Is Indian economy really better than Pakistan?

[jetray]

Is Indian Economy is Really better than Pakistan's?

Indian economy is worth 2100 Billion USD

Pakistani economy is worth 300 Billion USD.

Indian Population in 13000 Million.
Pakistani population is 200 Million.

So Pakistani economy is 7 times smaller than India's.
But for a 6.8 times smaller population.

If we divide Indian GDP of 2100 Billion on population of 1300 million. It's 1615 dollars per capita.

If we divide Pakistani GDP of 300 Billion on population of 200 million. It's 1500 Dollars per person.

Per capita , Indian economy is only 1.076 times bigger than Pakistan.

Same is the situation of external debts. Until just two Yeats ago we owed far less money to freeing lenders per capita than India. But thanks to astronomical borrowing by current government our external debt stand at 75 billion USD.
India's external debt stands at 485 billion USD.
That's 375 USD Per Pakistani and 373 USD per Indian. Or every Pakistani owes 2 Dollars more to foreign lenders than every Indian.

Do you know how economy of scale works?
We get to play around with more money. Just think of going to a restaurant with 2ppl vs 10ppl , see how things work out.
Again wrt to per capita, if there is some one paying more tax that will compensate for others who pay none. Of course not every thing will scale up accordingly but there indeed benefits of having more money.

A very good example will be hospitals with advanced medicare. There may be less in pakistan but more in India. Not bcos more ppl can afford it. bcos even if few ppl afford it , it will still be economically make sense to invest in one.

 

[SarthakGanguly]

Indian Population in 13000 Million.
Pakistani population is 200 Million.

Stopped reading there.

 

[Safriz]

Stopped reading there.

Yeah, one extra Zero but calculation was done with correct figure of 1300. Will correct now.

 

[hydrabadi_arab]

First, it was for another member, one who came with misguided numbers.

Now let me respond to you, You need GDP numbers first to be divided by the country's inhabitants.
Otherwise how is it possible to get the end results:

On per capita Pakistan is losing the battle:

https://www.wikiwand.com/en/List_of_countries_by_GDP_(nominal)_per_capita

Pakistan population growth rate is higher and GDP lower, in coming years if something isn't done then gap will continue to widen.

 

[ashok321]

I highlighted the reason for this before, more overseas Pakistanis on average 9m vs 30m. Government it self doesn't have anything to do with less inequality in Pakistan then India.

Pakistan state have failed it's people compared to India's.

India GDP to tax ratio is 17% vs 12, they collect more taxes from rich. Which mean more development budget for poor.

 

[hydrabadi_arab]

View attachment 400236

Just looked up latest Pakistan tax to GDP and it's 13.7% including provinces. But even 2% is huge difference when we talk about GDP.

 

[ashok321]

Just looked up latest Pakistan tax to GDP and it's 13.7% including provinces. But even 2% is huge difference when we talk about GDP.

This 2% difference is (that of) the amount of taxes collected.
Divided by millions citizens, the numbers come up to what?
Inconsequential.

Overall.
India has more per capita GDP than Pakistan. Period.

 

[The Accountant]

No I understand nothing. You have opened my eyes to my own ignorance and I am in eternal debt of gratitude to you as a result. If you look at my posts in the relevant threads about economics you will understand that I spend time and effort to rid this forum of the sheer ignorance about economics that is all-pervasive here. However, you can simply come along and give your two bits that can be written on the back of an envelope and trump all of that. Another gem of Pakistani logic.

Have a good day.



As I said. All the time and effort I have spent in life in understanding and explaining economics means nothing. Because you can simply come along and claim I don't know anything, and then expect to engage me in a discussion. Another gem of Pakistani logic.

Have a good day.

Why are you behaving like a retard ... just relax ... OP just asked a question based on a valid fact and you started screaming like a 10 year old kid ... you are doing the same again ... just relax and if you have knowledge then give a fact based answere not like the one you are doing now otherwise no one is going to take you seriously ...

No I understand nothing. You have opened my eyes to my own ignorance and I am in eternal debt of gratitude to you as a result. If you look at my posts in the relevant threads about economics you will understand that I spend time and effort to rid this forum of the sheer ignorance about economics that is all-pervasive here. However, you can simply come along and give your two bits that can be written on the back of an envelope and trump all of that. Another gem of Pakistani logic.

Have a good day.



As I said. All the time and effort I have spent in life in understanding and explaining economics means nothing. Because you can simply come along and claim I don't know anything, and then expect to engage me in a discussion. Another gem of Pakistani logic.

Have a good day.

Furthermore by your standards kuwaiti should be worried about as despite of having one of the world strongest per capita gdp they are of size of pakistan's economy ... so by your standard economy of kuwait is bad in conparison to india ... tell this to those who are dying to get trade license in kuwait ...

 

[SarthakGanguly]

Check this out -

GDP per capita
https://www.google.co.in/publicdata..._gdp_pcap_cd&idim=country:IND:PAK&hl=en&dl=en

GNI Per capita
https://www.google.co.in/publicdata...ry:IND:PAK&ifdim=region&hl=en&dl=en&ind=false

Also advantage for India are the following -
GDP Growth rate IND > Pak
Population Growth rate IND < Pak

 

[N.Siddiqui]

Different parameters for measuring the health of the economy...bad debts is in India.
India is borrowing more and more to pay its existing loans, and that could wreck development dreams

If debt is bad, taking new loans to pay back old ones has all the makings of a debt trap and the Indian government seems to be doing just that. India owed Rs 57,75,685 crores to internal and external lenders in the financial year 2014-2015 – a whopping 46% of the country’s gross domestic product. And it turns out that 77% of all long-term borrowings made by the government were actually used to pay back interest and principal on earlier borrowings rather than being spent on development expenditure.

https://scroll.in/article/818686/in...loans-and-that-could-wreck-development-dreams

 

[Safriz]

Check this out -

GDP per capita
https://www.google.co.in/publicdata..._gdp_pcap_cd&idim=country:IND:PAK&hl=en&dl=en

GNI Per capita
https://www.google.co.in/publicdata...ry:IND:PAK&ifdim=region&hl=en&dl=en&ind=false

Also advantage for India are the following -
GDP Growth rate IND > Pak
Population Growth rate IND < Pak

Yes, the Indian Curve is flattening out , Pakistani curve is pointing upwards. The point being your economy isn't as astronomically better than Pakistan as you harp about. It is better but just a bit.
Also it isn't a totally self made economy as that of Taiwan or Japan. Indian economy has lots of foreign help in the form of foreign investment. Pakistan is still not too far behind despite next to none foreign investment and that in itself is a feat.

 

[Skies]

what is the impact of Zakat........when you certainly have low tax collection

 

[Safriz]

what is the impact of Zakat........when you certainly have low tax collection

Is that a question?

 

[Skies]

Is that a question?

yes...but may be you do not know I think....is Zakat collection tracked as like as Tax collection?

 

[SarthakGanguly]

Yes, the Indian Curve is flattening out , Pakistani curve is pointing upwards. The point being your economy isn't as astronomically better than Pakistan as you harp about. It is better but just a bit.

ROFL at your observation and statistical skills. Quote me 2 years later.