The condition of Pakistan’s economy is bad, the world is surprised to see the pace of India’s progress
India’s growth rate was 7.2 percent
India’s GDP is increasing rapidly these days. According to the recent GDP data, India’s GDP growth rate in the financial year 2022-23 has been 7.2 percent. GDP growth in the March quarter has been 6.1 percent. India’s GDP figures have come better than expected. India’s GDP is growing at a time when there are fears of a recession in the economy of western countries.
Pakistan’s default is certain if IMF does not give loan, Pakistani expert warns
Pakistan’s GDP
In the midst of the economic crisis, there is a danger of Pakistan’s economy defaulting. On behalf of Pakistan itself, the GDP estimate for the year 2022-23 has been reduced by 2 percent to 0.29 percent. At the same time, the estimated growth rate of agriculture sector is 1.55 percent, in industrial sector -2.94 percent and growth of services sector is estimated to be 0.86 percent.
