Comparing India and Pakistan by Economy (2024)

FAQs

Which economy is better India or Pakistan? ›

Yes, the GDP of India is higher than that of Pakistan. According to the World Bank, India's GDP for the fiscal year 2023 was estimated to be around $3.01 trillion, while Pakistan's GDP for the same period was estimated to be around $314 billion.

China has the second largest GDP (PPP) of $22.5 trillion in the world, whereas, India's GDP (PPP) is $9.03 trillion and Pakistan's GDP is $ 0.94 trillion, roughly about 11 per cent of India's GDP. India's GDP is about 41 per cent of China's GDP. details and discuss in the classroom.

India has a much stronger and larger Navy than Pakistan with a fleet strength of 294 compared to its arch-rival's 114.

Pakistan has made recent progress towards macroeconomic stabilization, but risks remain extremely high and faster growth will require substantial reform. Real GDP growth contracted by 0.2 percent y-o-y in fiscal year FY23, after growing by 6.2 percent in FY22 and 5.8 percent in FY21.

According to the World Bank, India's GDP stood at $3.39 trillion as of 2022, more than 800 percent greater than the $376.53 billion GDP of Pakistan.

The latest World Happiness Report data shows that Pakistan ranks better than India and Bangladesh. As the nation aims to improve, these reports serve as crucial guides for shaping a brighter future for all and provide positivity for performing well.

While India's GDP is 11 times bigger than that of Pakistan's economy, Tata Group's market value has outmuscled Pakistan's GDP. The market capitsalition of all listed Tata companies is now at $365 billion, beating Pakistan's GDP which has shrunk to $341 billion.

One decade ago, India ranked as the ninth-largest economy globally, but recent data indicates it has climbed to the fifth position, with a nominal GDP of $3.4 trillion.

Answer: China has surpassed both India and Pakistan in secondary sector.

In survey of world's most secure countries, Pakistan features ahead of India. Here's the list | World News - The Indian Express.

Which food is better Pakistan or India? ›

Both cuisines make use of spices and herbs to create flavorful dishes, but Indian food tends to be spicier. In addition, Pakistani food often includes meat, while vegetarianism is more common in India. Ultimately, both cuisines offer a variety of delicious options for those looking to explore new flavors.

India's closest ally has traditionally been the United States. With each passing year, the bond between India and the USA has grown stronger. They both supported the principles of respecting human rights, treating all citizens equally, and applying the law fairly.

Political instability and poor governance have been significant factors that undermine the country's fiscal position. Pakistan is also highly import-dependent, particularly with regard to energy, which renders it acutely vulnerable to hikes in global oil and gas prices. Dr.

Economic growth:

The economy recorded average annual growth of 4.0% in the decade to 2023. To read more about GDP growth in Pakistan, go to our dedicated page.

The economic growth is projected to stagnate at a paltry 1.8 per cent while maintaining the poverty rate at around 40 per cent, with approximately 98 million Pakistanis already grappling with poverty, the World Bank report said.

Education System of India:

The literacy rate in India is 81% which is far more than Pakistan. Their education system ranks 33 in the world whereas Pakistan is at 50. This system has four levels which are: Lower Primary (5 years)

With a GDP of about $3.7 trillion, India is 11 times bigger in size than Pakistan and predicted to become the third-largest economy by FY28 by overtaking both Japan and Germany. At present, India is the 5th largest economy.

The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP.

According to the World GDP Ranking 2024 list, India is the fifth largest economy in the world. Other prominent countries like the United States of America, China, Japan, Germany, etc., have a significant presence in this GDP Ranking list.