Chakar The Great
SENIOR MEMBER
- Joined
- Apr 25, 2018
- Messages
- 5,614
- Reaction score
- 0
- Country
- Location
Juvenile thinking...Maha is the commercial, industrial and financial hub of India. It represents all of India with a population of 1.35 billion.
By this rule UP with a population of 24 crore must have a higher GDP than Pakistan, another Indian state which is not the case...
"Lies, damned lies, and statistics"
That higher GDP includes the 50 billion USD equity of Ambani's and others, it doesn't translate into each one of the poor is getting the GDP per capita of India shown as stats.
In Pakistan, the informal, cash-based economy for goods and services is larger than the formal economy. Barron's, November 17, 2012
Assuming that the ratio of formal and informal economy remained the same in 2011-12, here are the figures for Pakistan's total economy as of the end of last fiscal year which ended in June, 2012 :
1) Formal Economy: $210 billion
2) Informal Economy: $191 billion
3) Total Economy: $401 billion
Naween Mangi of Businessweek in her piece titled "The Secret Strength of Pakistan's Economy" described how Pakistan's informal cash-based economy evades government's radar, illustrating it with the story of a tire repair shop owner Muhammad Nasir. Nasir steals water and electricity from utility companies, receives cash from his customers in return for his services and issues no receipts, pays cash for his cable TV connection, and pays off corrupt police and utility officials and local politicians instead of paying utility bills and taxes.
This hurts Indians when you show them them the mirror, they like to cherry pick facts to Mock Pakistan, they ll hide the extreme poverty in UP ( which is more populated than whole Pakistan) and cover up with GDP of Mahrashtra. I think we should let them stay in Lala land. India is super power already for most sanghis and bakhts.