Interesting economic comparison of India & Pakistan

[Patrician]

Current account balance 2011:

Rank Country Value Date of Info
1 China $272,500,000,000 2010 est.
2 Japan $182,300,000,000 2010 est.
3 Germany $162,300,000,000 2010 est.
4 Russia $68,850,000,000 2010 est.
5 Norway $60,230,000,000 2010 est.
6 Saudi Arabia $52,030,000,000 2010 est.
7 Switzerland $49,350,000,000 2010 est.
8 Netherlands $46,690,000,000 2010 est.
9 Singapore $40,440,000,000 2010 est.
10 Taiwan $39,000,000,000 2010 est.
11 Kuwait $38,200,000,000 2010 est.
12 Korea, South $36,350,000,000 2010 est.
13 Malaysia $34,830,000,000 2010 est.
14 Nigeria $27,770,000,000 2010 est.
15 Venezuela $22,070,000,000 2010 est.
16 Sweden $21,680,000,000 2010 est.
17 Qatar $20,110,000,000 2010 est.
18 Hong Kong $18,070,000,000 2010 est.
19 Azerbaijan $15,960,000,000 2010 est.
20 Libya $15,530,000,000 2010 est.
21 Denmark $14,350,000,000 2010 est.
22 Thailand $12,290,000,000 2010 est.
23 Iran $9,760,000,000 2010 est.
24 Philippines $8,575,000,000 2010 est.
25 Indonesia $8,532,000,000 2010 est.
26 Austria $8,012,000,000 2010 est.
27 Brunei $7,024,000,000 2008 est.
28 Kazakhstan $6,993,000,000 2010 est.
29 Argentina $6,976,000,000 2010 est.
30 Israel $6,269,000,000 2010 est.
31 Uzbekistan $5,588,000,000 2010 est.
32 Finland $4,696,000,000 2010 est.
33 Algeria $3,959,000,000 2010 est.
34 Bangladesh $3,734,000,000 2010
35 United Arab Emirates $3,409,000,000 2010 est.
36 Luxembourg $3,396,000,000 2010 est.
37 Trinidad and Tobago $3,363,000,000 2010 est.
38 Turkmenistan $3,081,000,000 2010 est.
39 Oman $2,724,000,000 2010 est.
40 Iraq $2,715,000,000 2010 est.
41 Angola $2,089,000,000 2010 est.
42 Latvia $1,620,000,000 2010 est.
43 Lithuania $1,231,000,000 2010 est.
44 Timor-Leste $1,161,000,000 2007 est.
45 Chile $1,033,000,000 2010 est.
46 Bolivia $878,000,000 2010 est.
47 Burma $652,000,000 2010 est.
48 Syria $649,000,000 2010 est.
49 Ukraine $603,000,000 2010 est.
50 Gabon $591,000,000 2010 est.
51 Bahrain $589,000,000 2010 est.
52 Cote d'Ivoire $534,000,000 2010 est.
53 Egypt $270,000,000 2010 est.
54 Estonia $265,000,000 2010 est.
55 Bhutan $164,000,000 2008 est.
56 British Virgin Islands $134,300,000 1999
57 Cook Islands $26,670,000 2005
58 Suriname $24,000,000 2007 est.
59 Palau $15,090,000 FY03/04
60 Comoros $8,000,000 2007 est.
61 Guinea-Bissau -$6,000,000 2007 est.
62 Tuvalu -$11,680,000 2003
63 Kiribati -$21,000,000 2007 est.
64 Tonga -$23,000,000 2007 est.
64 Laos -$23,000,000 2010 est.
65 Samoa -$24,000,000 2007 est.
66 Micronesia, Federated States of -$34,300,000 FY05 est.
67 Iceland -$42,000,000 2010 est.
68 Anguilla -$42,870,000 2003 est.
69 Vanuatu -$60,000,000 2007 est.
70 Sierra Leone -$63,000,000 2007 est.
71 Dominica -$72,000,000 2007 est.
72 Sao Tome and Principe -$73,000,000 2010 est.
73 Central African Republic -$77,000,000 2007 est.
74 Cuba -$87,000,000 2010 est.
75 Gambia, The -$90,000,000 2010 est.
76 Zambia -$99,000,000 2010 est.
76 Papua New Guinea -$99,000,000 2010 est.
77 Lesotho -$125,000,000 2010 est.
78 Burundi -$136,000,000 2010 est.
79 Grenada -$138,000,000 2007 est.
80 Solomon Islands -$143,000,000 2007 est.
81 Saint Vincent and the Grenadines -$149,000,000 2007 est.
82 Belize -$151,000,000 2010 est.
83 Saint Kitts and Nevis -$163,000,000 2007 est.
84 Mauritania -$184,000,000 2007 est.
85 Namibia -$187,000,000 2010 est.
86 Saint Lucia -$199,000,000 2007 est.
87 Kyrgyzstan -$210,000,000 2010 est.
88 Antigua and Barbuda -$211,000,000 2007 est.
89 Eritrea -$212,000,000 2010 est.
90 Liberia -$224,000,000 2007
91 Mongolia -$228,700,000 2009 est.
92 Barbados -$254,000,000 2007 est.
93 Bahamas, The -$283,200,000 2009 est.
94 Cape Verde -$286,000,000 2010 est.
95 Guyana -$311,000,000 2010 est.
96 Malawi -$315,000,000 2010 est.
97 Niger -$321,000,000 2007 est.
98 Macedonia -$328,000,000 2010 est.
99 Tajikistan -$330,000,000 2010 est.
100 Peru -$333,000,000 2010 est.
101 Togo -$339,000,000 2010 est.
102 Seychelles -$351,000,000 2010 est.
103 Djibouti -$352,000,000 2009 est.
104 Maldives -$370,000,000 2009 est.
105 Swaziland -$374,000,000 2010 est.
106 Uruguay -$377,000,000 2010 est.
107 Paraguay -$391,000,000 2010 est.
108 Malta -$403,000,000 2010 est.
109 Zimbabwe -$414,200,000 2010 est.
110 Guinea -$434,000,000 2010 est.
111 Mali -$446,000,000 2007 est.
112 Nepal -$449,000,000 2010
113 Burkina Faso -$486,000,000 2010 est.
114 Rwanda -$489,000,000 2010 est.
115 Fiji -$507,000,000 2007 est.
116 Botswana -$552,000,000 2010 est.
117 Moldova -$565,000,000 2010 est.
118 Congo, Republic of the -$569,000,000 2010 est.
119 Benin -$582,000,000 2010 est.
120 Slovenia -$598,000,000 2010 est.
121 Madagascar -$600,000,000 2010 est.
122 Hungary -$631,000,000 2010 est.
123 Ecuador -$692,000,000 2010 est.
124 Haiti -$781,000,000 2010 est.
125 Uganda -$784,000,000 2010 est.
126 Panama -$813,000,000 2010 est.
127 Nicaragua -$819,000,000 2010 est.
128 Cameroon -$826,000,000 2010 est.
129 Bosnia and Herzegovina -$887,000,000 2010 est.
130 El Salvador -$907,000,000 2010 est.
131 Cambodia -$918,000,000 2010 est.
132 Mauritius -$949,000,000 2010 est.
133 Jordan -$975,000,000 2010 est.
134 Mozambique -$1,028,000,000 2010 est.
135 Senegal -$1,046,000,000 2010 est.
135 Serbia -$1,046,000,000 2010 est.
136 Honduras -$1,048,000,000 2010 est.
137 Montenegro -$1,102,000,000 2007 est.
138 Belgium -$1,129,000,000 2010 est.
139 Armenia -$1,138,000,000 2010 est.
140 Albania -$1,245,000,000 2010 est.
141 Guatemala -$1,345,000,000 2010 est.
142 Jamaica -$1,382,000,000 2010 est.
143 Tunisia -$1,389,000,000 2010 est.
144 Georgia -$1,404,000,000 2010 est.
145 Kenya -$1,414,000,000 2010 est.
146 Costa Rica -$1,469,000,000 2010 est.
147 Congo, Democratic Republic of the -$1,470,000,000 2007 est.
148 Equatorial Guinea -$1,477,000,000 2010 est.
149 Tanzania -$1,523,000,000 2010 est.
150 Bulgaria -$1,528,000,000 2010 est.
151 Sri Lanka -$1,784,000,000 2010 est.
152 Ghana -$1,871,000,000 2010 est.
153 Slovakia -$1,930,000,000 2010 est.
154 Yemen -$2,181,000,000 2010 est.
155 Ethiopia -$2,232,000,000 2010 est.
156 Croatia -$2,312,000,000 2010 est.
157 Afghanistan -$2,475,000,000 2009 est..
158 Cyprus -$2,500,000,000 2010 est.
159 Sudan -$2,595,000,000 2010 est.
160 Chad -$2,600,000,000 2010 est.
161 Pakistan -$2,641,000,000 2010 est.
162 Kosovo -$2,716,000,000 2010 est.
163 Ireland -$3,191,000,000 2010 est.
164 Dominican Republic -$3,862,000,000 2010 est.
165 New Zealand -$4,504,000,000 2010 est.
166 Belarus -$5,062,000,000 2010 est.
167 Colombia -$5,946,000,000 2010 est.
168 Czech Republic -$5,956,000,000 2010 est.
169 Lebanon -$6,972,000,000 2010 est.
170 Mexico -$7,000,000,000 2010 est.
171 Morocco -$7,922,000,000 2010 est.
172 Romania -$7,934,000,000 2010 est.
173 Vietnam -$9,622,000,000 2010 est.
174 Poland -$12,330,000,000 2010 est.
175 South Africa -$16,510,000,000 2010 est.
176 Greece -$17,100,000,000 2010 est.
177 Portugal -$19,030,000,000 2010 est.
178 India -$26,910,000,000 2010 est.
179 Australia -$35,230,000,000 2010 est.
180 Turkey -$38,820,000,000 2010 est.
181 Canada -$40,210,000,000 2010 est.
182 United Kingdom -$40,340,000,000 2010 est.
183 Brazil -$52,730,000,000 2010 est.
184 France -$53,290,000,000 2010 est.
185 Italy -$61,980,000,000 2010 est.
186 Spain -$66,740,000,000 2010 est.
187 United States -$561,000,000,000 2010 est.


http://www.photius.com/rankings/economy/current_account_balance_2011_0.html

Moral of the story???

Afghanistan is doing better than India and Pakistan?

 

[TOPGUN]

If it makes posters here any happier..

Pak is doing MUCH better than India.

Mara bahi it takes two hands to clap you seem to keep quiet about your indian friends posting against Pakistan but you were quick to respond against us comon yaar read karo all the post lets be fair. Again i never like these types of threads they are a full blast attraction for trolls and haters on both sides but again since you guys like tha topic lets be fair thx.

 

[Nitin Goyal]

what a joke of a thread ?

Pakistan is in a state of Stagflation 2% growth rate and 17 % inflation, worst case of a economic situation. IMF recently snubbed you because of poor economic indicators. 3-4 % increase in poverty per year (as per dawn news). Economic capital is burning like hell. Look at the sovergein rating of pakistan ? Pakistan is in all the mess you can find yourself. NO leadership and no planning.

On the other hand India is the second fastest economy in the world, 14th biggest destination of FDI which shows the perception about India credibility. Export is growing at a rate of 50% +. We are giving loans to another nations nows.

Don't take it on heart I am speaking the facts only. Bilal please stop writing things in isolation.

 

[kawaraj]

what a joke of a thread ?

Pakistan is in a state of Stagflation 2% growth rate and 17 % inflation, worst case of a economic situation. IMF recently snubbed you because of poor economic indicators. 3-4 % increase in poverty per year (as per dawn news). Economic capital is burning like hell. Look at the sovergein rating of pakistan ? Pakistan is in all the mess you can find yourself. NO leadership and no planning.

On the other hand India is the second fastest economy in the world, 14th biggest destination of FDI which shows the perception about India credibility. Export is growing at a rate of 50% +. We are giving loans to another nations nows.

Don't take it on heart I am speaking the facts only. Bilal please stop writing things in isolation.

Admittedly this country is in bad shape in economic sense, but it's not as bad as what you said. Some resilience still exist in many sectors of the economy. Once WOT is over, the economic indicator will jump instantly.

On the other hand, India is not that good shaped either. Close to Double digital inflation is eroding your strength in the growth momentum. it has long lasting effect such as dampening the capital investment and would result in slow growth in the coming years. India is neither the second fast growing economy. just in the region, Sri Lanka and Singapore is faster than India.

India's export growth is accompanied by import growth. you can not contributed all of them to the growth, less to the free trade movement today.

 

[DelhiDareDevil]

Please dont compare India with Pakistan.

Compare Pakistan with Iran or someone.

 

[ice_man]

besides a few trolls real good facts & figures! india is way ahead however given per capita situation the difference is smaller! but inflation is being discarded from all arguments hence things can't be taken at face value!

 

[MrProudIndian]

At the individual level/per capita terms India and Pakistan are similar but India leads easily in majority of other aspects.

 

[Faiez]

here's things that matter and show economic strength:

aluminium production (2010): (anual)

-pakistan = 0 tons
-india = 1.4M

steel production(2010):

-pakistan = 1.1M local ( pakistan steel mills ), rest of the 4-5M from imported scrap steel
-india = 66.8M total

copper production (2006):

-pakistan = 28700 tons
-india = 31000

cement production (2010):

-pakistan = 30M
-india = 290M

wheat production:

-pakistan = 24M
-india = 80M

(paksitan is producing good amount of wheat)

sugar production :

-pakistan = 4M
-india = 28M

rice production:

-pakistan = 10M
-india = 133M

(india is good at rice. And thats where the water goes as well probably...lol)

 

[Kaniska]

@Indian friends...Dude dont you think India should stop being compared itself with Pakistan? I would prefer to compare India as behind China/Japan/SK/SE nations rather than arguing and showcasing in front of small neighours...

 

[j20blackdragon]

India is a world leader in poverty.

 

[blood]

here's things that matter and show economic strength:

aluminium production (2010): (anual)

-pakistan = 0 tons
-india = 1.4M

steel production(2010):

-pakistan = 1.1M local ( pakistan steel mills ), rest of the 4-5M from imported scrap steel
-india = 66.8M total

copper production (2006):

-pakistan = 28700 tons
-india = 31000

cement production (2010):

-pakistan = 30M
-india = 290M

wheat production:

-pakistan = 24M
-india = 80M

(paksitan is producing good amount of wheat)

sugar production :

-pakistan = 4M
-india = 28M

rice production:

-pakistan = 10M
-india = 133M

(india is good at rice. And thats where the water goes as well probably...lol)

very informative......

 

[blood]

UOTE]


what next we comparing ourselfs with nepal and srilanka , and feeling proud on our achievement's , we need to compare ourselfs with china to progress from here

 

[metro]

UOTE]


what next we comparing ourselfs with nepal and srilanka , and feeling proud on our achievement's , we need to compare ourselfs with china to progress from here

Take it easy. I think thread was going fine, few Indians are unnecessarily getting furious at the comparison.

 

[RiazHaq]

Pakistan has created more jobs, graduated more people from schools and colleges, built a larger middle class and lifted more people out of poverty as percentage of its population than India in the last decade. And Pakistan has done so in spite of the huge challenges posed by the war in Afghanistan and a very violent insurgency at home.

The above summary is based on volumes of recently released reports and data on job creation, education, middle class size, public hygiene, poverty and hunger over the last decade that offer new surprising insights into the lives of ordinary people in two South Asian countries. It adds to my previous post on this blog titled "India and Pakistan Contrasted in 2010".

Pakistan Created More Jobs:

Pakistan's employment growth has been the highest in South Asia region since 2000, followed by Nepal, Bangladesh, India, and Sri Lanka in that order, according to a recent World Bank report titled "More and Better Jobs in South Asia".



Total employment in South Asia (excluding Afghanistan and Bhutan) rose from 473 million in 2000 to 568 million in 2010, creating an average of just under 800,000 new jobs a month. In all countries except Maldives and Sri Lanka, the largest share of the employed are the low‐end self-employed.

Pakistan Graduated More People:

Although India has higher rates of literacy and enrollment than Pakistan, Pakistanis spend more time in schools and colleges and graduate at a higher rate than their Indian counterparts in 15+ age group, according to a report on educational achievement by Harvard University researchers Robert Barro and Jong-Wha Lee.

In a recent Op Ed titled "Preparing the Population for a Modern Economy" published by Pakistan's Express Tribune, Pakistani economist Shahid Burki wrote as follows:

"Pakistan does well in one critical area — the drop-out rate in tertiary education. Those who complete tertiary education in Pakistan account for a larger proportion of persons who enter school at this level. The proportion is much higher for girls, another surprising finding for Pakistan."

Upon closer examination of Barro-Lee data on "Educational Attainment for Total Population, 1950-2010", it is clear that Pakistani students stay in schools and colleges longer to graduate at higher rates than Indian students at all levels--primary, secondary and tertiary. While India's completion rate at all levels is a dismal 22.9%, the comparable completion rate in Pakistan is 45.7%.



Here is a summary of Barro-Lee's 2010 data in percentage of 15+ age group students who have enrolled in and-or completed primary, secondary and tertiary education:

Education Level.......India........Pakistan

Primary (Total)........20.9..........21.8

Primary (Completed)....18.9..........19.3

Secondary(Total).......40.7..........34.6

Secondary(Completed)...0.9...........22.5

College(Total).........5.8...........5.5

College(Completed).....3.1...........3.9

Pakistan Has Larger Middle Class:

Over the last two decades, Pakistan has continued to offer much greater upward economic and social mobility to its citizens than neighboring India. Since 1990, Pakistan's middle class had expanded by 36.5% and India's by only 12.8%, according to an ADB report on Asia's rising middle class released recently.

An ADB report on Asia's rising middle class released this month confirms that Pakistan's middle class has grown to 40% of the population, significantly larger than the Indian middle class of about 25% of its population, and it has been growing faster than India's middle class. The other significant news reported by Wall Street Journal says the vast majority of what is defined as India's middle class is perched just above $2 a day, making it vulnerable to various shocks. This is also true of Pakistan.

Pakistan Has Less Hunger and Poverty:

In spite of recent poverty declines with its rapid economic expansion, India still has higher poverty rates than Pakistan, according to a 2011 World Bank report titled "Perspectives on poverty in India : stylized facts from survey data" released in 2011.

Overall, the latest World Bank data shows that India's poverty rate of 27.5%, based on India's current poverty line of $1.03 per person per day, is more than 10 percentage points higher than Pakistan's 17.2%. Assam (urban), Punjab and Himachal Pradesh are the only three Indian states with lower poverty rates than Pakistan's.



Based on hunger data collected from 2003 to 2008, IFPRI reported that Pakistan's hunger index score improved over the last three consecutive years reported since 2008 from 21.7 (2008) to 21.0 (2009) to 19.1 (2010) and its ranking rose from 61 to 58 to 52. During the same period, India's index score worsened from 23.7 to 23.9 to 24.1 and its ranking moved from 66 to 65 to 67 on a list of 84 nations.

India's Economic Growth Outpaces Pakistan's

Indian economy has been growing faster than Pakistan for several years. The nominal per capita incomes in the two nation are still about the same at just over $1200, according to 2011 data released by Economic Survey of India and Economic Survey of Pakistan.

Nominal per capita incomes in both India and Pakistan stand at just over $1200 a year, according to figures released in May and June of 2011 by the two governments. This translates to about $3100 per capita in terms of PPP (purchasing power parity). Using a more generous PPP correction factor of 2.9 for India as claimed by Economic Survey of India 2011 rather than the 2.5 estimated by IMF for both neighbors, the PPP GDP per capita for Indian and Pakistan work out to $3532 and $3135 respectively.

Nominal per capita income of Indians grew by 17.9 per cent to Rs 54,835, or $1218, in 2010-11 from Rs 46,492 in the year-ago period, according to the revised data released by the government in May, 2011 as reported by Indian media.



Pakistan Has Better Public Hygiene:

India has the worst public sanitation situation in the world today, according to a recent UNICEF survey. In terms of open defecation, India(638m) is followed by Indonesia (58m), China (50m), Ethiopia (49m), Pakistan (48m), Nigeria (33m) and Sudan (17m). In terms of percentage of each country's population resorting to the unhygienic practice, Ethiopia tops the list with 60%, followed by India 54%, Nepal 50%, Pakistan 28%, Indonesia 26%, and China 4%.

18 percent of urban India still defecates in open while the percentage of rural India is as high as 69 percent of the population. It is the key reason why India carries among the highest infectious disease burdens in the world.

To conclude, let me share with you an except from a piece written by Mudassar Mazhar Malik, an MIT (Sloan) and LSE (London) educated Pakistani economist and investment banker,on his assessment of Pakistan today:

"First, despite seven changes in government in the past twenty years, Pakistan has maintained an average growth rate of 5 percent per annum. Until recently, Pakistan was being touted as one of the most dramatic turn-around stories of the last decade. Driven by domestic demand and population growth, GDP growth averaged over 6% a year from 2003-2008. This translated into an investment and infrastructure led growth cycle cycle fueling expansion in the housing, health care, education, food, infrastructure, energy, telecommunications, IT and financial services sector. This has meant that Pakistan's economy has moved progressively from its traditional agricultural base to manufacturing and increasingly to services. In that sense, Pakistan's economic structure is closer to that of India and China, and is unlike many smaller Asian countries, which are more dependent on export growth."

While it still has a very long way to go to improve its ordinary citizens' lives, resilient Pakistan has done reasonably well in terms of economic and social indicators over the last decade in spite of huge challenges. Just imagine how much better Pakistan could have done if it had any semblance of political stability and security.

Haq's Musings: India and Pakistan Comparison Update 2011

 

[Shadow_Hunter]

many of the things in article may be correct, but i believe india has been more successful in attracting investments, and thus, the future is brighter for india.....as the corporate footprint in india increases, it will increase the demand for skilled labour, and the education figures will improve automatically.....