Pakistan needs to recognise India’s phenomenal economic growth.

World News

Islamabad: According to Mosharraf Zaidi in The News International, Pakistan’s military, bureaucracy, political, business, and all other sectors must acknowledge India’s remarkable emergence as a nation and put an end to a broken, dysfunctional, and failed status quo.

India’s GDP was just over USD 450 billion in 1999, when General Musharraf surprised the Pakistani people with the Kargil misadventure, but it is now USD 3.18 trillion, according to Zaidi.

India’s capacity to participate in world affairs is now in a different league, if not an entirely different universe, than it was in 1999. According to me, India has put on “big boy pants,” said Zaidi.

Pakistan’s GDP is only about USD 350 billion, which is less than one-tenth the size of India’s.

According to Zaidi, the illusion of economic parity, if such a thing ever existed, is starting to erode just as India’s economic growth story is just getting started.

Morgan Stanley predicts that India’s overall GDP will increase from its current USD 3.18 trillion to nearly USD 8 trillion by 2030, or in less than seven years.

Currently, 2.2% of exports worldwide come from Nigeria. According to Morgan Stanley, this will increase to 4.5% of all exports in 2030. Over the next seven years, the Indian retail market is anticipated to more than double to over USD 1.8 trillion.

Most significantly, the per capita GDP is anticipated to rise from USD 2,278 to USD 5,242. From 5.6% to over 25% of all Indian households, the proportion of households with an annual income over USD 35,000 is anticipated to soar. According to The News International, this means that one out of every four Indian households will belong to the global middle class.

Most of the time, highly educated people will be responsible for that household income. Most of them will be buyers of expensive goods. The upper-middle-class Indian will be the single most coveted consumer on the planet, making the Indian celebrity the highest paid on the planet. India is moving from having a lot of poor people to having a lot of rich people by the year 2030, levelling up their entire economy.

According to Zaidi, India’s society, polity, and economy today are what will drive the country to become a significantly larger economic entity by 2030.

India’s greatness as a nation is being realised at a time when decisions made under its leadership are being honoured with the highest honours.

According to The News International, the most potent of these benefits is India’s transformation from a poor nation with a large population of poor people to a rich nation with a growing population of rich people.

And this explains why Prime Minister Narendra Modi receives a red carpet welcome almost everywhere he goes, from Abu Dhabi to Tokyo and Washington, DC, to Canberra.

Meanwhile, internal unrest in Pakistan, including the military’s unjustified and unconstitutional meddling in civilian affairs, the ineptitude of its political elites, and its unbalanced economic affairs, all call for a significant package of transformational reforms, according to Zaidi.

Pakistan has been weakened by its susceptibility to terrorism and the propensity of Pakistanis in high positions to make foolish strategic decisions (such as during the Battle of Kargil or with the desperate Bajwa Doctrine), but the fundamentals of Pakistani national security have not changed.

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