Source | World Bank : Nominal, PPP, Nominal per capita, PPP per capita |
International Monetary Fund | |
Date | 08 Dec 2023 |
As of 2023, With $3,732 bn, India's GDP is around eleven times higher than Pakistan's gdp of $341 bn. In nominal terms, the gap is wider (eleven times) than ppp terms (8.36 times). India is the 5th largest economy in the world in nominal method and 3rd largest economy in ppp method. The nominal ranking of Pakistan is 46, and the PPP ranking is 24. India's economically largest state, Maharashtra, has GDP ($398 billion) much greater than Pakistan. Even the second largest economy Tamil Nadu ($247 bn), is very close. The margin between these two countries was lowest in 1993 when the Nominal GDP of India was 5.39x of Pakistan, and the highest was in 1973 (13.4x).
Both countries together share 10% and 18.5% of total Asia's GDP.
Both countries have been neck-to-neck in gdp per capita terms. From 1960 to 2004, India was richer than Pakistan for only ten years, while pakistan was richer for 35 years. GDP per capita of Pakistan was 1.51x of India in 1970. Margin is being wider in favor of India since 2007. In 2023, India's per capita income was 1.78 times higher than Pakistan's on an exchange rate basis, that is an all-time high. 2004 is the previous year when Pakistan was richer than India. Both nations are at a very lower position in World GDP per capita ranking. The rank of India is 143 (nominal) and 131 (PPP). The world rank of Pakistan is 164 (nominal) and 142 (PPP). Out of 33 Indian states/UTs, 28 states/UTs are richer than Pakistan.
India's gdp growth rate was higher than Pakistan's in period 2001-2019 before Pakistan grew in 2020. India attains a maximum gdp growth rate of 9.63% in 1988 and a minimum of -5.83% in 2020. Pakistan reached an all-time high of 11.35% in 1970 and a record low of 1.27% in 2020. From 1961 to 2022, Pakistan grew by more than 10% in 3 years while India never. The GDP growth rate was negative in five years for India and Pakistan has expreinced a negative growth rate once.
According to CIA Fackbook, the sector-wise GDP composition of India in 2017 are as follows: Agriculture (15.4%), Industry (23%), and Services (61.5%). The sector-wise GDP composition of Pakistan in 2017 is Agriculture (24.7%), Industry (19.1%), and Services (56.3%).
Year | Nominal GDP (billions $) | PPP GDP (billions Int. $) | Nominal GDP capita ($) | PPP GDP capita (Int. $) | Growth (%) | |||||
---|---|---|---|---|---|---|---|---|---|---|
India | Pak | India | Pak | India | Pak | India | Pak | India | Pak | |
2023 | 3,732.22 | 340.64 | 13,119.62 | 1,568.43 | 2,612 | 1,471 | 9,183 | 6,774 | 6.332 | -0.475 |
2024 | 4,105.38 | - | 14,261.18 | 1,644.06 | 2,848 | - | 9,892 | 6,961 | 6.293 | 2.500 |
2025 | 4,511.85 | - | 15,469.08 | 1,737.58 | 3,102 | - | 10,635 | 7,214 | 6.327 | 3.600 |
2026 | 4,951.62 | - | 16,765.19 | 1,851.00 | 3,375 | - | 11,426 | 7,534 | 6.316 | 4.500 |
2027 | 5,427.39 | - | 18,155.68 | 1,979.09 | 3,668 | - | 12,271 | 7,898 | 6.349 | 5.000 |
2028 | 5,944.38 | - | 19,650.22 | 2,116.55 | 3,985 | - | 13,173 | 8,282 | 6.263 | 5.000 |
Year | Nominal GDP (billions $) | PPP GDP (billions Int. $) | Nominal GDP capita ($) | PPP GDP capita (Int. $) | Growth (%) | |||||
---|---|---|---|---|---|---|---|---|---|---|
India | Pak | India | Pak | India | Pak | India | Pak | India | Pak | |
1960 | 37.03 | 3.75 | - | - | 83 | 82 | - | - | - | - |
1961 | 39.23 | 4.12 | - | - | 86 | 88 | - | - | 3.723 | 5.987 |
1962 | 42.16 | 4.31 | - | - | 90 | 89 | - | - | 2.931 | 4.483 |
1963 | 48.42 | 4.63 | - | - | 101 | 94 | - | - | 5.994 | 8.689 |
1964 | 56.48 | 5.20 | - | - | 115 | 103 | - | - | 7.453 | 7.570 |
1965 | 59.55 | 5.93 | - | - | 119 | 114 | - | - | -2.636 | 10.419 |
1966 | 45.87 | 6.56 | - | - | 90 | 123 | - | - | -0.055 | 5.790 |
1967 | 50.13 | 7.46 | - | - | 96 | 137 | - | - | 7.826 | 5.401 |
1968 | 53.09 | 8.04 | - | - | 100 | 143 | - | - | 3.388 | 7.233 |
1969 | 58.45 | 8.68 | - | - | 107 | 151 | - | - | 6.540 | 5.508 |
1970 | 62.42 | 10.03 | - | - | 112 | 169 | - | - | 5.157 | 11.353 |
1971 | 67.35 | 10.67 | - | - | 118 | 175 | - | - | 1.643 | 0.468 |
1972 | 71.46 | 9.42 | - | - | 123 | 151 | - | - | -0.553 | 0.813 |
1973 | 85.52 | 6.38 | - | - | 143 | 99 | - | - | 3.296 | 7.064 |
1974 | 99.53 | 8.90 | - | - | 163 | 135 | - | - | 1.185 | 3.540 |
1975 | 98.47 | 11.23 | - | - | 158 | 165 | - | - | 9.150 | 4.211 |
1976 | 102.72 | 13.17 | - | - | 161 | 187 | - | - | 1.663 | 5.156 |
1977 | 121.49 | 15.13 | - | - | 186 | 209 | - | - | 7.255 | 3.948 |
1978 | 137.30 | 17.81 | - | - | 206 | 238 | - | - | 5.713 | 8.049 |
1979 | 152.99 | 19.69 | - | - | 225 | 254 | - | - | -5.238 | 3.758 |
1980 | 186.33 | 23.65 | - | - | 267 | 293 | - | - | 6.736 | 10.216 |
1981 | 193.49 | 28.10 | - | - | 271 | 333 | - | - | 6.006 | 7.921 |
1982 | 200.72 | 30.73 | - | - | 275 | 350 | - | - | 3.476 | 6.537 |
1983 | 218.26 | 28.69 | - | - | 293 | 315 | - | - | 7.289 | 6.778 |
1984 | 212.16 | 31.15 | - | - | 278 | 331 | - | - | 3.821 | 5.065 |
1985 | 232.51 | 31.14 | - | - | 298 | 321 | - | - | 5.254 | 7.592 |
1986 | 248.99 | 31.90 | - | - | 312 | 317 | - | - | 4.777 | 5.502 |
1987 | 279.03 | 33.35 | - | - | 342 | 320 | - | - | 3.965 | 6.452 |
1988 | 296.59 | 38.47 | - | - | 356 | 356 | - | - | 9.628 | 7.625 |
1989 | 296.04 | 40.17 | - | - | 347 | 360 | - | - | 5.947 | 4.960 |
1990 | 320.98 | 40.01 | 1,048.24 | 232.80 | 369 | 347 | 1,204 | 2,017 | 5.533 | 4.459 |
1991 | 270.11 | 45.63 | 1,095.14 | 252.85 | 304 | 383 | 1,232 | 2,121 | 1.057 | 5.062 |
1992 | 288.21 | 48.88 | 1,181.50 | 278.54 | 318 | 399 | 1,302 | 2,276 | 5.482 | 7.706 |
1993 | 279.30 | 51.81 | 1,266.97 | 290.16 | 302 | 413 | 1,368 | 2,311 | 4.751 | 1.758 |
1994 | 327.28 | 52.29 | 1,380.19 | 307.43 | 346 | 405 | 1,460 | 2,379 | 6.659 | 3.737 |
1995 | 360.28 | 60.64 | 1,515.87 | 329.45 | 374 | 456 | 1,572 | 2,475 | 7.574 | 4.963 |
1996 | 392.90 | 63.32 | 1,660.16 | 351.74 | 400 | 461 | 1,688 | 2,563 | 7.550 | 4.847 |
1997 | 415.87 | 62.43 | 1,757.18 | 361.44 | 415 | 442 | 1,753 | 2,557 | 4.050 | 1.014 |
1998 | 421.35 | 62.19 | 1,886.85 | 374.83 | 413 | 428 | 1,847 | 2,577 | 6.184 | 2.550 |
1999 | 458.82 | 62.97 | 2,082.70 | 394.02 | 441 | 421 | 2,002 | 2,632 | 8.846 | 3.660 |
2000 | 468.40 | 82.02 | 2,211.69 | 420.12 | 442 | 531 | 2,087 | 2,721 | 3.841 | 4.260 |
2001 | 485.44 | 79.48 | 2,370.62 | 444.85 | 450 | 499 | 2,197 | 2,794 | 4.824 | 3.554 |
2002 | 514.94 | 79.90 | 2,499.15 | 463.11 | 469 | 489 | 2,275 | 2,837 | 3.804 | 2.508 |
2003 | 607.70 | 91.76 | 2,748.79 | 499.54 | 544 | 550 | 2,460 | 2,993 | 7.860 | 5.777 |
2004 | 709.15 | 107.76 | 3,046.21 | 551.66 | 624 | 631 | 2,681 | 3,233 | 7.923 | 7.547 |
2005 | 820.38 | 120.06 | 3,390.67 | 606.05 | 711 | 689 | 2,937 | 3,476 | 7.923 | 6.519 |
2006 | 940.26 | 137.26 | 3,777.03 | 661.60 | 802 | 771 | 3,222 | 3,715 | 8.061 | 5.899 |
2007 | 1,216.74 | 152.39 | 4,176.28 | 712.32 | 1,023 | 838 | 3,510 | 3,915 | 7.661 | 4.833 |
2008 | 1,198.90 | 170.08 | 4,387.76 | 738.33 | 994 | 915 | 3,636 | 3,971 | 3.087 | 1.701 |
2009 | 1,341.89 | 168.15 | 4,763.06 | 764.10 | 1,097 | 884 | 3,893 | 4,019 | 7.862 | 2.832 |
2010 | 1,675.62 | 177.17 | 5,229.91 | 785.71 | 1,351 | 911 | 4,216 | 4,041 | 8.498 | 1.607 |
2011 | 1,823.05 | 213.59 | 5,618.38 | 824.08 | 1,450 | 1,075 | 4,467 | 4,149 | 5.241 | 2.748 |
2012 | 1,827.64 | 224.38 | 6,153.16 | 847.10 | 1,434 | 1,110 | 4,828 | 4,189 | 5.456 | 3.507 |
2013 | 1,856.72 | 231.22 | 6,477.52 | 883.38 | 1,438 | 1,126 | 5,017 | 4,302 | 6.386 | 4.396 |
2014 | 2,039.13 | 244.36 | 6,781.02 | 931.73 | 1,560 | 1,173 | 5,187 | 4,474 | 7.410 | 4.675 |
2015 | 2,103.59 | 270.56 | 7,159.80 | 981.56 | 1,590 | 1,282 | 5,412 | 4,653 | 7.996 | 4.731 |
2016 | 2,294.80 | 313.63 | 7,735.00 | 1,010.73 | 1,714 | 1,469 | 5,778 | 4,734 | 8.256 | 5.527 |
2017 | 2,651.47 | 339.21 | 8,276.93 | 1,058.47 | 1,958 | 1,568 | 6,112 | 4,892 | 6.795 | 4.433 |
2018 | 2,702.93 | 356.13 | 9,022.94 | 1,150.59 | 1,974 | 1,621 | 6,591 | 5,236 | 6.454 | 6.152 |
2019 | 2,835.61 | 320.91 | 9,540.39 | 1,200.49 | 2,050 | 1,437 | 6,898 | 5,376 | 3.871 | 2.498 |
2020 | 2,671.60 | 300.43 | 9,101.32 | 1,200.66 | 1,913 | 1,322 | 6,518 | 5,285 | -5.831 | -1.274 |
2021 | 3,150.31 | 348.26 | 10,370.90 | 1,335.99 | 2,238 | 1,505 | 7,368 | 5,773 | 9.050 | 6.487 |
2022 | 3,385.09 | 376.53 | 11,874.60 | 1,518.04 | 2,389 | 1,597 | 8,379 | 6,437 | 7.003 | 6.188 |