By Admin 
India-pakistan: India and Pakistan may be the neighboring countries of each other, but there is a difference of ground and sky between the conditions of both. A new data of the World Bank has revealed that in the last ten years where poverty in India has decreased on a large scale. At the same time, Pakistan is surrounded by economic troubles.
NDTV, quoting the World Bank’s data, said in its report, where India’s development model focused on growth and poverty removal, while Pakistan drowned in increasing debt due to financial mismanagement. Financing of terrorism related activities also continued to grow here.
Increasing poverty in Pakistan
The World Bank has recently placed the global poverty line between $ 2.15 to $ 3 per person to find out economic conditions and inflation. India’s speed towards development on this high benchmark was also worth seeing.
According to the World Bank’s Poverty and Shared Prosperity report, excessive poverty in India has come down from 27.1 percent to 2022 in 2012 to only 5.3. The number of people living in excessive poverty in the country has come down from 344.47 lakh to 75.24 lakh in 2022-23 in 2011-12. That is, there has been a decrease of 269 lakhs, which is more than the entire population of Pakistan.
Pakistan’s economy on debt dependent
In contrast, the ratio of its population in excessive poverty between 2017 and 2021 in Pakistan increased from 4.9 percent to 16.5 percent. The comprehensive poverty rate on the basis of income of $ 4.2 per day increased from 39.8 percent to more than 44.7 % in 2021.
Pakistan’s economy is very much dependent on the assistance from other countries and loans of foreign banks. Pakistan has taken a $ 25 bailout package of $ 44.57 billion from IMF. Apart from this, a loan of $ 38.8 billion has been taken from the World Bank, Asian Development Bank and Islamic Development Bank.
Along with this, Pakistan has also taken more than $ 25 billion loans from China. It also has $ 7.8 billion $ Eurobond and Sukuk borrowings. Pakistan has also got financial assistance from countries like Saudi Arabia, UAE and members of Paris Club.
The army is the doer of politics and economy
Speaking to NDTV, Ajay Bisaria, who was India’s high commissioner in Pakistan, said, “The world cannot solve the problem of Pakistan until the problem of being present in a large number of Pakistani army in politics and economy. Resource allotment work in Pakistan is in the hands of the army, so the funds to be sent are misused by the army and in the construction of terrorist system. All donors should be aware of data which shows that only Pakistan’s army is flourishing with the bailout package.
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