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India

Deciphering Growth

The reported growth figures, while seemingly promising, come with a caveat ~ a dash of scepticism. Behind the curtain of soaring numbers lies a labyrinth of methodology, where the calculation of GDP growth resembles more of an art than a science.

A Bleak Future

Many stories circulate about the corruption of leading politicians of Pakistan, the Bhuttos, the Sharifs and the Zardaris etc., but the Army, which was the knight in shining armour, has outdone all politicians by institutionalising corruption. Reports indicate that the Pakistan Army has interests in a number of business ventures. Moreover, senior army officers, both serving and retired, head hosts of institutions in Pakistan, and unashamedly feather their nests

Paradox of Plenty

India‘s population bulge is also likely to strain sectors like education and healthcare, which suffer from massive under-investment currently. India‘s healthcare spending at 2.1 per cent of GDP is extremely low, even by developing country standards. With people aged 65 and above expected to double between 2023 and 2050, providing access to affordable and quality healthcare will be a significant challenge for India‘s policy wonks. Similarly, India spends $52 billion in educating almost 350 million children, which averages to a meagre $148 per child annually