New Delhi, May 7 Under ‘Operation Sindoor’, India took action against the terrorist camps of Pakistan. India carried out airstrikes on nine terrorist camps and avenged the Pahalgam terrorist attack. Pakistan is scared due to India’s action. On the other hand, there was an uproar in the Pakistan stock market on Wednesday.
Meanwhile, Pakistan is deteriorating on the economic front as well as the military front.
Actually, there is a huge difference between the two countries which got independence at the same time. On one hand, India is writing new dimensions of prosperity and is moving towards becoming the third largest economy of the world. On the other hand, Pakistan remains a hub of terror.
India remains the fastest growing economy of the world. If we look at the World Bank’s 2024 data, India’s gross domestic product (GDP) is close to $3.88 trillion, which is 10 times more than the size of Pakistan’s economy (only $0.37 trillion).
According to the World Economic Outlook report of the International Monetary Fund (IMF), India can become the fourth largest economy in the world by overtaking Japan in 2025 and the size of GDP in the current year is estimated to be $4.187 trillion.
India is miles ahead of its neighbor Pakistan on all parameters of the economy. The country’s foreign exchange reserves are at $688 billion. At the same time, Pakistan has foreign exchange reserves of only $15 billion and is on the verge of economic collapse. Also, it is also seeking a loan from the IMF.
In the early years after independence, Pakistan’s economy grew at the same rate as India with US aid and donations from oil-rich Islamic countries.
On the other hand, democratic India kept its focus on economic development and lifting people out of poverty.
At the same time, Pakistan witnessed a bloody coup and military dictatorship, where army generals are still taking decisions and promoting hostility against India.
Training and nurturing terrorism by Pakistan is a major part of this conspiracy.
After the horrific terrorist attack in Pahalgam, Moody’s had said on India-Pakistan tension that this could affect Pakistan’s economy.
The report said that the tussle with India could hinder Pakistan’s access to external funding. Apart from this, there could also be additional pressure on Pakistan’s foreign exchange reserves.
According to the report, macroeconomic conditions in India will remain stable in comparison, growth will be boosted by moderate but still high levels amid strong public investment and healthy private consumption.
