Is Indian economy really better than Pakistan?

[ashok321]

To those Indians who are rejoicing on being one up on Pakistan, on India's per capita GDP edge:

Well, if India is ahead of Pakistan, which it is and it is admitted, what about India being lagging behind Congo, Nigeria and poor Nicaragua:

https://twitter.com/x/status/852974748967587840

Indian economy has huge trade deficit gap.
India is not a net creditor nation.
GOI pays 25% interest out of its budget revenue.
It owes nearly half a trillion USD to foreign banks, beside the national debt.
All 29 states of India are debt laden.
No wonder India has to borrow to stay afloat = Living beyond means.
Modi or no Modi.
And if there is a war, India will go one decade back.
Boasting is no good for Indians. Period.

 

[Safriz]

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

2.5 % Zakat can run a country only if state takes control of all the utilities and does not involve private enterprise and also no compound interest in government system. Thats teh whole concept of Zakat.

 

[t_for_talli]

If you look at pure economic indices then you see difference

India's per capita steel consumption is 3 times that of Pakistan
India's per capita electricity consumption is 1.5 times that of Pakistan
India's per capita cement consumption is 1.5 times that of Pakistan
Smart phone penetration is 22% in India compared to less than 10% in Pak
Internet penetration is also higher
Car ownership/ Bike ownership

These are the metrics to compare economic conditions of average citizen in a country

Roti, Kapda, Makaan ke baad internet, bijli, aur smart phone aate hain aaj ki duniya me

 

[ashok321]

Now on per capita debt:

Each Indian owes more than each Pakistani:

https://howmuch.net/articles/per-capita-debt

 

[t_for_talli]

To those Indians who are rejoicing on being one up on Pakistan, on India's per capita GDP edge:

Well, if India is ahead of Pakistan, which it is and it is admitted, what about India being lagging behind Congo, Nigeria and poor Nicaragua:

View attachment 400238

Thread is about India and Pak and not Congo

 

[tarrar]

In Gen. Musharraf time of rule, Pakistan's economy was doing really good but thanks to DEMOCRAZY & corruption led by ganja & gadari, Pakistan's economy is damaged & full of shackled loans.

 

[ashok321]

Indians here on PDF are boasting & bragging about India being the 4th largest economy in the world.
But what dollar amount pertains to each Indian as their part is the crux of the matter = 141 on list (shameful)
Each Nigerian & Congolese is more richer that way than India, because they have more GDP on their heads.

 

[Safriz]

It has always been an up and down graph with no clear winner. I am not sure about what Indians constantly brag about pretty much destroying our India obsessed youth's self esteem

 

[The Accountant]

Yes you have flummoxed me with your impeccable reasoning and insight. Now get back to the task of making simplistic claims, fudging figures and squinting really hard to make a pig look attractive.

You speak as if a rational argument about economics is even possible with you. Pakistan is in a circular debt trap wherein the best case scenario is that infrastructure funding on CPEC will help the economy limp along and eventually when it inevitably defaults on loan repayment commitments, China will take over whatever they are now building and make something productive of it.

With this background, to have a discussion as to how the gap between India and Pakistan is not so much is beyond ridiculous. Focus on saving your economy from the circular debt trap, if you are so interested in economics, instead of trying to score brownie points over those with whom you have nothing in common with.

Debt is one of the indicator ... do you knwo whats the debt to gdp ratio of pakistan and compare it with the countries like greece and italy which are in debt crisis ?

Do you know the credit rating of Pakistan ?

If you stop screaming like a kid then we can talk sense based on argument but it is useless to talk with you as you dont have knowledge and tempeament to behave like a mature person ... so just get lost and dont quote me ...

 

[MULUBJA]

GDP of countries 2017 projected.

http://statisticstimes.com/economy/countries-by-projected-gdp.php

India 2.45 TR USD

Pakistan 251.49

Indian GDP is 9.75 times greater than that of Pakistan.

Bd shall soon surpass or might already have surpassed pakistan.

 

[Safriz]

GDP of countries 2017 projected.

http://statisticstimes.com/economy/countries-by-projected-gdp.php

India 2.45 TR USD

Pakistan 251.49

Indian GDP is 9.75 times greater than that of Pakistan.

Bd shall soon surpass or might already have surpassed pakistan.

Pakistan's projected is 313 Billion not 251.
Also the comparison i made is based on GDP per capita and national Debt per capita, not absolute GDP which doesn't mean much TBH.

 

[Articulate]

No.
Its a zionist lie.

 

[Safriz]

No.
Its a zionist lie.

Hanoomaan lie you mean?

 

[MULUBJA]

Pakistan's projected is 313 Billion not 251.
Also the comparison i made is based on GDP per capita and national Debt per capita, not absolute GDP which doesn't mean much TBH.

Check world bank and IMF data and come back.

 

[Jacob Martin]

Debt is one of the indicator ... do you knwo whats the debt to gdp ratio of pakistan and compare it with the countries like greece and italy which are in debt crisis ?

Do you know the credit rating of Pakistan ?

If you stop screaming like a kid then we can talk sense based on argument but it is useless to talk with you as you dont have knowledge and tempeament to behave like a mature person ... so just get lost and dont quote me ...

No I will scream like a kid if I feel like it. I do not need a certificate of maturity or erudition from you. I have discussed this issue on several threads here and elsewhere. Instead of posting BS in real time you can read about what has been written on past threads if you really want to gain insight.

Whatever you are stating believing it to be the ultimate insight is the most fundamental aspects of economics. First educate yourself enough to have a decent conversation. The only reason as to why you are not being ridiculed sufficiently for your ignorance is because PDF is a den of ignorance where people talk over each other's head and credibility means nothing.

Even if I prove you wrong on each point you make, you will make the same point in another thread next week, expecting your bluff not to be called and then put the onus on me or someone else to talk in a "matured" manner and establish even elementary facts such as that Pakistan's economy is in the gutter.

So if you believe otherwise, feel free to do so and misinform whoever you are capable of deceiving. Best of luck.