No bro, economy is not overhyped. Look at usa, they are all part timers but have access to excellent cricket infra and facilities, i see them do very well in future if their domestic league mlc sustains.
I made this thread to highlight that the reason behind India's success was not just the talent of a few individuals but the creation of systems where up & coming talent in India is regularly playing the best in the world. This sustained strategy needs to be replicated by Pakistan if we wish to do well instead of hype - failure - depression - hype cycle that we seem to be perennially stuck in.
Just adding my extra 2 cents here to answer this particular question/idea that is being discussed.
There is clear correlation between
1. Rule of law
2. Good systems
3. Great economy
A good economy rarely develops in a vacuum. It is possible that a rare earth metal or oil is discovered and the country goes up financially but if the benefits are not spread around in the society, the wealth gets accumulated to a little parasitic elite and while macro numbers look decent or okay, the overall impact in the society is minimal. Venezuela and Nigeria are prime examples of mineral rich countries with terrible economy.
I feel that there's a bias in some of us Pakistanis where we find it hard to praise India. Because we share similar sort of occupation story, & then a long shared history after that as well, it's difficult for us to accept that India is doing better. For me the key development difference between the two countries is that the middle class has taken ownership of India & are now the driving engine of the country. In Pak (and it's just a feeling so please don't take it as absolute truth) the genuine middle class does not exist in a substantial volume.
The other problem is that the IT revolution has been very slow to take off. There are big cities like Lahore and Karachi where you see some IT companies but step aside from the few big main centers & IT revolution is non-existent. The money is there, real-estate has created a lot of success stories and wealth but it's not a wealth that creates jobs and opportunities. Young people are struggling to have their own fairytale stories. I am not talking about extremely talented or driven young people, the average person on the bell curve doesn't always have the intellect to create their own story from scratch, all some of us want is to have an okay education and then a clear and simple path in the job market where we can live our simple life normally without too many extra challenges. That is not happening at the moment in Pakistan. Even doctors who have one of the hardest careers to get in, are forced to leave Pak as we see 4K or so trained doctors leave the country every year.
Long story short, a good economy & great systems do not automatically mean success but they greatly help to achieve that goal. I am based in an EU country, they have the perfect sporting culture & system for football but the international team never wins anything & barely qualifies for global events. A good system just opens up opportunities for people & creates a society where fewer people are left behind & that's all that matters. For sustained success, countries must invest in infrastructure and system development and then work on continued improvement of the said systems. There's no end to this hustle, it just goes on and on. Kudos to India for doing that - I hope you know that while systems are there, there's a lot of room of improvement there as well.
There's no jealousy in this post, it would be foolish to say that I am not envious of Indian cricket team currently but despite the hatred between the two nations, I feel that it's good as eventually people in Pakistan will also come out of their delulu & look to learn from their next door neighbors. One can always hope!