Pakistan surpasses India's GDP growth rate

[UKBengali]

Not in the mood to bash.

Even though Indians were justifying and supporting the terrorist attack in China that killed 2 people.

I am genuinely interested in the regional strategic ramifications, of this sudden collapse in growth momentum.

The realisation that India is destined to not be able to grow at any more than 6-7% a year means that any chance
it has of matching China is now gone.

 

[UKBengali]

Countries with a smaller economy should grow much faster than a country with a larger economy.

Most of the fastest growing countries in the world are in Africa.

We need to reform to grow fast as our economy is already around $8.2 trillion.

The problem with China now is that it is no longer poor but a middle-income country.

As it is huge it cannot keep raising exports like it did in the past and so it's growth will be more consumption based going into the future.

7-8% a year GDP growth till the end of the decade is still quite good.

 

[bc040400065]

Actually If you see the figures pakistan's GDP growth rate was highest in Asia till the late 60's and higher than india till the 1990. But after that we only had five years of musharaff government that saw real growth in GDP. All PPP and PMLN government have failed miserably on the economic front starting from 1990.

 

[Srinivas]

Indian Economy will be on track soon......

 

[JayAtl]

An interesting article to read in hindsight, from India's favourite President:

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

India to become superpower by 2012: Kalam - Economic Times

Former President A P J Abdul Kalam today lauded ISRO's scientists for successfully launching the PSLV-C9 to put 10 satellites in orbit.

India has become very advanced in space technology, he said, adding the country would become a superpower by 2012.

"Though I have envisioned India to become a superpower by 2020, the attitude and the confidence of the youth, to conquer everything in the right spirit, would make the country a global leader and super power within five years," Kalam told reporters.

you like using that quote but don't see it in context of a political rah rah statement on purpose. Mr. Kalam is not an economist rather one could say he was foretelling his hopes in regards to space technology. It was also given on the day he " lauded ISRO's scientists for successfully launching the PSLV-C9 to put 10 satellites in orbit."

This would be like us using one chinese general threat to nuke the US as an excuse to nuke china first. ALA taking one guys statement literraly.
http://www.ft.com/cms/s/2/28cfe55a-f4a7-11d9-9dd1-00000e2511c8.html#axzz2jIrikihn

 

[Assault Rifle]

This information is straight from the World Bank.

If you don't believe it, click on the World Bank link, or go to Google and type in "India GDP growth rate".

Go and try it yourself.

This is the latest data from World Bank:

ISLAMABAD:
The World Bank sounded optimistic on Thursday as it projected that Pakistan’s economic growth would remain steady at 3.5% in the current financial year, underestimating adverse impact of tight monetary and fiscal policies on growth and job creation.

According to the bank’s South Asia Economic Focus report, there will be a marginal decrease of 0.1 percentage point in real gross domestic product (GDP) growth compared with 3.6% the country achieved in the last fiscal year.

http://tribune.com.pk/story/616414/...omy-resilient-growth-to-remain-steady-at-3-5/

So @Chinese-Dragon or lizard Pakistan grew by 3.6% last year acc. to World bank & not 4.2%.

Also IT added that India grew by 5% in 2012 % not 3.2 %:

The bank has projected that regional GDP will grow by 4.4 percent in calendar 2013, 5.7 percent in 2014, and 6.2 percent in 2015. India, which accounts for 80 percent of South Asian GDP, would expand 4.7 percent in fiscal 2013-14, down from 5 percent the previous year, it said.

http://in.reuters.com/article/2013/10/09/worldbank-southasia-growth-idINDEE9980J120131009
Source: REUTERS

LINK to World Bank report:
http://www.worldbank.org/content/dam/Worldbank/document/SAR/SAEF Fall 2013.pdf

 

[bc040400065]

Actually If you see the figures pakistan's GDP growth rate was highest in Asia till the late 60's and higher than india till the 1990. But after that we only had five years of musharaff government that saw real growth in GDP. All PPP and PMLN government have failed miserably on the economic front starting from 1990.

 

[bc040400065]

Actually If you see the figures pakistan's GDP growth rate was highest in Asia till the late 60's and higher than india till the 1990. But after that we only had five years of musharaff government that saw real growth in GDP. All PPP and PMLN government have failed miserably on the economic front starting from 1990.

 

[Chinese-Dragon]

God speed Pakistan... next is China to surpass ... go go go...

Now that our economy is over $8.3 trillion, even maintaining 7.8% growth will be difficult.

If inflation is included, we add around $1 trillion to our nominal GDP every year with these growth rates.

So it makes sense that Pakistan, with a much lower base GDP, should be able to reach double-digit growth. They won't need to add nearly as much to get a higher growth rate.

But they need the right reforms, including politically unpopular ones like tax reform. For that you need a great leader, who will carry out systematic reforms of the entire system regardless of whether or not is politically popular.

 

[Contrarian]

Now that our economy is over $8.3 trillion, even maintaining 7.8% growth will be difficult.

If inflation is included, we add around $1 trillion to our nominal GDP every year with these growth rates.

So it makes sense that Pakistan, with a much lower base GDP, should be able to reach double-digit growth. They won't need to add nearly as much to get a higher growth rate.

But they need the right reforms, including politically unpopular ones like tax reform. For that you need a great leader, who will carry out systematic reforms of the entire system regardless of whether or not is politically popular.

Which is never going to happen. Nearly the entire political system of Pakistan comprises of feudal landlords or their relatives.
The only major party that shares power with the political elite is the Army. They dont do anything to upset the cart as they make money off for their own people.

There is one major point that you have not considered. Regardless of whether Pakistan grows faster than India by say 1 percentage point, their population growth rate is 50% more than us as well as inflation.

That means per capita income growth will still be slower than India even if they match India year on year in GDP growth.

It was exactly opposite for many decades, decades back. Pakistan had an equal population growth rate as India, and a faster GDP growth rate. Those days for Pakistan are however long gone.

 

[nair]

Does this data include the aid received?



Note : no sarcasm intended

 

[Chinese-Dragon]

Indian Economy will be on track soon......

How exactly?

The super-socialist schemes called FSB and NEGERA are long-term economic bombs.

Congress gets the "political upper hand" from the FSB... then the next government has to pay for it. And how can they pay for it, when India already has the largest fiscal and trade deficits in the developing world? Not to mention the debt-to-GDP ratio which is higher than even Spain?

Does the Indian government even care about what happens 5 years later?

 

[Srinivas]

Chinese deficit is close to 195% of its GDP, India has much less than that.

Indian economy is not export driven but consumer driven, So India set the economy soon.

How exactly?

The super-socialist schemes called FSB and NEGERA are long-term economic bombs.

Congress gets the "political upper hand" from the FSB... then the next government has to pay for it. And how can they pay for it, when India already has the largest fiscal and trade deficits in the developing world? Not to mention the debt-to-GDP ratio which is higher than even Spain?

Does the Indian government even care about what happens 5 years later?

 

[my2cents]

india and pakistan are both tied in a caig.had there been peace and issues resolved.i bet both will grow at 10%anually without doubt.

unfortunately your cross border attacks prevent good relations to develop even if the intentions are there.

 

[Chinese-Dragon]

Chinese deficit is close to 195% of its GDP, India has much less than that.

Indian economy is not export driven but consumer driven, So India set the economy soon.

China has a trade surplus, not a deficit. Look at this Indian IQ.