Pakistan Leaves Behind India In Development Race

18/01/17

Pakistan has left behind India in development race. According to the Asian Age Newspaper, India is behind Pakistan and China in ranking of World Economic Forum. World Economic Forum report consisting of economic growth and development and other economic indicators has been released in Davos. The report states that Pakistan is at 52ndwhile India at 60th number among 79 growing economics of the world. According to the report, IDI depends upon 12 development indicators. Besides GDP growth, reviewing stability and coordinated equality is necessary to judge economic development in a comprehensive manner. Lithonia is at the top of the list in growing economic powers, Azerbaijan at second while Hungry at third number. It is worth mentioning that India is behind in economic growth as compared to a number of neighboring countries. In ranking, China is at 15th, Nepal at 27th, Bangladesh at 36th and Pakistan has been placed at 52ndnumber. Russia is at 13th and Brazil at 30th while Poland, Rumania, Uruguay, Latonia, Panama, Costa Rica, Chili at the end of the list.  Majority of the countries are wasting opportunities of economic growth while lessening inequality as there is a need of evolving a new growth model and sources of measurement, leading policy makers.