Guys,
Let us be systematic and realistic. Let us define what we are looking at. I would like to draw your attention to few facts about Pakistan's economy.
Fact A) Size and Growth (2005 est.)
=================
GDP (purchasing power parity): $393.4 billion
GDP (official exchange rate): $89.55 billion
GDP - real growth rate: 6.9%
GDP - per capita (PPP): $2,400
Public Debt: 53.8% of GDP
Inflation Rate: 9.1%
Unemployment rate: 6.6% plus substantial underemployment (Thanks Madarsa education)
Population below poverty line: 32%
Fact B) Major Export Earnings
====================
GDP - composition by sector:
agriculture: 21.6%
industry: 25.1%
services: 53.3%
With above in perspective, their exports are:
1) SERVICE (53% of GDP): extensive export of labor, mostly to the Middle East, and use of child labor.
2) INDUSTRY (25% of GDP): textiles (garments, bed linen, cotton cloth, yarn), leather goods, sports goods, chemicals, manufactures, carpets and rugs
3) AGRICULTURE (21% of GDP): rice, cotton
And where do exports go?
US 22.4%, UAE 8.3%, UK 6%, China 5.4%, Germany 4.7%
Fact C) Economic Aid, and Military Expense
==========================
1) Economic aid - recieved: $2.4 billion (data from FY01/02 - aid has substancially gone up in recent years due to cooperation in war on terror and earthquakes)
2) Military budget $4.26 billion (2005 est.)
Conclusions
=========
1. No matter how much lefty media hype up the growth of Pakistan - 6.9% GDP growth of Pakistan over $393.4 billion of their base, is not even comparable to Indian growth of 7.6% over $3.611 trillion of baseline! Instead of India, compare them realistically with Sri Lanka, Phillipines, or Indonasia. In fact dispite her size, India is doing better on all indices of economic growth including Poverty, Unemployment, Public Debt, Inflation etc.
2. Pakistan's military expenditure almost matches what they receive in economic aid from USA, UN and Europe! If you really want to do something, do it here! Highlight it to the world leaders that their Aid is what is actually building the Islamic Nuke!
3. If you want to really affect their growth, affect it by targetting their Service export to middle east. Almost all executives, white collar jobs and even skilled labour is exported by Pak. Do something to cut this short. (Option 1 - Increase your own export. Option 2 - develop other muslim competitors to Pakistan. Develop Afghanistan for example or Central Asian countries. Those people can go work cheaper and better than Pakistanis in Middle East, and being no threat to India. In fact India can become the strategic facilitator of the growth of Afghanistan, Kazhakistan and Turkmenistan. It would stop Pakistan in the heels!)
4. If you live in US, UK, Germany, it would be enough if you just watch out for textile, leather, sports products and rice from Pakistan, and yes false-India restaurants. They mostly dont produce and export much else.
5. Last, in my opinion, we should not talk about banning all Islamic countries's products and services. Unfortunately for India's growth, she still depends heavily upon the imports from Middle East, especially petrol! First do something about reducing our dependence on them in our industrial sector (Option 1: Indegenous power. Option 2: Develop other resources - Myanmar, Kazakhistan). Second reason, India is a major exporter to UAE and Saudi Arabia for high technology. We earn a good %age of our GDP from exports to UAE (second only to USA)
Let us be systematic and realistic. Let us define what we are looking at. I would like to draw your attention to few facts about Pakistan's economy.
Fact A) Size and Growth (2005 est.)
=================
GDP (purchasing power parity): $393.4 billion
GDP (official exchange rate): $89.55 billion
GDP - real growth rate: 6.9%
GDP - per capita (PPP): $2,400
Public Debt: 53.8% of GDP
Inflation Rate: 9.1%
Unemployment rate: 6.6% plus substantial underemployment (Thanks Madarsa education)
Population below poverty line: 32%
Fact B) Major Export Earnings
====================
GDP - composition by sector:
agriculture: 21.6%
industry: 25.1%
services: 53.3%
With above in perspective, their exports are:
1) SERVICE (53% of GDP): extensive export of labor, mostly to the Middle East, and use of child labor.
2) INDUSTRY (25% of GDP): textiles (garments, bed linen, cotton cloth, yarn), leather goods, sports goods, chemicals, manufactures, carpets and rugs
3) AGRICULTURE (21% of GDP): rice, cotton
And where do exports go?
US 22.4%, UAE 8.3%, UK 6%, China 5.4%, Germany 4.7%
Fact C) Economic Aid, and Military Expense
==========================
1) Economic aid - recieved: $2.4 billion (data from FY01/02 - aid has substancially gone up in recent years due to cooperation in war on terror and earthquakes)
2) Military budget $4.26 billion (2005 est.)
Conclusions
=========
1. No matter how much lefty media hype up the growth of Pakistan - 6.9% GDP growth of Pakistan over $393.4 billion of their base, is not even comparable to Indian growth of 7.6% over $3.611 trillion of baseline! Instead of India, compare them realistically with Sri Lanka, Phillipines, or Indonasia. In fact dispite her size, India is doing better on all indices of economic growth including Poverty, Unemployment, Public Debt, Inflation etc.
2. Pakistan's military expenditure almost matches what they receive in economic aid from USA, UN and Europe! If you really want to do something, do it here! Highlight it to the world leaders that their Aid is what is actually building the Islamic Nuke!
3. If you want to really affect their growth, affect it by targetting their Service export to middle east. Almost all executives, white collar jobs and even skilled labour is exported by Pak. Do something to cut this short. (Option 1 - Increase your own export. Option 2 - develop other muslim competitors to Pakistan. Develop Afghanistan for example or Central Asian countries. Those people can go work cheaper and better than Pakistanis in Middle East, and being no threat to India. In fact India can become the strategic facilitator of the growth of Afghanistan, Kazhakistan and Turkmenistan. It would stop Pakistan in the heels!)
4. If you live in US, UK, Germany, it would be enough if you just watch out for textile, leather, sports products and rice from Pakistan, and yes false-India restaurants. They mostly dont produce and export much else.
5. Last, in my opinion, we should not talk about banning all Islamic countries's products and services. Unfortunately for India's growth, she still depends heavily upon the imports from Middle East, especially petrol! First do something about reducing our dependence on them in our industrial sector (Option 1: Indegenous power. Option 2: Develop other resources - Myanmar, Kazakhistan). Second reason, India is a major exporter to UAE and Saudi Arabia for high technology. We earn a good %age of our GDP from exports to UAE (second only to USA)