Agriculture or Industry? The best for Pakistan.

Pakistan is bestowed with rich natural resources that are Minerals, Oil and Gas, Aquatic animals, Forest and Human resource of course. With growth rate of 2.2%(2011) and per capita income $2400(2010).

 Unfortunately we could not manage all the aforesaid resources and as a result we are now one of the Under Developed Country (UDC) of the globe.

Here we should not concentrate on the reasons behind for our backwardness deeply. But we can predict our destination by a simple analyses that is, “Whether Agriculture is best or Industry, for our country prosperity?”. This question may help us in deciding what path should be selected to make Pakistan a developing country.

It is said that Agriculture is the back-bone of our country but to an extent it may be true but in long run it is false. About 70% of our country population is based on Agriculture. But on the other hand   it makes 19% contribution is Gross Domestic Product (GDP).On the other side Industry contribution in GDP is about 27%. Labor contribution in Agriculture is 43% and in Industry is 20%.In 2011 we export goods of $25billion that are major of agriculture nature and Our import have crossed limits of $41billion that are just Raw materials of industries.

If we accept all above facts then we must accept that agriculture is not the back-bone of our country economy.

Let’s suppose that the aforesaid facts are not satisfactory then I present you global analysis and ask you a question “Which are the most developed countries of the world?” the answer will be obviously “U.S.A, Japan, England, France, and Germany (or more)”. If we study the economy of all these countries we shall be able to conclude that all these countries having strong Industries. For instance Toyota is the No.1 option in Asian Market and in the world too, is Japanese manufacturing company and other need no explanation.

For Example, England is one of the most sophisticated countries in the world having no Agriculture back and contribution of Agriculture to GDP is only 0.9%. Japan is known in the world to be industrial country having never ever agriculture base that is 1.2% only.

All the information is provided not to discourage agriculture sector but to improve industry. It is a fact that food is the basic need of human but if we see in broader, for a economy that what is it need? I dare to say that Industrial development is the need of Economy.

We should invest our money in industries like, Chemical, Cement sector, Paper industry, Electronics and in Heavy Mechanical Industries. If the investment in all such sector give us positive reward, means we achieve our target then it will also improve our agriculture sector like farmers would get new technologies, they will find High quality seed and the production level will also increase and as a result prosperity shall come and we shall become one of the fastest growing country in the world.

Any comment on article will be welcomed.