Comparing India and Pakistan by Economy

Source World Bank : Nominal, PPP, Nominal per capita, PPP per capita
International Monetary Fund World Economic Outlook (October - 2025)
Date05 Mar 2026

As of 2025, with $4,125 billion, India's GDP is around 10.05 times higher than Pakistan's GDP of $410 billion. In PPP terms, the gap is 10.6 times. India is the fifth-largest economy in the world in the nominal method and the third-largest economy in the PPP method. The nominal ranking of Pakistan is 42, and the PPP ranking is 27. India's economically largest state, Maharashtra, has a GDP ($536 billion) much greater than Pakistan's. Even the second largest economy, Tamil Nadu ($369 billion), is very close. The margin between these two countries was lowest in 2000, when the nominal GDP of India was 4.71x that of Pakistan, and the highest was in 1973 (13.4x).

Both countries together share 10.73% and 18.85% of Asia's total GDP.

Both countries have been neck-and-neck in GDP per capita terms. From 1960 to 2008, India was richer than Pakistan for only 14 years, while Pakistan was richer for 35 years. GDP per capita of Pakistan was 1.46x that of India in 1970. The margin has been wider in favor of India since 2009. In 2023, India's per capita income was 1.86 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 low position in the world GDP per capita ranking. The rank of India is 146 (nominal) and 127 (PPP). The world rank of Pakistan is 162 (nominal) and 150 (PPP). Out of 33 Indian states/UTs, 31 states/UTs are richer than Pakistan.

With GDP growth of 6.65%, India is economically growing much faster than Pakistan's 2.68%. India's GDP growth rate was higher than Pakistan's in the 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 2024, Pakistan grew by more than 10% in 3 years, while India never did. The GDP growth rate was negative in five years for India, and Pakistan has experienced 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
20243,909.892371.40816,215.9251,589.1772,6951,57411,1766,7356.4952.510
20254,125.213410.49517,714.1861,671.3812,8181,70712,1016,9506.6462.676
20264,505.629-19,143.3711,762.3053,051-12,9647,1906.1593.578
20274,958.953-20,711.9971,865.3213,330-13,9087,4666.4094.099
20285,461.673-22,412.5541,980.9173,638-14,9277,7796.4814.500
20296,015.999-24,286.1922,106.3073,975-16,0478,1166.4954.500
20306,627.982-26,350.9762,242.3784,346-17,2788,4776.5044.500

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--8582----
196139.234.12--8888--3.725.99
196242.164.31--9290--2.934.48
196348.424.63--10394--5.998.69
196456.485.20--118102--7.457.57
196559.565.93--122114---2.6410.42
196645.586.56--91122---0.065.79
196750.137.46--98135--7.835.40
196853.098.04--102142--3.397.23
196958.458.68--109149--6.545.51
197062.4210.03--114167--5.1611.35
197167.3510.67--121172--1.640.47
197271.469.42--125148---0.550.81
197385.526.38--14798--3.307.06
197499.538.90--167132--1.193.54
197598.4711.23--161162--9.154.21
1976102.7213.17--164184--1.665.16
1977121.4915.13--190205--7.253.95
1978137.3017.81--209233--5.718.05
1979153.0019.69--228249---5.243.76
1980186.3323.65366.4674.902712875339296.7410.22
1981193.4928.10425.2287.082753286041,0496.017.92
1982200.7230.73467.1999.452793456491,1643.486.54
1983218.2628.69520.88110.362963117061,2567.296.78
1984212.1631.15560.29118.892813277421,3163.825.07
1985232.5131.14608.38133.333013177871,4365.257.59
1986248.9931.90650.27144.673153148221,5174.785.50
1987279.0333.35692.81156.873453178561,6033.976.45
1988296.5938.47786.30172.853583549501,7219.637.63
1989296.0440.17865.73188.263503581,0231,8285.954.96
1990320.9840.011,048.33220.153713441,2121,8955.534.46
1991270.1145.631,095.24239.113063801,2391,9921.065.06
1992288.2148.881,181.61263.403193961,3092,1325.487.71
1993279.3051.811,267.08274.393034081,3742,1604.751.76
1994327.2752.291,380.31290.723484001,4672,2246.663.74
1995360.2860.641,516.00311.553754511,5792,3157.574.96
1996392.9063.321,660.30332.624014571,6952,4017.554.85
1997415.8762.431,757.33341.794164381,7592,3984.051.01
1998421.3562.191,886.98354.454144241,8522,4196.182.55
1999458.8262.972,082.96372.624424182,0062,4758.853.66
2000468.4099.482,211.97397.304436422,0912,5653.844.26
2001485.4497.152,370.88421.084506102,2002,6444.823.65
2002514.9497.922,499.31438.714696002,2772,6883.802.59
2003607.70112.372,748.99471.545446722,4612,8227.865.40
2004709.15132.223,046.57522.146247722,6823,0487.927.83
2005820.38145.213,391.06577.707108282,9373,2937.927.28
2006940.26161.873,777.41631.558029013,2213,5158.066.05
20071,216.74184.144,176.97677.491,0229983,5083,6727.664.44
20081,198.90202.204,388.86705.199931,0673,6333,7213.092.12
20091,341.89187.344,763.10734.181,0959643,8873,7777.863.47
20101,675.62196.715,230.66754.261,3489874,2063,7868.501.50
20111,823.05230.595,618.38790.451,4451,1324,4553,8805.242.68
20121,827.64250.116,162.75840.351,4291,2044,8204,0475.463.03
20131,856.72258.666,497.74881.011,4331,2255,0144,1746.394.37
20142,039.13271.396,812.81924.121,5541,2675,1924,3137.414.12
20152,103.59299.967,204.58973.521,5841,3805,4254,4808.004.22
20162,294.80313.637,795.521,019.401,7081,4255,8004,6318.266.57
20172,651.47339.218,354.711,069.381,9501,5196,1454,7906.804.43
20182,702.93356.139,230.791,129.961,9661,5696,7154,9796.456.15
20192,835.61320.919,932.851,162.672,0411,3907,1515,0383.872.50
20202,674.85300.439,771.021,186.291,9071,2786,9665,048-5.78-1.27
20213,167.27348.5211,384.371,285.342,2401,4558,0505,3679.696.51
20223,346.11374.8913,124.051,442.772,3471,5389,2075,9207.614.78
20233,638.49336.6914,845.911,488.492,5301,36010,3236,0149.19-0.41
20243,909.89371.5716,192.421,570.962,6951,47911,1606,2526.493.05