Why Pakistan is wealthier than India

[Cobra Arbok]

I don't know. I am just a simpleton and take things at face value. So I will assume that

Pakistani government is poor but Pakistanis are rich

Indian government is rich but Indians are poor.

My question is assuming if what is being said is true can I infer that

Pakistanis are thieves when compared to Indians as they do not seem to be paying taxes to their government?

to be honest that problem is pevelant innboth countries.

 

[BringHarmony]

You can also trust me, wealth is also not an economic activity.

I don't claim that anywhere and I agree wealth is no economic activity.

By the way, you do consider that if banks are giving loans to buy property, it means people have means to return that loan back. Right or wrong?

In short, not always. It depends upon how good banking regulations are.

When it comes to land it is often true that banks forget the basics because credit fueled land and real-estate growth cycles often run 10s of years. It happened in US, isn't it? Plus at times things are very 'self fulfilling'. For example, you have a business of selling clothes which pays you decently, you also buy two houses. Three years down the line you sell one house and buy two more by using the proceedings of sale of that house as downpayment and you show your house capital gains as your income. It is house flipping, it keeps on going and house prices keep on increasing ... till it stops. And then everyone holding houses lose real or paper wealth. In-fact it is happening now in Canada.

House or other fixed assets prices can and presently --almost world-wide-- are divorced from the economic health of their respective countries.

This is also one proof for what I said earlier, Pakistan's economy is way more undocumented than India's. It is not a matter to be proud of, but Pakistan has much less extreme poverty because very few people in Pakistan pay back the government through taxes. That's why our state is poor, but people are not so much poor...

Something being undocumented by definition means not properly known. If people who spend day in and day out as their day jobs find it hard to document it, I will hazard a guess that it is hard to say which has how much bigger undocumented economy.

As far as poverty goes, there are better direct measures to it. Also, poverty and economic health are related but not the same. You can have a declining economy with absolutely no poverty. Like Japan of 2000s and vice versa in case of India, Bangladesh and Pakistan of 2005-present. Huge economic growth with a lot of poverty.

Point being, do not confound these : economic health, poverty and undocumented economy.

 

[HalfMoon]

to be honest that problem is pevelant innboth countries.

I am not sure. The way I reading this thread, Pakistanis are trying to prove that they are the best thieves. Why should I dispute if they are confessing.

• Produced capital and urban land—machinery, buildings, equipment, and residential and nonresidential urban land, measured at market prices.For brevity, the term produced capital is used in the book to include produced capital and urban land.
• Natural capital—energy (oil, gas, hard and soft coal) and minerals (10 categories), agricultural land (cropland and pastureland), forests (timber and some nontimber forest products), and terrestrial protected areas (for brevity, referred to simply as protected areas in the book). Marine-protected areas are not currently included. Natural capital is measured as the discounted sum of the value of the rents generated over the lifetime of the asset.

Simple question. What is Pakistan planning to do with its assets (on its Balance sheet)?

Generate revenue or sell them?

 

[KhalaiMakhlooq]

I am not sure. The way I reading this thread, Pakistanis are trying to prove that they are the best thieves. Why should I dispute if they are confessing.



Simple question. What is Pakistan planning to do with its assets (on its Balance sheet)?

Generate revenue or sell them?

Up to the Pakistannis.

 

[HalfMoon]

Up to the Pakistannis.

Of course but I am asking for your expert opinion. Also why limit the assets to 10 categories only?

The most important measure I think should be water availability per capita as without water humans are bound to die. What is your take on this?

Renewable internal freshwater resources per capita (cubic meters)

Renewable internal freshwater resources flows refer to internal renewable resources (internal river flows and groundwater from rainfall) in the country. Renewable internal freshwater resources per capita are calculated using the World Bank's population estimates.

https://data.worldbank.org/indicator/er.h2o.intr.pc?year_high_desc=true

 

[GHALIB]

you are absolutely right just watch the next post to yours.

pakistanis are intelligent, honest, labourious, progressive, friendly , way ahead of indians .

 

[Shahzaz ud din]

In my Native state Gujarat where i lived my 90% of life had GDP of 150(270 for whole pak) billion dollars, 3200$(1600$ for pak) per capita income and 9 to 12%(4% for pak) growth rate, with population of 5 carore in 2015-17.

This is just one state.

Not fair at all.It is better to compare UP with PAK having almost same population.

 

[MultaniGuy]

pakistanis are intelligent, honest, labourious, progressive, friendly , way ahead of indians .

You said it right.

 

[GHALIB]

Not fair at all.It is better to compare UP with PAK having almost same population.

UP is far far behind pakistan .

 

[Cobra Arbok]

Not fair at all.It is better to compare UP with PAK having almost same population.

up and pak are about equal in terms of development.

 

[GHALIB]

You said it right.

Pakistanis are fair, handsome, tall, dashing, tolerant ,balanced, truthful, wealthy , respect others faith,

 

[Shahzaz ud din]

up and pak are about equal in terms of development.

Kindly explain !!!

 

[Cobra Arbok]

Kindly explain !!!

UP's Hdi is 0.583, pak's is 0.562. So about the same with up slightly ahead.

 

[Shahzaz ud din]

UP's Hdi is 0.583, pak's is 0.562. So about the same with up slightly ahead.

Its only HDI which could be used to gauge the development of state or country???

What about GDP nominal ,GDP PPP and GDP per ca pita etc ???

 

[GHALIB]

to be honest that problem is pevelant innboth countries.

that's true .