India’s real GDP growth rate was at 7.3% in 2015, ranked 12th globally, which is in sharp contrast to Pakistan’s 4.2% at 60th, show data from CIA, US.
ET Bureau
With tensions escalating at the border, especially after the Uri terror attack, Indian Prime Minister Narendra Modi dared Pakistan to fi ght India over economic growth, not terrorism. “Let’s fight against unemployment, infant and maternal mortality, and see which country wins,” Modi said a few days ago. He said that if we were to fight, then the fight should create a better state with economic prosperity.
In an atmosphere of hostility, ET checked 10 economic parameters, where India came up trumps — be it growth or investment. On all such parameters, India, rated BBB-, the lowest investment grade, betters Pakistan, graded in the junk category.
India’s real GDP growth rate, for instance, was at 7.3% in 2015, ranked 12th globally, which is in sharp contrast to Pakistan’s 4.2% at 60th, show data from Central Intelligence Agency, US.
Ranked 11th, the market value of publicly traded Indian shares was at $1.263 trillion compared with Pakistan’s meagre $43.68 billion, ranked at a lowly 154th globally in 2012.
ET Bureau
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