Thread by @agentjay2009

Thread on #PakistanWasMovingForward under PTI, but PDM Govt has ruined the economy! Comparison of key economic indicators in last two years, based on Economic Survey 2023:

Per capita income:
2022:— $1765
2023:— $1568

GDP growth:
2022:— 6.1%
2023:— 0.29%

1/n

Industrial growth:
2022:— 7.19%
2023:— -2.94% 🔻(negative)

Large scale manufacturing:
2022:— 10.61%
2023:— -8.11%🔻(negative)

Total GDP:
2022:— $383 billions
2023:— $341 billions

Exports:
2022:— $28.83 billions
2023:— $21.2 billions

2/n

Remittances:
2022:— $26.1 billions
2023:— $20.5 billions

FDI:
2022:— $1.4 billions
2023:— $1.0 billions

Foreign exchange reserves:
2022:— $16.4 billions
2023:— $4.2 billions

Service sector growth:
2022:— 6.19%
2023:— 0.86%

3/n

Agriculture growth:
2022:— 4.40%
2023:— 1.55%

CPI inflation:
2022:— 11%
2023:— 28.2%

Food inflation:
2022:— 11.8%
2023:— 37.9%

Perishable food inflation:
2022:— 4.1%
2023:— 47%

Non-perishable food inflation:
2022:— 13.1%
2023:— 36.4%

4/n

Key deductions from Economic Survey of 2023:

Govt has missed all key economic indicators in financial year 2022-23, putting economy in a nosedive

With only 0.3% economic growth & 38% inflation, economy has slipped into massive stagflation

Source: Finance Division of Govt

5/5