and Facts

http://www.riazhaq.com/2019/03/india-among-biggest-losers-and-pakistan.html

 

[Imran Khan]

even dogs in my country laugh

 

[Village life]

even dogs in my country laugh

View attachment 548141

Where is the other haund, aik chuma edher aik udher Wala,

Half of their happiness coming from veedic era just vanished in the last week of February 2019,

 

[RiazHaq]

https://www.riazhaq.com/2017/11/credit-suisse-pakistans-wealth.html

Data released by Credit Suisse with its Global Wealth Report 2017 shows that Pakistan is the most egalitarian nation in South Asia. It also confirms that the median wealth of Pakistani households is three times higher than that of households in India.

Wealth Inequality:

Inequality is measured in terms of Gini index. It ranges from 0% for perfect equality (when everyone has the same wealth) to 100% for total inequality (when all of the wealth is owned by one person). On this scale, Pakistan’s Gini index is 52.6%, Bangladesh’s 57.9%, Sri Lanka’s 66.5%, Nepal’s 67.3%, China’s 78.9% and India's 83%.


Data Source: Credit Suisse Graph: Counterview


Household Wealth:

Here is per capita wealth data for India and Pakistan as of mid-2017, according to Credit Suisse Wealth Report 2017 released recently.

Pakistan average wealth per adult: $5,174 vs India $5,976
Pakistan median wealth per adult: $3,338 vs India $1,295

Average household wealth in Pakistan is $15,522 (3 adults) vs India $14,940 (2.5 adults)
Median household wealth in Pakistan is $10,014 (3 adults) vs India $3,237 (2.5 adults)

Pakistan Gini Index 52.6% vs India 83%

Ownership of Appliances and Vehicles:

Growing household wealth in developing nations like India and Pakistan is reflected in ownership of consumer durables like computers, home appliances and vehicles. This data is sourced from periodic household surveys like NSS (National Sampling Survey) in India and PSLM (Pakistan Social and Living Standards Measurement) in Pakistan.


Durables Ownership in India and Pakistan. Source: KSBL


India-Pakistan Comparison:

Dr. Jawaid Abdul Ghani, a professor at Karachi School of Business Leadership, has recently analyzed household surveys in India and Pakistan to discover the following:

1. As of 2015, car ownership in both India and Pakistan is about the same at 6% of households owning a car. However, 41% of Pakistani household own motorcycles, several points higher than India's 32%.

2. 12% of Pakistani households own a computer, slightly higher than 11% in India.

3. Higher percentage of Pakistani households own appliances such as refrigerators (Pakistan 47%, India 33%), washing machines (Pakistan 48%, India 15%) and fans (Pakistan 91%, India 83%).

4. 71% of Indian households own televisions versus 62% in Pakistan.


Durables Ownership Growth in Pakistan. Source: KSBL
Growth over Time:

Dr. Abdul Ghani has also analyzed household data to show that the percentage of Pakistani households owning washing machines has doubled while car and refrigerator ownership has tripled and motorcycle ownership jumped 6-fold from 2001 to 2014.


Income/Consumption Growth in Pakistan. Source: KSBL

Rapid Income Growth:

Rising ownership of durables in Pakistan has been driven by significant reduction in poverty and growth of household incomes, according to Dr. Abdul Ghani's research. Percentage of households with per capita income of under $2 per day per person has plummeted from 57% in 2001 to 7% in 2014. At the same time, the percentage of households earning $2 to $10 per day per person has soared from 42% of households in 2001 to 87% of households in 2014. The percentage of those earning over $10 per day per person has jumped 7-fold from 1% of households in 2001 to 7% of households in 2014.

Summary:

Credit Suisse wealth data for 2017 shows that Pakistan has the lowest wealth inequality in its region as measured by Gini index. Lower inequality can be seen in terms of rising percentage of households that can afford to buy durables like appliances and vehiclesas reported by Dr. Abdul Ghani of Karachi School of Business and Leadership (KSBL).

 

[Great Janjua]

Go ask modi too rescue them

lol.... why ? This is "naya pakistan" after all [emoji38]

 

[El Sidd]

all thanks to the Indian imposed war on Pakistan.

 

[Great Janjua]

Yeah go rescue them then

lol. What about imran khan ?

Heard he wished "happy holi" to those bunch and they waved the pakistani flag in support and joy ? [emoji38]

 

[Daghalodi]

Thankyou Jinnah

 

[Ahmad Sajjad Paracha]

*Correction black @ss on fire [emoji13]

 

[Ahmad Sajjad Paracha]

*Correction black @ss on fire [emoji13]

 

[Icewolf]

Well when you don't have toilets in your country , that's what happens

 

[Type59]

Rss Indians I want to hear your excuses. Every year you make the same excuses.

 

[RiazHaq]

#India biggest loser in #WorldHappinessReport. #Pakistan big gainer. Media hype about #Modi-nomics negated by highest #unemployment in 45 years. Indian #GDP growth questioned; #demonetization disaster #Farmers #suicides. India's social fabric in tatters. https://www.southasiainvestor.com/2019/03/india-among-biggest-losers-and-pakistan.html …

 

[Peaceful Civilian]

Congratulations. We Rock!