Pakistan's Economy Now Trails Indian States Like Maharashtra and Tamil Nadu:

Suspense crime, Digital Desk : Even after receiving a second IMF payout of $1.02 billion under the Extended Fund Facility (EFF), Pakistan’s economy still lags behind important Indian regions like Tamil Nadu and Maharashtra.

As of 2023-24, Pakistan’s GDP is sitting at $373.08 billion and growing at an estimated rate of 2.6%, per IMF data.

Comparison: Past and Present

In 2004-05, Pakistan's economy was valued at $132 billion; during this time:

The GSDP of Tamil Nadu was $48 billion, which is about 37% of Pakistan’s GDP
The GSDP of Maharashtra was around $92 billion, approximately 69% of Pakistan’s GDP

Projected for 2023-24:

The Tamil Nadu economy is expected to reach $329 billion while Pakistan is projected to be around $373.08 billion.
Maharashtra's economy is expected to rise to $490 billion.

Pakistan’s Economic Decline Compared to Indian States:

As of now, Pakistan’s GDP is only 69% of Maharashtra’s GDP, a reversal from previously being 1.5 times larger.
Tamil Nadu has significantly closed the gap with Pakistan, truly cementing its status as a rising powerhouse.

IMF Support: 25th Bailout Since 1958

This marks the twenty-fifth IMF bailout for Pakistan since 1958. In 2023, the IMF approved a $3 billion short-term lifeline to avert a financial collapse.

From the perspective of economic growth, the country suffers from lagging growth when compared to its regional counterparts.