What's new

Pakistan's Per Capita income Rises to $3135 Amid Slow Growth

Your logic is absurd, because, money coming in is not lying around in a bank account, It is put into work, invested, stuff built, goods produced. you wouldn't be talking like this if you know the multiplicity effect of money. Why do you keep harping about FDI, when we are talking about GDP and GDP per capita. The $23.7 billion FDI you are talking about is only about 1.5% of the $1.53 trillion GDP, so there little effect even if you make the entire FDI zero. Indian economy is not FDI dependent anymore, its true, we got our first few years of growth as a result of outsourcing, but now our economic growth is mostly domestic consumption driven by an expanding middle class.

Summed it up just nice..!! :tup: :tup:
 
.
In case you haven't heard, the Indian rupee is hitting record lows as investors pull out large sums of US $$ from India.

In India, overseas investors pulled out $842 million from equities last week, the biggest weekly outflow in six months, data from the regulator show. That sent the rupee to a record low of 52.73 on Nov. 22. The currency gained 0.6 percent to 51.965 yesterday, paring this year’s drop to 14 percent, the worst performance among Asian currencies.

Incase you dint know , weak rupee is good for exports , though it may hurt Imports a bit !
 
.

Pakistan Defence Latest Posts

Pakistan Affairs Latest Posts

Back
Top Bottom