Comparing India and Pakistan by Economy

Source World Bank : Nominal, PPP, Nominal per capita, PPP per capita
International Monetary Fund
Date29 Aug 2024

As of 2024, With $3,937 bn, India's GDP is around 10.55 times higher than Pakistan's gdp of $373 bn. In nominal terms, the gap is wider (10.55 times) than ppp terms (8.89 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 42, and the PPP ranking is 24. India's economically largest state, Maharashtra, has GDP ($415 billion) much greater than Pakistan. Even the second largest economy Tamil Nadu ($276 bn), is very close. The margin between these two countries was lowest in 2000 when the Nominal GDP of India was 4.71x of Pakistan, and the highest was in 1973 (13.4x).

Both countries together share 10.77% and 17.8% of total Asia's GDP.

Both countries have been neck-to-neck in gdp per capita terms. From 1960 to 2008, India was richer than Pakistan for only eleven years, while pakistan was richer for 37 years. GDP per capita of Pakistan was 1.51x of India in 1970. Margin is being wider in favor of India since 2009. In 2023, India's per capita income was 1.77 times higher than Pakistan's on an exchange rate basis, that is an all-time high. 2008 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 141 (nominal) and 131 (PPP). The world rank of Pakistan is 162 (nominal) and 142 (PPP). Out of 33 Indian states/UTs, 29 states/UTs are richer than Pakistan.

With GDP growth of 6.808%, India is economically growing much higher than 2.0% of Pakistan. India's gdp growth rate was higher than Pakistan's in period 2001-2019. India attains a maximum gdp growth rate of 9.69% in 2021 and a minimum of -5.78% 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 twice.

  • GDP
  • GDP per capita
  • GDP growth

Projections by IMF

Year Nominal GDP (billions $) PPP GDP (billions Int. $) Nominal GDP capita ($) PPP GDP capita (Int. $) Growth (%)
IndiaPakIndiaPak IndiaPakIndiaPakIndiaPak
20233,572.08338.2413,342.451,572.442,5001,4619,3396,7917.827-0.166
20243,937.01373.0014,594.461,642.572,7311,57910,1236,9556.8082.000
20254,339.83-15,811.021,730.052,984-10,8707,1826.4583.500
20264,789.83-17,150.841,841.983,265-11,6897,4986.4674.500
20275,287.04-18,606.541,970.603,573-12,5767,8646.4775.000
20285,833.42-20,187.962,108.253,911-13,5348,2496.4865.000
20296,436.65-21,910.062,255.964,281-14,5738,6556.4955.000

Estimates by World Bank

Year Nominal GDP (billions $) PPP GDP (billions Int. $) Nominal GDP capita ($) PPP GDP capita (Int. $) Growth (%)
IndiaPakIndiaPak IndiaPakIndiaPakIndiaPak
196037.033.75--8382----
196139.234.12--8688--3.7235.987
196242.164.31--9089--2.9314.483
196348.424.63--10194--5.9948.689
196456.485.20--115103--7.4537.570
196559.565.93--119114---2.63610.419
196645.586.56--89123---0.0555.790
196750.137.46--96137--7.8265.401
196853.098.04--100143--3.3887.233
196958.458.68--107151--6.5405.508
197062.4210.03--112169--5.15711.353
197167.3510.67--118175--1.6430.468
197271.469.42--123151---0.5530.813
197385.526.38--14399--3.2967.064
197499.538.90--163135--1.1853.540
197598.4711.23--158165--9.1504.211
1976102.7213.17--161187--1.6635.156
1977121.4915.13--186209--7.2553.948
1978137.3017.81--206238--5.7138.049
1979153.0019.69--225254---5.2383.758
1980186.3323.65--267293--6.73610.216
1981193.4928.10--271333--6.0067.921
1982200.7230.73--275350--3.4766.537
1983218.2628.69--293315--7.2896.778
1984212.1631.15--278331--3.8215.065
1985232.5131.14--298321--5.2547.592
1986248.9931.90--312317--4.7775.502
1987279.0333.35--342320--3.9656.452
1988296.5938.47--356356--9.6287.625
1989296.0440.17--347360--5.9474.960
1990320.9840.011,048.33220.153693471,2041,9075.5334.459
1991270.1145.631,095.24239.113043831,2322,0061.0575.062
1992288.2148.881,181.61263.403183991,3022,1525.4827.706
1993279.3051.811,267.08274.393024131,3682,1864.7511.758
1994327.2852.291,380.31290.723464051,4602,2496.6593.737
1995360.2860.641,516.00311.553744561,5722,3407.5744.963
1996392.9063.321,660.30332.634004611,6892,4247.5504.847
1997415.8762.431,757.33341.794154421,7532,4184.0501.014
1998421.3562.191,886.98354.454134281,8472,4366.1842.550
1999458.8262.972,082.96372.624414212,0022,4898.8463.660
2000468.4099.482,211.97397.304426442,0872,5743.8414.260
2001485.4497.152,370.88421.084506102,1972,6454.8243.651
2002514.9497.922,499.31438.714696002,2762,6873.8042.595
2003607.70112.372,748.99471.545446732,4602,8267.8605.401
2004709.15132.223,046.57522.146247752,6813,0607.9237.831
2005820.38145.213,391.06577.707118332,9373,3137.9237.277
2006940.26161.873,777.41631.558029093,2223,5478.0616.052
20071,216.74184.144,176.97677.491,0231,0123,5113,7247.6614.445
20081,198.90202.204,388.86705.199941,0883,6373,7933.0872.120
20091,341.89187.344,763.10734.181,0979853,8933,8627.8623.473
20101,675.62196.715,230.66754.261,3511,0124,2163,8798.4981.502
20111,823.05230.595,618.38790.451,4501,1614,4673,9805.2412.680
20121,827.64250.116,162.75840.351,4341,2374,8354,1565.4563.028
20131,856.72258.666,497.74881.011,4381,2605,0334,2916.3864.367
20142,039.13271.396,812.81924.121,5601,3035,2124,4387.4104.116
20152,103.59299.967,204.58973.521,5901,4225,4464,6157.9964.218
20162,294.80313.637,795.521,019.401,7141,4695,8234,7748.2566.574
20172,651.47339.218,354.711,069.381,9581,5686,1694,9426.7954.433
20182,702.93356.139,230.791,129.961,9741,6216,7435,1426.4546.152
20192,835.61320.919,932.851,162.672,0501,4377,1825,2073.8712.498
20202,674.85300.439,771.021,186.291,9161,3226,9975,221-5.778-1.274
20213,167.27348.5211,384.401,285.342,2501,5068,0885,5559.6906.514
20223,353.47374.7913,037.401,441.442,3661,5899,2006,1126.9874.768
20233,549.92338.3714,537.401,493.912,4851,40710,1766,2127.584-0.005