Indian Cities to See Fastest Growth in Asia Over Five Years

[ito]

If you look at the 70 year post independence period of India and Pakistan, Pakistan GDP growth rate from 50's to late 90's were almost twice that of India, specially in the 60's and 70's and during Musharraf era.

India was known for 'Hindu rate of growth of about 2-2.5% per year when Pakistan was growing at above 5% over those years,

After the N.Roa opened up the Indian economy to a more formal economy India witnessed positive growth, in MMS era and now. Pakistan was never a closed economy like earlier India and this is one of the reason that Indians are over awed by recent growth, new cars, new electronic gadgets, new cellular phones and so on and so forth.

Yes it is also true that in the last 10-12 years Pakistan lagged behind India in growth, but that is a temporary thing due to WOT, Corrupt regimes of Zardari and Nawaz, and many other factors...its doesn't necessarily mean Pakistan cannot reach the Indian growth figures in coming years...times and things are changing here in Pakistan at fast pace.




That would be great, but projections can go haywire...check the IMF projections of Brazil and Indonesia now they are nowhere in growth parameters.

Projection could go wrong, but projections are not made irrationally...they have a basis to make such projections. Anyway, according to PWC, by 2050 India's per capita will more than twice that of Pakistan.

 

[Indus Pakistan]

So cars

Pluralist I am no friend of India but I am not blind to reality either. I am a full on petrolhead and cars are my 'hobby'. I do know a thing or two about cars and I say with regret notwithstanding what you said India is league years ahead of Pakistan in auto industry. We in Pakistan don't even have the basics of auto industry. Do we even have steel industry? Do we have local mature engineering industry. No we don't. Only the military has some engineering capability in Taxila area but that is all military related.

Rest is like the caricature I drew in my previous post. Just licence industry.

 

[N.Siddiqui]

India's per capita will more than twice that of Pakistan.

'Kon jeeta hai teray zulf kay sar honay tak'.

BTW more often than not projection are wrong...so better not to make any future predictions and projections...

 

[Indus Pakistan]

2050 India's per capita will more than twice that of Pakistan.

No it won't. We have a secret weapon. We will continue to out do you guys with our 'weapon'.

 

[danger007]

Delhi is the most polluted city of the world.

First overcome open defecation problem by building t@oilets then brag about growth, I usually ignore these type of threads but I don't know why you keep tagging me.

Your love on open defecation... Lolz... You build only toilet forget about growth... You amlet, don't let me crack your egg shell..

We don't need tourists or have any competition.

Tourists visits Thailand more than India and you know why.


You want I post some real pictures of Delhi?


Many medical tourist visit India for illegal transplant and rent a womb.

You don't need normal tourist... But you guys export tourists..

 

[N.Siddiqui]

Do we have local mature engineering industry. No we don't. Only the military has some engineering capability in Taxila area but that is all military related.

Rest is like the caricature I drew in my previous post. Just licence industry.

Yes that might be partly true, I have also under the impression about the non existent local car vendor industry, nothing is made in Pakistan in car parts and auto parts....I was under this thinking also.

Then I started to read and research different business publications, news sites, so on and so forth, actually there is a decent car vendor Industry in Pakistan and growing.

Also if you look into the new car manufacturers coming in Pakistan in next few years and investment in vendor industry which now exceeds 2 billion USD, the prospects looks good. Very few people including me knew that Pakistan exported car parts worth 75 million USD last year, and Millat tractors is into exports and making the tractor engine locally.


Check this site...lot of web research has gone into it.

https://defence.pk/pdf/threads/made...ing-products-are-all-local-made.510937/page-5

 

[ito]

'Kon jeeta hai teray zulf kay sar honay tak'.

BTW more often than not projection are wrong...so better not to make any future predictions and projections...

You are wrong...the Industry, stock markets, investments, economies depends on forecasting. The bread and butter of investment banking industry is forecasting. Major part of finance education at Harvard and Stanford is to make student learn how to forecast...and more than $70 trillion are invested across the world in stocks are based on forecasting...so yes...future predictions matter a lot.

 

[Indus Pakistan]

out do you guys

And we have been doing so since 1960s. I will call a spade a spade. The figures you get for GDP per capita for Pakistan are grossly under- enumerated. The reality is Pak GDP per capita is probably double the figures you read and more to the point probably 25% higher then India's and spread out more evenly. That is the way it is now despite India having gainined on Pakistan. Any visitors who visit both countries notice is straight away.

So what is the secret behind Pakistan's economy. Can you guess? We have a industry that is well ahead of what India has? Any ideas what the "secret weapon" is?

And that is why the poor in Pakistan are way better off then the poor in India.

 

[ito]

No it won't. We have a secret weapon. We will continue to out do you guys with our 'weapon'.

And what is that weapon?

 

[Indus Pakistan]

And what is that weapon?

Immigrants. Our biggest industry since 1970s has been exporting migrants. The dollars they send home is more than any other industry in Pakistan. Indeed Pak migrants as a industry are bigger than Tata, Birla, Reliance combined.

This is where we are champions.

 

[ito]

Immigrants. Our biggest industry since 1970s has been exporting migrants. The dollars they send home is more than any other industry in Pakistan. Indeed Pak migrants as a industry are bigger than Tata, Birla, Reliance combined.

This is where we are champions.

I think India beats you there too. Remittance from NRIs to India is $70 billion, the highest in the world, while Pakistan's is $10 billion. And Tata's revenue this year is $104 billion.

 

[N.Siddiqui]

Immigrants. Our biggest industry since 1970s has been exporting migrants. The dollars they send home is more than any other industry in Pakistan. Indeed Pak migrants as a industry are bigger than Tata, Birla, Reliance combined.

Other positive things which is usually not manifested in the local economy is.

- Big charity given practice in Pakistan, economists have predicted about 650 billion Rs. are given as charities to poor as Zakat, as donations to individuals, charity run hospitals and other institutions. Pakistan rank 4th in the world in per capita charity donations.

One reason you see less multi dimensional poverty in Pakistan than in India.

 

[Kamikaze Pilot]

And we have been doing so since 1960s. I will call a spade a spade. The figures you get for GDP per capita for Pakistan are grossly under- enumerated. The reality is Pak GDP per capita is probably double the figures you read and more to the point probably 25% higher then India's and spread out more evenly. That is the way it is now despite India having gainined on Pakistan. Any visitors who visit both countries notice is straight away.

So what is the secret behind Pakistan's economy. Can you guess? We have a industry that is well ahead of what India has? Any ideas what the "secret weapon" is?

And that is why the poor in Pakistan are way better off then the poor in India.

I gave up dude and many Indians have given up. Care to satisfy our curiosity?

 

[N.Siddiqui]

the highest in the world, while Pakistan's is $10 billion. And Tata's revenue this year is $104 billion.

Pakistan remittances for the last 3-4 year was 20.5 billion USD per year, In India it has declined to 62 billion this year, Pakistan decline is negligible. Check with respect to population of two countries.

 

[ito]

Pakistan remittances for the last 3-4 year was 20.5 billion USD per year, In India it has declined to 62 billion this year, Pakistan decline is negligible. Check with respect to population of two countries.

Yes you are right, India's is 62 billion USD and Pakistan's 20 billion USD