It is fascinating that a single Indian conglomerate, the Tata Group, boasts a net worth of around $365 billion, surpassing Pakistan’s estimated total GDP of $341 billion. From 1991 to 20218, we witnessed a remarkable shift in the Indian economy.
By 2018, India’s GDP had surged to around $2.7 trillion, dwarfing Pakistan’s then $356.13 billion. Today, the contrast is even starker. This discrepancy highlights the divergent paths taken by India and Pakistan in their policy approaches towards national prosperity. The liberalization of the Indian economy in 1991 opened the doors to foreign investment and trade, fostering a dynamic environment. Investments in key sectors like information technology (IT) and manufacturing catapulted India onto the global stage as a tech and manufacturing powerhouse. Conversely, Pakistan, grappling with political turmoil and inconsistent economic policies, faced challenges in attracting sustained investment and achieving similar growth. These divergent paths underscore the importance of stable economic policies and strategic planning in fostering sustainable prosperity.
Touseef Ahmed
Larkana
This letter refers to the news report ‘25 varsities across Punjab working without regular VCs’ . The report states...
The state of education in Sindh is quite alarming, as highlighted by the Planning Commission’s District Education...
I would like to draw the SBP’s attention to the plight of the Sohni Dharti Remittance Programme. It has been more...
Last month the SSGC charged me an ‘additional general security deposit’ of Rs1756. This month too, I have to pay...
The heavy monsoon rains in Khyber Pakhtunkhwa have led to at least 68 deaths, according to the National Disaster...
The month of August proved to be really tragic for law enforcement and security forces. Eleven cops embraced martyrdom...