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Pakistan’s GDP to grow by 5.7 percent this year

KARACHI: Pakistan’s gross domestic product is expected to grow by 5.7 per cent in 2015, according to a report in the prestigious magazine The Economist.

Pakistan was placed at fifth position of G20 and BRICS nation with GDP growth rate of 5.7 percent this year.

According to the list , India tops the list for growth of 7.6 percent while China is at second place with 6.9 percent GDP growth.

Philippines was placed at third spot with 6.7 percent GDP growth followed by Vietnam with 6.2 percent.

Pakistan’s GDP is expected to grow by 4.7 percent in 2016 whereas India’s expected GDP growth rate for 2016 is 8.1 percent.

The country’s industrial production increased by just 0.9 percent since last year whereas India’s production jumped by 5.0 percent since 2014.

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