Pakistan surpasses India's GDP growth rate

[Chinese-Dragon]

Data from the World Bank:

World Bank - Countries by Annual GDP growth %

India's GDP growth in 2012 = 3.2%

Pakistan's GDP growth in 2012 = 4.2%


Just type "India GDP growth rate" into Google search, and it will fetch a chart from the World Bank:

Go ahead. Check it yourself.

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If you look at the growth rate over the decades, India and Pakistan actually had very similar levels of GDP growth.

It seems the era from 2004 to 2007 was an anomaly that gave India high GDP growth, since the entire world was growing at lightning speeds during that period (China for example grew at 14.2% during 2007).

Is this the beginning of a shift in a new direction for South Asia? Comments welcome.

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[Contrarian]

Sadly -If our economic policies are as foolish as they continue to be...by next year even Sudan would post a higher growth rate than India.

A Change of economic policies are needed - and it seems this will only happen after General Elections.

 

[Chinese-Dragon]

Sadly -If our economic policies are as foolish as they continue to be...by next year even Sudan would post a higher growth rate than India.

A Change of economic policies are needed - and it seems this will only happen after General Elections.

Or the Indian Congress party could launch more super-socialist schemes, despite being neck deep in deficits and debts they can't afford. (India has the worst fiscal and trade deficits in the entire developing world).

Like the FSB and NEGERA, I think they were trying to break the world record for having the biggest socialist schemes on the planet.

The problem is, where are the productivity gains that will allow them to pay for it?

 

[Contrarian]

Or the Indian Congress party could launch more super-socialist schemes, despite being neck deep in deficits and debts they can't afford. (India has the worst fiscal and trade deficits in the entire developing world).

Like the FSB and NEGERA, I think they were trying to break the world record for having the biggest socialist schemes on the planet.

The problem is, where are the productivity gains that will allow them to pay for it?

There are none. That is the flat truth.

They were able to even launch these schemes because of high growth achieved last decade. However they are now killing the proverbial golden goose.

To be honest, I think Japan is one of the major reasons that there are still some productivity gains in India.
They are financing with loans almost everything worth significance in India.
From India's first Industrial corridor(DMIC) planned for increasing exports, to almost every metro system being built in Indian cities.

That is because the Congress is spending Indian money on welfare schemes, so practically all development is coming from Japanese and other foreign money.

 

[Assault Rifle]

@Chinese-Dragon

This is old data from IMF,LATEST from IMF:

IMF cuts Pakistan growth forecast for 2013, 2014
By AFP
Published: October 8, 2013


WASHINGTON: The International Monetary Fund on Tuesday lowered its growth forecast for Pakistan and the global economy and warned the outlook could get bleaker if the US political standoff over finances drags on.

The Pakistani economy is expected grow 2.3 per cent year-over-year in 2013 and 3.6 per cent in 2014, the IMF said, revising July estimates down by 0.7 and 0.1 percentage points per year, respectively.

The global economy’s growth percentages were also revised downwards with estimates being brought down by 0.3 and 0.2 percentage points.

http://tribune.com.pk/story/615207/imf-cuts-pakistan-growth-forecast-for-2013-2014/

IMF SLASHES INDIA GROWTH TO 3.8% THIS YEAR, 5.1% NEXT YEAR.
Wednesday, 09 October 2013

Reflecting India’s recent economic difficulties, the International Monetary Fund has slashed the country’s growth projection for 2013 to 3.8 per cent – down from 5.6 per cent forecast just three months ago.

For 2014, as well, the IMF does not envisage any grand revival, but a rather modest improvement of the growth profile to 5.1 per cent, which is still 1.1 per cent lower than what it predicted in July.

Setting out the figures in its new World Economic Outlook report, released here on Tuesday, the IMF makes a strong pitch for “a new round of structural reforms” in many emerging economies.

The report points to India’s “infrastructural and regulatory bottlenecks”, as is the case with Brazil, noting these snags have slowed output supply in the face of still-strong domestic demand.

In terms of monetary policy response, the IMF says several economies, including India, may well need more tightening to address continued inflation pressure from capacity constraints that would likely be reinforced by the recent currency depreciation.

On the global plane, the report, released ahead of the IMF-World Bank annual meetings here later this week, notes that world growth remains in low gear, with downside risks persisting. World growth for 2013 is now put at 2.9 per cent, down by 0.3 per cent from the July update.

http://www.dailypioneer.com/business/imf-slashes-india-growth-to-38-this-year-51-next-year.html

 

[Assault Rifle]

Thus in both 2013 & 2014 Indian GDP growth rate will be 1.5% more than Pakistan.

 

[AnnoyingOrange]

Data from the World Bank:

World Bank - Countries by Annual GDP growth %

India's GDP growth in 2012 = 3.2%

Pakistan's GDP growth in 2012 = 4.2%


Just type "India GDP growth rate" into Google search, and it will fetch a chart from the World Bank:

Go ahead. Check it yourself.

----------

If you look at the growth rate over the decades, India and Pakistan actually had very similar levels of GDP growth.

It seems the era from 2004 to 2007 was an anomaly that gave India high GDP growth, since the entire world was growing at lightning speeds during that period (China for example grew at 14.2% during 2007).

Is this the beginning of a shift in a new direction for South Asia? Comments welcome.

----------

Could not find anything to bash India today.. so doctored some numbers and went on with it. Hail Chinese Logic.

 

[Chinese-Dragon]

Could not find anything to bash India today.. so doctored some numbers and went on with it. Hail Chinese Logic.

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.

 

[hunter_hunted]

Whats the use this money will go back to IMF or Moneybags Packets

 

[ali_raza]

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.

 

[Liquidmetal]

The problem with these 'official' figures is that it cannot take into the hidden economy, both India and Pakistan have economic activities that cannot be measured because of the simple fact that many businesses do not post their true figures in order to pay less tax. For example It was estimated by an economist that PK's total GDP may in fact be around $500 billion. This may explain the rapid growth in the number of housing projects selling expensive homes, similarly the same reason why malls and airports and motorways are being built, now if only we can solve our energy problems, come on someone get all the idiots together and build Kalabagh and Basha on a war footing.

 

[chhota bheem]

congrats Pakistan.

 

[Chinese-Dragon]

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

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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.

 

[HariPrasad]

India had a Huge growth rate for so many years. I wish that to happen to Pakistan also. Though 4.2% growth is very low particularly in view of high inflation in Pakistan, the good thing is that Pakistan is doing good compare to previous years. Pakistan needs a sustained long term high growth rate. I wish Pakistan a good luck.

 

[Lil Mathew]

These type of waste bashing threads should be avoided.... It's only waste of time... Everybody knows the current Indian economic condition.... IMF and World Bank itself said the condition will change in future.... Threads like "why India facing slow down???" is worthy.... But " Vs " thread between one big and one small economy is waste of time....Try this one also.....

Iraq surpasses China...
China's GDP growth in 2012 = 7.8%

Iraq's GDP growth in 2012 = 8.4%....