India vs Pakistan: Pakistan’s economy was once stronger than India, today it is roaming around with a bowl… know why it became poor – once pakistan was ahead of india but now it is on verge of economic collapse
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After independence, where India chose the path of Non-Aligned Movement, Pakistan sat in the lap of America. He also got a lot of benefit from this. In the year 1960, Pakistan’s per capita GDP was $83.33 while India’s per capita GDP was $82.2. Even till 1990, the GDP of India and Pakistan was almost equal at $370 per person. Not only this, Pakistan was in a better position than India on many socio-economic indicators. But after that things began to change rapidly. Since 2007, India’s Per Capita GDP has been consistently higher than Pakistan. India’s per capita GDP in 2021 was $ 2,256.59 and Pakistan was $ 1505.01.
foreign exchange reserves
1960 Pakistan’s foreign exchange reserves were $0.32 billion while India’s forex reserves were $0.67 billion. That is, then India’s foreign exchange reserves were almost twice more than Pakistan’s. But now India’s foreign exchange reserves are about 200 times more than Pakistan’s. Pakistan has foreign exchange reserves of around $3 billion, which is not enough even for one month’s imports. Pakistan’s forex reserves have dropped to $3.1 billion, the lowest in 10 years. On the other hand, India’s forex reserve has reached $576.761 billion. In Pakistan, the price of one dollar has reached more than Rs 272. Today India is giving financial help to many countries like Sri Lanka while Pakistan is asking for help from all over the world with a bowl.
Pakistan Economic Crisis: Strange Pakistan, did not have money to buy food and bought this thing worth one billion dollars
Pakistan vs Maharashtra
According to the IMF, India is the fastest growing economy in the world today. India is raising flags in the world on every front. India is the fifth largest economy in the world today. India was at 9th position in 2010 and has moved up to 5th position in just nine years. India’s GDP is about 10 times bigger than Pakistan. Since 2008, Indian GDP has increased by about 140 percent while Pakistan’s GDP has increased by about 63 percent during this period. India’s GDP is around $3.53 trillion while Pakistan is at number 44 in the world with $347 billion. The economy of Pakistan is less than that of Maharashtra. Many other states of India are also preparing to leave Pakistan behind.
Pakistan Economic Crisis: Not only electricity has been cut, in this matter also Pakistan has been torn apart, there is a lot of chaos
how did the disaster happen
India started its journey after independence as an agricultural country. But after this the manufacturing and services sectors also emerged strongly. The service sector is the fastest growing sector, accounting for more than 60 per cent of the economy. It has 28 percent share in employment. Manufacturing is one of the important sectors and it is being promoted through programs like Make in India. On the other hand, Pakistan’s economy has suffered a severe setback due to unstable government, military dictatorship, contradictory power centers and policy of supporting terrorist organizations. No company in the world is ready to do business there. Industries are moving out of the country. Now the leaders of Pakistan have also started accepting the iron of India’s system.
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