Saturday, March 23, 2019

It's the economy, stupid!

Ali Hasanain writes in the Dawn:

In the five-decade period between 1963 and 2002, India generally grew slower than Pakistan, yet there were six instances of India’s annual economic growth exceeding the size of Pakistan’s entire economy.

More worryingly for the strategist, in the 15 years since 2003, India has achieved this feat nine times.

and

Simply to return to our relative strength with respect to India to 1990 levels, we need to grow at an average of 10pc for the next 30 years — achievable, but a feat accomplished only by Ireland, China and Vietnam in the past.

The key out of this mess lies in understanding that this is as much a story of our stagnation as it is of India’s rise. Since the 1980s, every major South Asian economy has improved its citizens’ health, and since 1990 its wealth, faster than Pakistan.

1 comment:

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