No comparison with Indian econmy !

[onionkiller]

National
No comparison with Indian economy!
Pakistan has a long way to go
Sabir Shah
Tuesday, October 01, 2013
From Print Edition
4 2 0 0
LAHORE: Though the Pakistani
Premier Nawaz Sharif did meet his
Indian counterpart Manmohan
Singh amidst controversy in New
York on Sunday to restore the
long-elusive peace in the region,
nothing very concrete could surface
to give hopes to the businessmen
on either side of the border.
Interestingly, many economists have
tried to compare the economies of
the two over the years without
realising that there is no comparison
or match at all, if we look at the
relevant statistics.
To quote just one example of this
very sharp contrast, according to a
March 21, 2013 report of the India’s
widely-watched NDTV, the total
Indian Software, Technology Enabled
Services (ITES) and Business Process
Outsourcing (BPO) exports during
2011-12 were estimated at $68.02
billion.
Now, this $68.02 billion figure of
Indian software exports alone is over
2.5 times higher than Pakistan’s net
export figure of around $25 billion!
In 2013-14, this figure for Indian
ITES and BPO exports is likely to
cross the $75 billion mark.
India’s 138-year old Bombay Stock
exchange is the 11th largest bourse
in the world by market capitalisation
as of 31 December 2012. Its market
capitalisation stands at $1,263
billion, behind New York Stock
Exchange ($14,085 billion), the New
York City-based National Association
of Securities Dealers Automated
Quotations or NASDAQ ($4,582
billion), the Tokyo Stock Exchange ($
3,478 billion), the London Stock
Exchange ($3,396 billion), the
Amsterdam-based European
Electronic Stock Exchange or the
Euronext ($2,930 billion), the Hong
Kong Stock Exchange ($2,831 billion),
the Shanghai Stock Exchange ($2,547
billion), the Toronto Stock Exchange
($2,058 billion), the Frankfurt Stock
Exchange ($1,486 billion) and the
Australian Stock Exchange ($1,386
billion) followed by $1,263 billion of
Bombay Stock Exchange.
On the other hand, Pakistan’s
Karachi Stock Exchange, having over
650 listed companies otherwise, is
nowhere in sight in the list of 25
largest global bourses. The Market
Capitalisation of Karachi Stock
Exchange had stood at a dismal $
53.3 billion approximately on May
28, 2013.
Remember, by 2030, India will
become the world’s third largest
economy with projected Purchasing
Power Parity GDP at $13,716 billion.
According to a study conducted by
the London-based multinational
professional services firm, Messrs
Ernst and Young, India also has the
second-largest pool of scientists and
engineers in the world. This report
has revealed that there are 690,000
students of science and mathematics
graduating every year in India, which
is much higher than China, Japan,
the US or Europe.
In China, the number of such
graduates each year is 530,000,
against 350,000 in Japan, 420,000 in
the US and 470,000 in the EU.
Having set up as many as 389
universities, 14,169 colleges and
1,500 research institutions that
churn out 750,000 post-graduates
per annum, India also has the
second largest number of trained
doctors on Earth.
In fact, as the “Times of India” puts
it, some 36 per cent of the scientists
at the American National
Aeronautics and Space
Administration (NASA) are Indians
by origin.India currently has 122
billionaires each with net assets of
Rs5 billion and above, as of
December 2012.
The number of High Net Worth
individuals (HNWIs) in India is likely
to more than double over the next
10 years, according to the Knight
Frank Wealth Report 2013. This
report ranks India on fifth position,
behind United States, China,
Germany and the United Kingdom
only.
India’s High Net-Worth Individuals
(HNWIs) with assets of $1.50 billion
or more is estimated to increase to
225 billionaires in the coming
decade, which would place India
along with China and Japan with
highest HNWIs in Asia.
Mumbai has been ranked 7th and
Delhi 11th amongst 30 globally rich
cities with 2,105 and 1,945 High
Net-Worth Individuals
respectively.For information of
readers, the Knight Frank LLP is a
prestigious residential and
commercial property consultancy
founded in London in 1896.
Knight Frank together with its New
York-based affiliate Messrs Newmark
Grubb Knight Frank is one of the
world’s leading independent global
property consultancies with a global
network encompasses 244 offices and
more than 7,067 employees who
handle in excess of US$817 billion
(£498 billion) worth of commercial,
agricultural and residential real
estate annually.
Although it can be argued that it is
not possible to calculate the net
worth of individuals in Pakistan due
to a vast spread of grey economy and
deliberate fudging of wealth
statistics for tax evasion purposes
etc, the afore-cited Knight Frank
Wealth Report 2013 has estimated
that the number of Pakistani
individuals with net worth of US$30
million (Rs3.20 billion
approximately) and above is just
368, way behind India’s figure of
8,481 in this context.
According to the latest CIA World
Fact Book, the economy of India is
the fourth largest in the world with
a Purchasing Power Parity GDP of $
4,735 billion. The IMF says it is the
3rd largest.The same source says
Pakistan has the 28th largest
economy in the world with a
Purchasing Power Parity GDP of just $
514.6 billion!
India happens to be the world’s
18th largest exporter with total
exports resting at $309.1 billion, as
compared to Pakistan’s figure of $
24.66 billion. Pakistan is world’s 71st
largest exporter.
So, one can see that the Indian
export sector is miles ahead of the
Pakistani industries that sell their
goods abroad.On the import front,
India currently happens to be 9th
biggest global importer as it buys
goods worth $500.3 billion from
other countries.
Pakistan stands at number 61 with
imports valued at $40.82 billion.As
far as the GDP real growth rate, or
the measure of the rate of change
that a nation’s Gross Domestic
Product experiences from one year to
another, is concerned, India ranks
50th in the world with 5.4 per cent
acceleration. Pakistan’s GDP real
growth rate is just 3.7 per cent,
making it stand at number 93 among
the comity of nations.
The Indian external debt rests at $
299.2 billion, making it the 30th
most indebted nation.Pakistan is the
57th most indebted nation with
external debt of $ 55.98 billion
(according to the under review CIA
World Fact Book report), though the
country’s foreign debt obligations
have touched the $60 billion figure
due to rupee’s recent worsening
parity vis-à-vis the American dollar.
India has a $256.6 billion stock of
Foreign Direct Investment (FDI) at
home, which helps it stand as the
21st most sought after nation by
international businessmen having
off-shore investments.
In Pakistan’s case, this figure of FDI
at home rests at just $22.38 billion,
meaning thereby that the terrorism-
rocked country is the 69th most
preferred destination by global
investors.As far as the stock of FDI
abroad is concerned, India stands at
28th position with off-shore
investments worth $121.3 billion. In
this regard, Pakistan stands at 72nd
rank with international investments
valued at $1.482 billion only.
The current value of Indian Forex
and Gold reserves is $287.2 billion
(10th global rank).
Pakistan has Forex and Gold reserves
to the tune of $13.5 billion only or
the 68th highest in the world.
Having a mammoth labour force
made up of 498.4 million humans,
India’s GDP per capita stands at $
3,900 only or 164th highest in the
world. GDP per capita of a country is
calculated by dividing its Gross
Domestic Product by its midyear
population.
Pakistan has even worse figures as
its GDP per capita is a paltry $2,900,
placing it at 175th position.
Pakistan, by the way, has the 10th
largest labour force comprising of
60.36 million people.
Having an unemployment rate of 9.9
per cent (rank 108th), India’s
budgetary revenues are estimated at
$171.5 billion and its taxes and
other revenues constitute 8.8 per
cent of its GDP (rank 209).
In Pakistan’s case, the
unemployment rate is relatively
better at 5.6 per cent (rank 55th), its
budgetary revenues are estimated at
$29.51 billion and its taxes and
other revenues constitute 12.8 per
cent of its GDP (rank 201).
However, India had stood at 132nd
position out of 187 countries on the
gender inequality index of the
United Nations Development
Programme’s Human Development
Report 2013, hence performing worse
than Pakistan (123rd position).
The gender inequality index
measures the loss in a country’s
progress and human development
because of gender inequality in
three sectors: reproductive health,
women empowerment and labour
market participation.
According to CIA World Fact Book
2013, India is one of the fastest
growing retail markets in the world
by economic value.
The Indian retail industry is
estimated to be $450 billion. It
ranks second worldwide in farm
output and is the largest world
producer of milk, jute and pulses.
India has the world’s third largest
road network, covering more than
4.3 million kilometers and carries 60
per cent freight and 87 per cent
passenger traffic.
Indian Railways is the fourth largest
rail network in the world, with a
track length of 114,500 kilometers.
The country has a national Tele-
density rate of 74.15 per cent with
926.53 million telephone
subscribers. Over half of India’s
population is below 25 years and by
2020, the average age of an Indian
is expected to be 29 years.
According to the German global
banking and financial services
company, the Deutsche Bank, India’s
working-age population will increase
by 240 million over the next two
decades.
The production of passenger vehicles
in India was recorded at 3.23 million
in 2012-13 and is expected to grow
at a Compound Annual Growth Rate
(CAGR) of 13 per cent during
2012-2021, as per data published by
Automotive Component
Manufacturers Association of India.
Then, with 155,618 post offices and
paying over 566,000 employees,
India has the largest postal network
in the world.
The country’s domestic airlines
carried 20.289 million passengers
during January and April 2013. Its
aviation sector has attracted Foreign
Direct Investment worth $449.26
million from April 2000 to March
2013.
In sharp contrast, we all know that
the Pakistan international Airlines
(PIA) is currently a ‘white elephant,’
being fed by the exchequer for years
now.
India’s Rs77 trillion banking
industry has 87 scheduled
commercial banks, 26 public sector
banks, 20 private banks and 41
foreign banks.
Although it doesn’t compare in any
way to the flourishing Indian
economy, Pakistan too has a few
good things to be cited as
references.
For example, according to the United
Nation’s Food and Agriculture
Organization, Pakistan is the largest
producer of Ghee, the 2nd largest
producer of Chickpeas, the 4th
largest producer of Apricot, Cotton
and Sugarcane, the 5th largest
producer of Milk and Onion, the 6th
largest producer of Date Palm, the
7th largest producer of Mango, the
8th largest producer of Tangerines,
Mandarin orange and Rice, the 9th
largest producer of Wheat and the
10th largest producer of Oranges

source. thenews.com.pk




took very long time to realise this .

 

[Gautam]

India's IT & BPO export alone is about $68 Billion, which is 2.5 times that of the entire export of Pakistan? Nothing else included? I didnt know it. And then some people across the border talk about India's economy collapse!!

 

[A.Rafay]

I only read the last paragraph!

 

[Hindustani]

The state of Maharashtra has a greater GDP than all of pakistan

Comparing Indian states and territories with countries: An Indian summary | The Economist

 

[POPS]

National
No comparison with Indian economy!
Pakistan has a long way to go
Sabir Shah
Tuesday, October 01, 2013
From Print Edition
4 2 0 0
LAHORE: Though the Pakistani
Premier Nawaz Sharif did meet his
Indian counterpart Manmohan
Singh amidst controversy in New
York on Sunday to restore the
long-elusive peace in the region,
nothing very concrete could surface
to give hopes to the businessmen
on either side of the border.
Interestingly, many economists have
tried to compare the economies of
the two over the years without
realising that there is no comparison
or match at all, if we look at the
relevant statistics.
To quote just one example of this
very sharp contrast, according to a
March 21, 2013 report of the India’s
widely-watched NDTV, the total
Indian Software, Technology Enabled
Services (ITES) and Business Process
Outsourcing (BPO) exports during
2011-12 were estimated at $68.02
billion.
Now, this $68.02 billion figure of
Indian software exports alone is over
2.5 times higher than Pakistan’s net
export figure of around $25 billion!
In 2013-14, this figure for Indian
ITES and BPO exports is likely to
cross the $75 billion mark.
India’s 138-year old Bombay Stock
exchange is the 11th largest bourse
in the world by market capitalisation
as of 31 December 2012. Its market
capitalisation stands at $1,263
billion, behind New York Stock
Exchange ($14,085 billion), the New
York City-based National Association
of Securities Dealers Automated
Quotations or NASDAQ ($4,582
billion), the Tokyo Stock Exchange ($
3,478 billion), the London Stock
Exchange ($3,396 billion), the
Amsterdam-based European
Electronic Stock Exchange or the
Euronext ($2,930 billion), the Hong
Kong Stock Exchange ($2,831 billion),
the Shanghai Stock Exchange ($2,547
billion), the Toronto Stock Exchange
($2,058 billion), the Frankfurt Stock
Exchange ($1,486 billion) and the
Australian Stock Exchange ($1,386
billion) followed by $1,263 billion of
Bombay Stock Exchange.
On the other hand, Pakistan’s
Karachi Stock Exchange, having over
650 listed companies otherwise, is
nowhere in sight in the list of 25
largest global bourses. The Market
Capitalisation of Karachi Stock
Exchange had stood at a dismal $
53.3 billion approximately on May
28, 2013.
Remember, by 2030, India will
become the world’s third largest
economy with projected Purchasing
Power Parity GDP at $13,716 billion.
According to a study conducted by
the London-based multinational
professional services firm, Messrs
Ernst and Young, India also has the
second-largest pool of scientists and
engineers in the world. This report
has revealed that there are 690,000
students of science and mathematics
graduating every year in India, which
is much higher than China, Japan,
the US or Europe.
In China, the number of such
graduates each year is 530,000,
against 350,000 in Japan, 420,000 in
the US and 470,000 in the EU.
Having set up as many as 389
universities, 14,169 colleges and
1,500 research institutions that
churn out 750,000 post-graduates
per annum, India also has the
second largest number of trained
doctors on Earth.
In fact, as the “Times of India” puts
it, some 36 per cent of the scientists
at the American National
Aeronautics and Space
Administration (NASA) are Indians
by origin.India currently has 122
billionaires each with net assets of
Rs5 billion and above, as of
December 2012.
The number of High Net Worth
individuals (HNWIs) in India is likely
to more than double over the next
10 years, according to the Knight
Frank Wealth Report 2013. This
report ranks India on fifth position,
behind United States, China,
Germany and the United Kingdom
only.
India’s High Net-Worth Individuals
(HNWIs) with assets of $1.50 billion
or more is estimated to increase to
225 billionaires in the coming
decade, which would place India
along with China and Japan with
highest HNWIs in Asia.
Mumbai has been ranked 7th and
Delhi 11th amongst 30 globally rich
cities with 2,105 and 1,945 High
Net-Worth Individuals
respectively.For information of
readers, the Knight Frank LLP is a
prestigious residential and
commercial property consultancy
founded in London in 1896.
Knight Frank together with its New
York-based affiliate Messrs Newmark
Grubb Knight Frank is one of the
world’s leading independent global
property consultancies with a global
network encompasses 244 offices and
more than 7,067 employees who
handle in excess of US$817 billion
(£498 billion) worth of commercial,
agricultural and residential real
estate annually.
Although it can be argued that it is
not possible to calculate the net
worth of individuals in Pakistan due
to a vast spread of grey economy and
deliberate fudging of wealth
statistics for tax evasion purposes
etc, the afore-cited Knight Frank
Wealth Report 2013 has estimated
that the number of Pakistani
individuals with net worth of US$30
million (Rs3.20 billion
approximately) and above is just
368, way behind India’s figure of
8,481 in this context.
According to the latest CIA World
Fact Book, the economy of India is
the fourth largest in the world with
a Purchasing Power Parity GDP of $
4,735 billion. The IMF says it is the
3rd largest.The same source says
Pakistan has the 28th largest
economy in the world with a
Purchasing Power Parity GDP of just $
514.6 billion!
India happens to be the world’s
18th largest exporter with total
exports resting at $309.1 billion, as
compared to Pakistan’s figure of $
24.66 billion. Pakistan is world’s 71st
largest exporter.
So, one can see that the Indian
export sector is miles ahead of the
Pakistani industries that sell their
goods abroad.On the import front,
India currently happens to be 9th
biggest global importer as it buys
goods worth $500.3 billion from
other countries.
Pakistan stands at number 61 with
imports valued at $40.82 billion.As
far as the GDP real growth rate, or
the measure of the rate of change
that a nation’s Gross Domestic
Product experiences from one year to
another, is concerned, India ranks
50th in the world with 5.4 per cent
acceleration. Pakistan’s GDP real
growth rate is just 3.7 per cent,
making it stand at number 93 among
the comity of nations.
The Indian external debt rests at $
299.2 billion, making it the 30th
most indebted nation.Pakistan is the
57th most indebted nation with
external debt of $ 55.98 billion
(according to the under review CIA
World Fact Book report), though the
country’s foreign debt obligations
have touched the $60 billion figure
due to rupee’s recent worsening
parity vis-à-vis the American dollar.
India has a $256.6 billion stock of
Foreign Direct Investment (FDI) at
home, which helps it stand as the
21st most sought after nation by
international businessmen having
off-shore investments.
In Pakistan’s case, this figure of FDI
at home rests at just $22.38 billion,
meaning thereby that the terrorism-
rocked country is the 69th most
preferred destination by global
investors.As far as the stock of FDI
abroad is concerned, India stands at
28th position with off-shore
investments worth $121.3 billion. In
this regard, Pakistan stands at 72nd
rank with international investments
valued at $1.482 billion only.
The current value of Indian Forex
and Gold reserves is $287.2 billion
(10th global rank).
Pakistan has Forex and Gold reserves
to the tune of $13.5 billion only or
the 68th highest in the world.
Having a mammoth labour force
made up of 498.4 million humans,
India’s GDP per capita stands at $
3,900 only or 164th highest in the
world. GDP per capita of a country is
calculated by dividing its Gross
Domestic Product by its midyear
population.
Pakistan has even worse figures as
its GDP per capita is a paltry $2,900,
placing it at 175th position.
Pakistan, by the way, has the 10th
largest labour force comprising of
60.36 million people.
Having an unemployment rate of 9.9
per cent (rank 108th), India’s
budgetary revenues are estimated at
$171.5 billion and its taxes and
other revenues constitute 8.8 per
cent of its GDP (rank 209).
In Pakistan’s case, the
unemployment rate is relatively
better at 5.6 per cent (rank 55th), its
budgetary revenues are estimated at
$29.51 billion and its taxes and
other revenues constitute 12.8 per
cent of its GDP (rank 201).
However, India had stood at 132nd
position out of 187 countries on the
gender inequality index of the
United Nations Development
Programme’s Human Development
Report 2013, hence performing worse
than Pakistan (123rd position).
The gender inequality index
measures the loss in a country’s
progress and human development
because of gender inequality in
three sectors: reproductive health,
women empowerment and labour
market participation.
According to CIA World Fact Book
2013, India is one of the fastest
growing retail markets in the world
by economic value.
The Indian retail industry is
estimated to be $450 billion. It
ranks second worldwide in farm
output and is the largest world
producer of milk, jute and pulses.
India has the world’s third largest
road network, covering more than
4.3 million kilometers and carries 60
per cent freight and 87 per cent
passenger traffic.
Indian Railways is the fourth largest
rail network in the world, with a
track length of 114,500 kilometers.
The country has a national Tele-
density rate of 74.15 per cent with
926.53 million telephone
subscribers. Over half of India’s
population is below 25 years and by
2020, the average age of an Indian
is expected to be 29 years.
According to the German global
banking and financial services
company, the Deutsche Bank, India’s
working-age population will increase
by 240 million over the next two
decades.
The production of passenger vehicles
in India was recorded at 3.23 million
in 2012-13 and is expected to grow
at a Compound Annual Growth Rate
(CAGR) of 13 per cent during
2012-2021, as per data published by
Automotive Component
Manufacturers Association of India.
Then, with 155,618 post offices and
paying over 566,000 employees,
India has the largest postal network
in the world.
The country’s domestic airlines
carried 20.289 million passengers
during January and April 2013. Its
aviation sector has attracted Foreign
Direct Investment worth $449.26
million from April 2000 to March
2013.
In sharp contrast, we all know that
the Pakistan international Airlines
(PIA) is currently a ‘white elephant,’
being fed by the exchequer for years
now.
India’s Rs77 trillion banking
industry has 87 scheduled
commercial banks, 26 public sector
banks, 20 private banks and 41
foreign banks.
Although it doesn’t compare in any
way to the flourishing Indian
economy, Pakistan too has a few
good things to be cited as
references.
For example, according to the United
Nation’s Food and Agriculture
Organization, Pakistan is the largest
producer of Ghee, the 2nd largest
producer of Chickpeas, the 4th
largest producer of Apricot, Cotton
and Sugarcane, the 5th largest
producer of Milk and Onion, the 6th
largest producer of Date Palm, the
7th largest producer of Mango, the
8th largest producer of Tangerines,
Mandarin orange and Rice, the 9th
largest producer of Wheat and the
10th largest producer of Oranges

source. thenews.com.pk




took very long time to realise this .

onli IT & BPO what about Pharma , Iron & Steel ,Cement , Auto Ancellary ,garments ,agro based industries & Tourism

 

[TopCat]

India's IT & BPO export alone is about $68 Billion, which is 2.5 times that of the entire export of Pakistan? Nothing else included? I didnt know it. And then some people across the border talk about India's economy collapse!!

Thats the only thing keeping India afloat and benefits only a handful of people like you. Without that you would still be rearing cows in some remote Andhra or WB village.

 

[onionkiller]

I only read the last paragraph!

always denial mode. btw you have read full article. haha haha. bt u dnt accept that india is far ahead from pakistan in economy.be realstic

 

[hunter_hunted]

Seems you are on Pak Orgasm right now this is your third thread in a day without a Format. As soon you see the Pakistan related news you get orgasm and paste it without format Nice going.

We dont have to reach for your economy because your country is bigger in landmass and in population and you have to feed more mouths So sure we cant match your's economy atleast not now. So go out and get a soda and pop it open and drink for good economy while you have it.

As @A.Rafay said I only read last para. That was enough for us

 

[Truth Finder]

Do not shame them.

 

[anyrandom]

Thats the only thing keeping India afloat and benefits only a handful of people like you. Without that you would still be rearing cows in some remote Andhra or WB village.

omg we would have flooded bangladesh with indian cows......then you guys would have to live in bay of bengal

 

[sree45]

Thats the only thing keeping India afloat and benefits only a handful of people like you. Without that you would still be rearing cows in some remote Andhra or WB village.

Indian IT industry is here to stay and is only going to increase. So your argument of WITHOUT IT doesn't hold.

 

[Kompromat]

India is 6X larger than Pakistan in every way. Any comparison is absurd logic here.

 

[POPS]

well those who beleve that Indian exports are just about Bollywood , IT and BPO they are so so mistaken these three are just the moscots while the real strenth lies in manufaturing , textiles&garments, Iron & steel ,Pharma,Auto Ancellaries and many more Pakistan can never compete with us its not even a contest yes had owr excise/taxation and labour laws at par with current needs and compitition Indian economy would have been at par with chinese if not better

 

[Hindustani]

India is 6X larger than Pakistan in every way. Any comparison is absurd logic here.

What about the state of Maharashtra? It's 3x smaller than pakistan, yet a little over pakistan's GDP.

 

[Truth Finder]

India is 6X larger than Pakistan in every way. Any comparison is absurd logic here.

But, I knew 1 Pakistan = 10 X India.