Is Indian economy really better than Pakistan?

[Sliver]

let me put it this way -

Pakistan is waiting for CPEC to "explode" in its economic progress
India is able to do that on its own.

this is not to say about the potential of the two countries. It is just to show how each one is using the potential.

being rich or poor is more about how you use your resources and improve - not where you are right now. A billionaire spending lavishly is only rich for sometime.. a hard worker saving away and living within his means is already rich.

 

[Great Sachin]

Now we're talking about Land area?

India GDP - 2.4 trillion
Canada GDP - 1.6 trillion

Indian economy is about 50% bigger than Canada. Since Canada land area is about 3 times that of India, that makes Indian economy about 4-5 times of Canadian economy.

Do you really wanna compare?

ok.....population wise 6 time bigger
That makes 1.35 times bigger than Pakistan

But India is adding 180 billion last year and growing at 7.5%
Pakistan is adding 13 billion last year and growing at 4%

 

[SMC]

ok.....population wise 6 time bigger
That makes 1.35 times bigger than Pakistan

But India is adding 180 billion last year and growing at 7.5%
Pakistan is adding 13 billion last year and growing at 4%

What is your math for the 1.35 times bigger ? Let's see that.
Where are you getting this 13 billion and 180 billion figure from? Pakistan growth rate is now 5.3 and going up very fast.

 

[Great Sachin]

What is your math for the 1.35 times bigger ? Let's see that.
Where are you getting this 13 billion and 180 billion figure from? Pakistan growth rate is now 5.3 and going up very fast.

As per IMF 2016 GDP
India - 2,256,397 million
Pakistan - 284,185 million
India is 8 times bigger economy

Since population wise India is 6 time bigger

That makes 1.35 times bigger than Pakistan (=8/6)

 

[SMC]

As per IMF 2016 GDP
India - 2,256,397 million
Pakistan - 284,185 million
India is 8 times bigger economy

Since population wise India is 6 time bigger

That makes 1.35 times bigger than Pakistan (=8/6)

Can you use 2017 data? Bharat is 2.4 trillion, Pakistan is 313 billion. Population difference is about 6.7 times, not just 6x.

More importantly, what did IMF say the GDP per capita is?

 

[scorpionx]

Why can't we agree that we both suck (look at all indicators and our respective positions in the world) and give this discussion a rest?

 

[lightoftruth]

This year with GST implementation ,no surprises like demonitization n normal monsoon one is looking at atleast a 1% increase in GDP growth rate to 8%,We are the world's fastest growing major economy only on PDF one can compare it with pakistan.

 

[Loft38]

Seriously? Indian Economy is being compared with Pakistani economy?

 

[CaptainJackSparrow]

Why can't we agree that we both suck (look at all indicators and our respective positions in the world) and give this discussion a rest?

Depends on which indicators you're talking about and how you interpret them. As far as the general view in the world in concerned, there's simply no comparison.

Folks here on PDF can make themselves happy all they want.

 

[John Reese]

Was talking about Musharraf era, 5.1 billion USD in 2005, 5.4 billion USD in 2006...

Pakistan positioned itself as one of the four fastest growing economies in the Asian region during 2000-07 with its growth averaging 7.0 per cent per year for most of this period. As a result of strong economic growth, Pakistan succeeded in reducing poverty by one-half, creating almost 13 million jobs, halving the country's debt burden, raising foreign exchange reserves to a comfortable position and propping the country's exchange rate, restoring investors' confidence and most importantly, taking Pakistan out of the IMF Program.




About 80% of the $55 billion of the Chinese money for CPEC is private investment while the rest is composed of soft loans to the government, according to Shanghai Business Review.

The Chinese soft loans for CPEC infrastructure projects carry an interest rate of just 1.6%, far lower than similar loans offered by the World Bank at rates of 3.8% or higher.

Pakistani economy is already beginning to reap the benefits of the current and expected investments as seen in the 5.2% GDP growth in the current fiscal year, the highest in 9 years.

The World Bank's Pakistan Development Update of May 2017 says that "Pakistan’s economy continues to grow strongly, emerging as one of the top performers in South Asia".

Rapidly expanding middle class and rising demand for consumer durables like vehicles and home appliances attest to the positive impact of CPEC. Consumer confidence in Pakistan has reached its highest level since 2008, according to Nielsen.

US-based consulting firm Deloitte and Touche estimates that China-Pakistan Economic Corridor (CPEC) projects will create some 700,000 direct jobs during the period 2015–2030 and raise its GDP growth rate to 7.5%, adding 2.5 percentage points to the country's current GDP growth rate of 5%.

2006 ??? Will,Have ,Would Future tense Post me current situation not Far fetch dreams of CPEC

By that Logic India Has Absorbed over hundreds of billion $ worth FDI each year

Last year itself
FDI inflows into India jump 18% to a record $46.4 bn in 2016 despite global fall

http://www.livemint.com/Politics/JV...India-jumps-18-to-a-record-464-bn-in-201.html

And Pakistan 3 billion $ FDI

Subtract the Gap
46-3 =43 billion $ more FDI Each year and the Gap will increase Each coming years

By 2025 We Will expected To reach 5-6 trillion $ GDP figure While your economy Still Struggling to make to trillion $ economy same time

China Growth rate is falling each year So will be there FDI remittance to there countries

54 billion $ Figure of CPEC investment will complete by 2040 Still far way

 

[punit]

CPEC aa gaya to Dollar Naliyon me bahenge.

 

[CaptainJackSparrow]

If Modi stays with majority govt., by 2025, India would be in a whole another league.

And at that time my friends, you won't need to go to UN/NSG etc. They will come to you.

Just keep doing what you're doing.

 

[Great Sachin]

Can you use 2017 data? Bharat is 2.4 trillion, Pakistan is 313 billion. Population difference is about 6.7 times, not just 6x.

More importantly, what did IMF say the GDP per capita is?

You should use 2016 data...2017 data is projected data
Please share link for 313 figure

 

[scorpionx]

Depends on which indicators you're talking about and how you interpret them. As far as the general view in the world in concerned, there's simply no comparison.

Folks here on PDF can make themselves happy all they want.

I am talking about both economic and social indicators. Post liberalization period no doubt has seen unprecedented growth in Indian economy, but as long as this development does not reflect in our social indexes (I am not comparing with West, just look at the Far East Asian country's figures who almost started at the same starting point like India at a more or less same time), just boasting about being 4th largest economy or 3rd largest armed forces hold little value to an ordinary citizen.

 

[CaptainJackSparrow]

I am talking about both economic and social indicators.

..and I'm talking about leading indicators that would show you where we were vs where we are vs where we are going to be if we continued on the same path.

Post liberalization period no doubt has seen unprecedented growth in Indian economy, but as long as this development does not reflect in our social indexes

What makes you think it doesn't? Do me a favor, read some data from authentic sources comparing the position 50, 25, 10, and today.

just boasting about being 4th largest economy or 3rd largest armed forces hold little value to an ordinary citizen.

You more likely have a beef with the OP than anyone else here. Take it up with him/her.

If you compare chalk and cheese, your comparison will result in chalk and cheese.