Budget 2020-2021: Reality Check (Part Ii)
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Pakistan, June 26 -- Moreover, the manufacturing sector will grow by 0.7% whereas the service sector will grow by 2.6%. The service sector can only grow if there is more growth in the manufacturing sector otherwise it will experience a trickle-down effect. For instance, if farmers do not have a higher yield and farm productivity, he will never plan to spend on tourism or avail other services. If the farmer has an output equivalent to its given inputs or slightly higher he will primarily focus on the necessities to be fulfilled rather than sending his children to urban cities for higher education instead will ask his children to stay in the village and attain the education. In crux, if there is lower growth in the manufacturing sector then...
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