Neglect India, Pakistan cannot even beat these two states by way of GDP – Particulars
Current estimates present that Maharashtra’s Gross State Home Product (GSDP) stands at Rs 42.67 lakh crore, translating into USD 490 billion. Tamil Nadu’s GSDP is Rs 31.55 lakh crore, i.e., USD 329 billion.
Whereas India has efficiently proven the world its navy edge over Pakistan by launching Operation Sindoor and tackling Pakistan within the incidents after that, now it’s the flip of India’s economic system to show its mettle. Notably, Pakistan’s economic system can’t even match particular person Indian states like Tamil Nadu and Maharashtra. In response to the most recent figures compiled by worldwide monetary establishments, which embody the World Financial institution and the Worldwide Financial Fund (IMF), Pakistan’s economic system considerably lags behind some Indian states.
In 2004-05, Pakistan’s economic system was round USD 132 billion. It at present hovers round USD 338 billion to USD 373.08 billion. In distinction, Maharashtra’s economic system has grown from USD 92 billion in 2004-05 to USD 490 billion in 2023-24. Tamil Nadu’s economic system has additionally displayed vital progress, because it has gone as much as USD 329 billion in the identical interval from USD 48 billion.
Current estimates present that Maharashtra’s Gross State Home Product (GSDP) stands at Rs 42.67 lakh crore, translating into USD 490 billion. Tamil Nadu’s GSDP is Rs 31.55 lakh crore, i.e., USD 329 billion.
As per these numbers, Maharashtra’s GDP is 45 per cent bigger than Pakistan’s complete economic system, whereas Tamil Nadu is nearly equal to it.
The expansion trajectories of those two Indian states outpace Pakistan’s progress. Within the 2004-05 interval, Pakistan’s GDP was virtually 1.5 occasions that of Maharashtra, whereas Tamil Nadu accounted for simply 37 per cent of Pakistan’s economic system.
Maharashtra has targeted on industrialisation, infrastructure improvement, in addition to financial liberalisation insurance policies. Tamil Nadu has benefited enormously from its automotive, textile, and electronics sectors.
Pakistan, then again, depends on bailout packages from the IMF. Lately, IMF reviewed Pakistan’s Prolonged Fund Facility (EFF), which features a $1 billion instalment, and regarded a brand new USD 1.3 billion Resilience and Sustainability Facility (RSF).
In a press launch, India questioned whether or not the repeated failures stemmed from weaknesses within the IMF’s programme design, its monitoring processes, or Pakistan’s unwillingness to implement vital reforms.
