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thanks a lot.. ( I did figure it out though ).. that shows the negative growth by India twice in the later half of the past century. notice the fall immediately after the war years (1965 was most noticeable)..
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That's exactly the point. Somehow these guys have got the idea that Pakistan's GDP growth rate has been inscribed in the stone for next 10-30 years. Which is obviously not true.
thanks a lot.. ( I did figure it out though ).. that shows the negative growth by India twice in the later half of the past century. notice the fall immediately after the war years (1965 was most noticeable)..
The Indo-Pakistani War of 1965 led the US and other countries friendly towards Pakistan to withdraw foreign aid to India, which further necessitated devaluation. Defence spending in 1965/1966 was 24.06% of total expenditure, the highest in the period from 1965 to 1989. This, accompanied by the drought of 1965/1966, led to a severe devaluation of the rupee. Current GDP per capita grew 33% in the Sixties reaching a peak growth of 142% in the Seventies, decelerating sharply back to 41% in the Eighties and 20% in the Nineties.
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