Wednesday, March 27, 2019

Pakistan Beats India In Happiness

&l;div class=&q;yiv5304239831p1&q;&g; &l;img class=&q;dam-image getty size-large wp-image-1024248110&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/1024248110/960x0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; l &l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;When it comes to happiness Pakistan beats India big time.That&s;s according to the recently &l;a href=&q;http://worldhappiness.report/ed/2019/&q; target=&q;_blank&q;&g;published&l;/a&g;&a;nbsp;&l;i&g;World Happiness&a;nbsp;&l;/i&g;&l;/span&g;&l;/span&g;&l;i&g;Report&l;/i&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;, which ranks &l;/span&g;&l;/span&g; &l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Pakistan in the 67&l;sup&g;th&l;/sup&g; position, and India in the 140&l;sup&g;th&l;/sup&g; position&a;mdash;near the bottom of the list of the 156 countries ranked.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Most notably, the gap between the two countries has widened compared to two years ago, when Pakistan ranked in the 80th position, and India in the 122nd position.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;That&s;s in sharp contrast with the performance of the equity markets of the two countries. Happy citizens usually help the economy grow and prosper&a;nbsp;&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s2&q;&g;&l;span&g;--&a;nbsp;&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;taking equity markets to new highs. But that isn&a;rsquo;t the case with the equity markets of the&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;se&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g; two countries. Pakistan&a;rsquo;s equities have been heading south in the last twelve months, as India&a;rsquo;s equities moved north.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;/div&g;

&l;div class=&q;table-wrapper&q;&g;&l;table class=&q;yiv5304239831MsoNormalTable&q; border=&q;0&q; cellspacing=&q;0&q; cellpadding=&q;0&q;&g;&l;tbody&g;&l;tr&g;&l;td valign=&q;top&q;&g; &l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;b&g;&l;span&g;Index/Fund&l;/span&g;&l;/b&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;b&g;&l;span&g;12-month Performance&l;/span&g;&l;/b&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;b&g;&l;span&g;Global X Pakistan (PAK)&l;/span&g;&l;/b&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;b&g;&l;span&g;-29.10%&l;/span&g;&l;/b&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;b&g;&l;span&g;iShares S&a;amp;P India 50 (INDY)&l;/span&g;&l;/b&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;b&g;&l;span&g;9.63%&l;/span&g;&l;/b&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;/tbody&g;&l;/table&g;&l;/div&g;&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Source: Finance.yahoo.com 3/22/19&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p3&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p3&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;The&a;nbsp;&l;i&g;World Happiness Report&l;/i&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s2&q;&g;&l;span&g;combines&a;nbsp;&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;quantitative data&a;nbsp;&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s2&q;&g;&l;span&g;--&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;such as per capita GDP growth&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s2&q;&g;&l;span&g;&a;nbsp;--&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;and qualitative data, such as social support, freedom to make life choices, and perceptions of corruption&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;,&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g; to rank 156 countries.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Pakistan&s;s big edge &l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;in &l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;the happiness ranking over India may come as a surprise to some emerging market observers. India&a;rsquo;s economy has been outperforming Pakistan&a;rsquo;s in a number of metrics, like world competitiveness, GDP size and growth, and inflation rates - see table.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Besides, India is a democracy that has yet to be interrupted by military coups.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;b&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/b&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;b&g;&l;span&g;Pakistan&a;rsquo;s, India&a;rsquo;s Key Metrics (2018&l;/span&g;&l;/b&g;&l;/span&g;&l;/div&g;

&l;div class=&q;table-wrapper&q;&g;&l;table class=&q;yiv5304239831MsoNormalTable&q; border=&q;0&q; cellspacing=&q;0&q; cellpadding=&q;0&q;&g;&l;tbody&g;&l;tr&g;&l;td valign=&q;top&q;&g; &l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Country&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;India&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Pakistan&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;GDP&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;$2597.49 billion&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;$304.95 billion&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;GDP Growth yoy&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;6.6%&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;5.79%&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Unemployment&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;6.1%&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;5.9%&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Inflation Rate&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;2.57%&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;8.21%&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;World Competitiveness Ranking&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;58&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;107&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Capital flows&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;-$21.31 million&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;-$1210.63 million&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Government Debt to GDP&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;68.7%&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;72.5%&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;/tbody&g;&l;/table&g;&l;/div&g;&l;div&g;&l;span&g;Tradingeconomics.com 3/22/19&l;/span&g;&l;/div&g;

&l;div&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/div&g;

&l;div&g;&l;span&g;So, what have&a;nbsp;&l;span class=&q;yiv5304239831s1&q;&g;Pakistanis done better than Indians in the pursuit of happiness?&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;It&a;rsquo;s hard to say. Most of the variables included in the calculations are qualitative, and therefore, prone to specification and measurement errors. &l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Still&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s2&q;&g;&l;span&g;,&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;the gap between the rankings of the two countries is too big to be ignored.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;ldquo;It must be other metrics, like income inequality and poverty,&a;rdquo; says Udayan Roy, Professor of Economics at LIU POST. &a;ldquo;That&a;rsquo;s matters more than per capita GDP when it comes to well-being of the masses.&a;rdquo;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831speakable-paragraph&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831speakable-paragraph&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Indeed, the&l;/span&g;&l;/span&g;&l;span&g; rich are getting richer in India while&a;nbsp;the&a;nbsp;poor are getting poorer.&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831MsoNormal&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831MsoNormal&q;&g;&l;span&g;Over the last four decades, India&a;rsquo;s top 1% earners&a;rsquo;&a;nbsp;share&a;nbsp;of&a;nbsp;the country&a;rsquo;s income rose from roughly 7% to 22%,&a;nbsp;as of 2014.&a;nbsp;&a;nbsp;Meanwhile, the income share of the bottom 50% earners declined from roughly 23% in the early 1980s to 15% in 2014.&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831MsoNormal&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831MsoNormal&q;&g;&l;span&g;That&a;rsquo;s according to 2018 World Inequality Report, which compiles data from the 1950s to 2014.&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831MsoNormal&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831MsoNormal&q;&g;&l;span&g;Meanwhile,&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g; India&a;rsquo;s income inequality is much higher than that of both Pakistan, and Bangladesh, as measured by the Gini coefficient of income inequality. &l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831MsoNormal&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831MsoNormal&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;That&a;rsquo;s according to Standardized World Income Inequality data.&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Meanwhile, poverty rates are higher in India than they are in Pakistan and Bangladesh, according to World Bank.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Then there&a;rsquo;s &a;ldquo;vulnerable employment&a;rdquo;&a;mdash; &l;a href=&q;https://www.livemint.com/&q; target=&q;_blank&q;&g;employment&l;/a&g; in unpaid family activities&a;mdash;which is much higher in India than in Pakistan and Bangladesh.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span&g;Wait, there&a;rsquo;s more. There&a;rsquo;s economic freedom.&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;a href=&q;http://www.heritage.org/index/&q; target=&q;_blank&q; rel=&q;noopener noreferrer&q; target=&q;_blank&q;&g;&l;span&g;Published&l;/span&g;&l;/a&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;by the&a;nbsp;&l;i&g;Heritage Foundation&l;/i&g;, the Economic Freedom report measures such things as trade freedom, business freedom, investment freedom, and the degree of property rights protection in 186 countries.&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Though the two countries &l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;have ranked&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g; closely in the last couple of years, Pakistan&a;rsquo;s ranking has&a;nbsp;&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s2&q;&g;&l;span&g;consistently&a;nbsp;beaten&l;/span&g;&l;/span&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;India&s;s over longer periods.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;In fact, a closer look at the ranking components of the two countries reveals that Pakistan has fared better than India in the area of government spending, which matter a great deal when it comes to providing on welfare programs.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;table-wrapper&q;&g;&l;table class=&q;yiv5304239831MsoNormalTable&q; border=&q;0&q; cellspacing=&q;0&q; cellpadding=&q;0&q;&g;&l;tbody&g;&l;tr&g;&l;td valign=&q;top&q;&g; &l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Country&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Overall Ranking&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Score&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Property Rights&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Business Freedom&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Labor Freedom&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Government Spending&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Pakistan&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;131&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;55.0&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;41.50&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;56.10&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;41.8&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;87.6&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;tr&g;&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;India&l;/span&g;&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;129&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;55.2&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;57.30&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;57.1&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;41.8&l;/span&g;&l;/div&g;&l;/td&g;

&l;td valign=&q;top&q;&g;

&l;div class=&q;yiv5304239831p2&q;&g;&l;span&g;77.3&l;/span&g;&l;/div&g;&l;/td&g;

&l;/tr&g;&l;/tbody&g;&l;/table&g;&l;/div&g;&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Source: The Heritage Foundation&a;nbsp;2018&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;Simply put, Pakistan has been getting ahead of India in spreading the wealth to the masses.&l;/span&g;&l;/span&g;&l;a rel=&q;nofollow&q; name=&q;_GoBack&q;&g;&l;/a&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;&a;nbsp;&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g;&l;span class=&q;yiv5304239831s1&q;&g;&l;span&g;And this strategy has begun to make a difference in the way Pakistanis create and spend wealth in the pursuit of happiness -- though they have long way to go before catching up with Indians on other economic metrics.&l;/span&g;&l;/span&g;&l;/div&g;

&l;div class=&q;yiv5304239831p1&q;&g; &l;/div&g;

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