According to the Strategic Foresight Group of Mumbai, the tiny minority of extremists is doing big business in Pakistan. From the Times of India, with thanks to Jean-Luc:
Pakistan’s “terror-economy” accounts for Rs 264 billion, or 6.6 per cent, of the country’s gross domestic product (GDP), a Mumbai-based think tank said in a report Monday.
Pakistan’s “conflict economy” accounts for more than 10 per cent of its GDP, the report contended.
In what it described as a “comprehensive assessment of the cost of conflict between India and Pakistan”, the Strategic Foresight Group said it had not only taken into account military expenditure and loss of trade, but also factors like economic costs, socio-political damage, diplomatic costs, human costs and even the “implications of the nuking of Mumbai and Karachi”.
In the forward to the study, conducted by Ilmas Futehally and Semu Bhatt, former Pakistani foreign secretary Niaz Naik said: “It is the first time that we have such all encompassing information and analysis in one place on the implications of adversarial relations between India and Pakistan.”
Excerpts from the report, released here Monday did not refer to the basis on which it had predicated its conclusions.
Some of the main observations of the report:
[. . .]
* Pakistan’s GTP (gross terror-economy product) is Rs 264 billion or 6.6 percent of its GDP.
* Pakistan’s Conflict Economy is more than 10 percent of GDP. The Conflict Economy includes GTP and military expenditure.
* Kashmir’s GTP is estimated to be Rs 3.5 billion.
* Pakistan’s jehadi forces are expected to increase from 200,000 at present to 300,000 at the end of the decade and the army from 620,000 at present to 646,000 at the end of the decade.