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>RESTRICTED RESTRICTED 48. The Arms race and instability in the region has stymied the economy and led to abject poverty in the region. The economic performance4 of both India and Pakistan are as displayed: INDIA PAKISTAN Rate of GD (P) Growth 4.3% 4.5% Defence Spending as % of GDP 3 % 4.6 % Illiterate Population 503 Million 82.8 Million Population Living Below Poverty 25% (262 Million) 36% (52.7 Million) 9. As is amply evident from this table, high militaryexpenditure has resulted in low rates of GDP growth and literacy, which has led to a high percentage of population living below the poverty line. This has imposed severe restrictions on human development and resulted in limited social and economic opportunities and much human suffering in South Asia. According to the latest ILO Report5, unemployment rate in South Asia is around 17 million, which is more than 13% of the total population of the region while another 30% population lives below the poverty line. The conflict between India and he region
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