Pakistan's GDP may have grown only 2.7% this year.

[Infinity]

Consumption is a big part of the economy, and there is a consumer boom evident in car and motorcycle sales, cement sales, FMCG sales, etc etc indicating the underlying strength of Pak economy and booming stock market.

BTW, do you have the data on car sales in India? The WSJ says the growth rate was just 2.2% in 2011-12, a fraction of Pakistan's car sales growth rate of 15% in the first 9 months of 2011-12.

Haq's Musings: Pak Consumer Boom Fuels Underground Economy

Your are very intelligent to play with % do you have the Number of sales of each item mentioned .............and in terms of currency

 

[Roybot]

Car sales growth in India was low because of the high interest rate. Ever since RBI started cutting the interest rates the Month on month sales grew by close to 20%.

In March, car sales rose by 19.66 per cent to 2,29,866 units from 1,92,105 units in the same month last year.

Consumers were just being cautious.

At the same time Commercial vehicles sales posted a growth of 22%!

Sales of commercial vehicles, mainly trucks, buses and lighter cargo vehicles grew 22% in 2011 year-on-year, higher than its global arch rival China which posted a 10% dip for the same year. While US, once the world's largest CV market bounced back into the positive territory in 2011 posting a 13% growth year-on-year signalling some revival of the global automotive market.

 

[-INDIAN-]

As I said , you bharti internet cry-babies are amazing...

Dumbo girl , THAT is what I was point in my post...that...the figure quoted..is NOT official so why bhartis are jumping? Just like you don't see BBC as credible because it is not official figures...similarly , 2.7% figure is nothing but a joke...it comes from one random guy... BBC is atleast more credible than that...Regarding your economy .... Here's for you...Your LATEST 2012 government report...came in your media two hours ago ...enjoy your shupperrrr dhuppher bhartimata

60 per cent of India's rural population lives on less than Rs 35 a day - The Times of India

Now this is your government official survey...at the time of your "BEST" economic performance in your history... Pakistan is going through its WORST times of history and its economy is performing WORST and YET we atleast live a better life than Indians

Atleast we don't have THAT much AIDS ..

BBC NEWS | Health | India 'has most people with HIV'

oh another genie wonder how HIV cases in economic topic.....wow kudos....

and here is the truth we arent sayin we arent devoid of poors what we are doing to change that though and it is stated as follows by worldbank


"With a population of just over 1.2 billion, India is the world’s largest democracy. In the past decade, the country has witnessed accelerated economic growth, emerged as a global player with the world’s fourth largest economy in purchasing power parity terms, and made progress towards achieving most of the Millennium Development Goals.

However, poverty remains a major challenge though it is declining steadily but slowly. Based on the new official poverty lines, 42% of people in rural areas and 26% of people in urban areas lived below the poverty line in 2004-05. Official poverty estimates for 2009-10 are not yet available but preliminary estimates suggest that in 2009-10 the combined all India poverty rate was 32% compared to 37% in 2004-05.

Resources generated from recent growth are now being invested into a set of very ambitious programs to deliver services to the poor. These include programs to provide elementary education, basic health care, health insurance, rural roads and rural connectivity, and other services to the poor.

These programs are achieving partial results on the ground. Between 2003 and 2009, the number of out-of-school children declined from 25 million to 8 million (less than 5% of the 6-14 age group). Leprosy, polio, and TB are almost under control and the spread of AIDS has been kept in check. Large numbers of women have been mobilized into self-help groups to generate new livelihood opportunities. Massive new initiatives are being pioneered that are revolutionizing the way services are being delivered to low-income groups.

India continues to grow at a rapid pace, although the government recently reduced its annual GDP growth projection from 9% to 8% for the current fiscal year ending March 2012. The slowdown is marked by a sharp drop in investment growth resulting from political uncertainties, a tightening of macroeconomic policies aimed at addressing a high fiscal deficit and high inflation (going well beyond food and fuel prices), and from renewed concerns about the European and US economies. Although the Government was quite successful in cushioning the impact of the global financial crisis on India, it is now clear that a number of MDG targets will only be met under the Twelfth Five Year Plan (2012-17).
India - India Country Overview- September 2011


lol we have large population when compared to you hence more cases of AIDS....comeon lets not play with the cases of diseased people's suffering if you want so i am upto it mate have look at this for your nation's pride

India removed from WHO list of polio nations | DAWN.COM

Pakistan Struggles to Fight Polio
so its me who ll have to say

 

[cloud_9]

@ Mr. RiazHaq, Auto industry is not all about car's.
@Roybot, I think that 22% fig. is for FY11.

Production
The cumulative production data for April-March 2012 shows production growth of 13.83 percent over same period last year. In March 2012 as compared to March 2011, production grew at a single digit rate of 6.83 percent. In 2011-12, the industry produced 20,366,432 vehicles of which share of two wheelers, passenger vehicles, three wheelers and commercial vehicles were 76 percent, 15 percent, 4 percent and 4 percent respectively.

Domestic Sales
The growth rate for overall domestic sales for 2011-12 was 12.24 percent amounting to 17,376,624 vehicles. In the month of only March 2012, domestic sales grew at a rate of 10.11 percent as compared to March 2011.

Passenger Vehicles segment grew at 4.66 percent during April-March 2012 over same period last year. Passenger Cars grew by 2.19 percent, Utility Vehicles grew by 16.47 percent and Vans by 10.01 percent during this period. In March 2012, domestic sales of Passenger Cars grew by 19.66 percent over the same month last year. Also, sales growth of total passenger vehicle in the month of March 2012 was at 20.59 percent (as compared to March 2011). For the first time in history car sales crossed two million in a financial year.

The overall Commercial Vehicles segment registered growth of 18.20 percent during April-March 2012 as compared to the same period last year. While Medium & Heavy Commercial Vehicles (M&HCVs) registered a growth of 7.94 percent, Light Commercial Vehicles grew at 27.36 percent. In only March 2012, commercial vehicle sales registered a growth of 14.82 percent over March 2011.

Three Wheelers sales recorded a decline of (-) 2.43 percent in April-March 2012 over same period last year. While Goods Carriers grew by 6.31 percent during April-March 2012, Passenger Carriers registered decline by (-) 4.50 percent. In March 2012, total Three Wheelers sales declined by (-) 9.11 percent over March 2011.

Total Two Wheelers sales registered a growth of 14.16 percent during April-March 2012. Mopeds, Motorcycles and Scooters grew by 11.39 percent, 12.01 percent and 24.55 percent respectively. If we compare sales figures of March 2012 to March 2011, the growth for two wheelers was 8.27 percent.

Exports
During April-March 2012, the industry exported 2,910,055 automobiles registering a growth of 25.44 percent. Passenger Vehicles registered growth at 14.18 percent in this period. Commercial Vehicles, Three Wheelers and Two Wheelers segments recorded growth of 25.15 percent, 34.41 percent and 27.13 percent respectively during April-March 2012. For the first time in history car exports crossed half a million in a financial year.

In March 2012 compared to March 2011, overall automobile exports registered a growth of 17.81 percent.

Auto Industry Ends 2011-12 on a Positive Note


PAMA Production and Sales Figures.

---

Cars (Jul 10 - Jun 11)
Prod. - 133,272
Sale - 127,944

Cars (Jul 11 - Mar 12)
Prod. - 110,059
Sale - 112,721

---

Trucks (Jul 10 - Jun 11)
Prod. - 2,810
Sale - 2,843

Trucks (Jul 11 - Mar 12)
Prod. - 1,893
Sale - 1,714

---

Buses (Jul 10 - Jun 11)
Prod. - 490
Sale - 515

Buses (Jul 11 - Mar 12)
Prod. - 439
Sale - 427

Numbers for LCVS, VANS & JEEPS can be found Here & Here

 

[Bl[i]tZ]

Pakistani economic growth falls to 2.8%

2.8% is the growth achieved this year after the change in base of national accounts:
Statistics Secretary Sohail Ahmad.

 

[Zeeshan360]

So it's official ..

 

[bindaas]

So it's official ..

It was obvious.

 

[Juice]

I must need to re-take some economics classes...I thought anything above 2% was at least ok, then I am mainly thinking in terms of a developed economy...