Is Indian economy really better than Pakistan?

[Zaahir]

So the point of this rant being?
Also you may be aware that forex reserves of any country fluctuate daily. So that may not be a good yardstick for economy.

Hehe. I told you to think hard before replying. Maybe your accountant friend can help. So forex reserves fluctuate and not a good yardstick. Exchange rates fluctuates so gdp in USD must also not be a good yardstick and by that argument gdp per Capita in nominal teams also not a good yardstick. Heck even the literacy rates fluctuate - last I heard they slipped by 2% in Pakistan.they ain't a good yardstick either .. Think again.

 

[Giant XI]

Stopped reading there.

If that is the criteria than Iceland is better than us too.It does not make sense at all.

 

[Śakra]

Same is the situation of external debts. Until just two Yeats ago we owed far less money to freeing lenders per capita than India.

National debt of pakistan: 65,000,000,000 USD
National debt of USA:19,800,000,000,000 USD

I guess pakistan's economy is better than America's too.

 

[El Sidd]

Nope.

It is highly illogical to compare the two economies to even draw a conclusion here.

 

[Stephen Cohen]

What matters is the Composition of the Economy

Especially the Manufacturing Sector


India ranked 6th in top 10 largest manufacturers list: UN report

A UNIDO report ranked India sixth among the world’s 10 largest
manufacturing Countries, up by three positions.

http://www.hindustantimes.com/busin...t-un-report/story-l15SiTiube3iosINvAKueK.html

 

[Lotus_stalk]

Hanoomaan lie you mean?

religious bigotry, last refuge of the scoundrel...

 

[ShoutB]

yes, it is way better than Pakistan. No doubt. And fellow Indian members, let's keep Pakistan aside, they are not even a match. India has to catch up with China in coming years

 

[CaptainJackSparrow]

They say when in doubt, follow the money.

The money from all over the world is going to India and China, not Pakistan or even any other major economy. This money belongs to smart people around the world. They're all investing in China and India.

It's what they call 'smart money'. Don't believe anyone, just follow the money.

If I had like ten million dollars in hand today, I would definitely invest in China/India. Probably a small JV/VC. Wouldn't you?

Edit:

Also lemme take this opportunity to rephrase what my prof taught me.

It's not the debt that's the problem. There's a HUUUUGE misconception that large Debt/GDP is bad. Wrong!

Why?

Well, it's not the debt, it's what a country is doing with that debt, that should be your indicator.

Is the country building roads, highways, power plants, dams, education, health with that debt? (Like India and China)

Is the country building ghost infrastructure just to fuel higher GDP? (like China, which is why you see all the troubles Chinese economy is facing today)

or Is the country using debt to repay interest and principle on old debt? (like Pakistan)

Debt can always be repaid if invested properly and if the rate of return on that investment > rate of borrowing. It's not even economics. It's just logic.

 

[John Reese]

So population is the problem The Gross State Domestic Product of Maharashtra for 2017-18 at current prices is estimated to be Rs 25,35,213 crore($380 billion) . This is 11.8% higher than the revised estimate for 2016-17.

https://en.wikipedia.org/wiki/Maharashtra

http://www.prsindia.org/uploads/media/State Budget 2017-18/Maharashtra Budget Analysis 2017-18.pdf

Pakistan With more population and Resources and land Mass Has GDP of 284 billion $

 

[CaptainJackSparrow]

India retains world’s highest FDI recipient crown, says report

http://www.livemint.com/Money/odjTv...ds-highest-FDI-recipient-crown-says-repo.html

 

[N.Siddiqui]

So population is problem is the problem The Gross State Domestic Product of Maharashtra for 2017-18 at current prices is estimated to be Rs 25,35,213 crore($380 billion) . This is 11.8% higher than the revised estimate for 2016-17.

https://en.wikipedia.org/wiki/Maharashtra

http://www.prsindia.org/uploads/media/State Budget 2017-18/Maharashtra Budget Analysis 2017-18.pdf

Pakistan With more population and Resources and land Mass Has GDP of 284 billion $

This is a useless comparison as the large tax payer units, the import duties and export surcharges are collected in Mumbai for whole of India. Check Tokyo city GDP nominal, it is equal to India...The whole India with 1.3 billion people contributes to Mumbai higher GDP, as the financial, commercial, industrial nerve center of India lies here in Mumbai... and adds to Maharashtra GDP..

Also UP India with a population of 220 million has a lower GDP than Pakistan and many other states of India has lower per capita GDP. Check per capita income of India and Pakistan...a very minor difference of 12%-15% more for India.

 

[John Reese]

Check per capita income of India and Pakistan...a very minor difference of 12%-15% more for India.

it hardly matters because the growth rate difference trends by world bank is only increasing not decreasing BTW two countries

India Adds amount of Pakistan GDP every year in its economy

This is a useless comparison as the large tax payer units, the import duties and export surcharges are collected in Mumbai for whole of India. Check Tokyo city GDP nominal, it is equal to India...The whole India with 1.3 billion people contributes to Mumbai higher GDP, as the financial, commercial, industrial nerve center of India lies here in Mumbai... and adds to Maharashtra GDP..

BS even Tamil naidu has equal GDP of pakistan

Pakistan With larger mass With Gwadar port and other have lesser

Whole 1.3 billion of india contributes To Mumbai How ?? explain your logic in Economic sense

 

[N.Siddiqui]

India retains world’s highest FDI recipient crown, says report

http://www.livemint.com/Money/odjTv...ds-highest-FDI-recipient-crown-says-repo.html

This is just for one segment 'Green field' investment'...India is way behind in total FDI investment.

http://www.livemint.com/Money/K1BnZ...-ranks-10th-in-FDI-inflows-UNCTAD-report.html

 

[CaptainJackSparrow]

This is just for one segment 'Green field' investment'...India is way behind in total FDI investment.

http://www.livemint.com/Money/K1BnZ...-ranks-10th-in-FDI-inflows-UNCTAD-report.html

Champ, even if I go by your own figures (not to mention it's 2017 and your data is 14-15 and also cause it's morning and I'm in no mood to go on a google binge) where's the comparison with Pakistan? Where are YOU?

 

[SMC]

India tax to GDP 17% vs 12% for Pakistan.

The tax to GDP ratio of Scandinavian countries is quite a bit ahead of other developed countries. Those other developed countries must be shitholes, eh?

India exports $275b vs $22b. 13x difference Pakistan exports are same as 10 years ago while India have surged ahead, thanks to terrorism?

Their imports are also 10x of Pakistan .. ?

Better governance mean they hardly have any load shedding. Good image mean they receive more foreign investment.

Both of those are about to change very shortly.

Then why in terms of poverty both countries are about same level? Because 9 million overseas Pakistanis vs 30m for India. Which mean poor Pakistanis on average are more dependent on remittances then poor Indians.

No, poverty in both countries is not about the same level. Pakistan's poverty level is significantly better than India's. There's usually a different of anywhere between 5-25 points depending on which report and which poverty line you use. And besides, maybe it's better in Pakistan because of better GINI coefficient?

it hardly matters because the growth rate difference trends by world bank is only increasing not decreasing BTW two countries

No it's not. Welcome to the new reality, bharatis. Status quo has changed and things will be changing very fast, thanks to CPEC.

India Adds amount of Pakistan GDP every year in its economy

BS even Tamil naidu has equal GDP of pakistan

Pakistan With larger mass With Gwadar port and other have lesser

Whole 1.3 billion of india contributes To Mumbai How ?? explain your logic in Economic sense

How does that play into the GDP per capita argument? Are you guys back to using absolute figures?