Why Pakistan is wealthier than India

[KhalaiMakhlooq]

i did read the article and it doesnt prove pakistan is wealthier than india. it simply gives a number, and that number is contested. the fact is mosy if not all economists use hdi and gdp per capita to measure development so i will stick with those. And i thinkbyoubarebconfusing gdpnwith gdp per capita because in no way is dp per capita irrelevant.

i did read the article and it doesnt prove pakistan is wealthier than india. it simply gives a number, and that number is contested. the fact is mosy if not all economists use hdi and gdp per capita to measure development so i will stick with those. And i thinkbyoubarebconfusing gdpnwith gdp per capita because in no way is dp per capita irrelevant.

You can see here for a more information, if you are interested.
https://openknowledge.worldbank.org...9001/9781464810466.pdf?sequence=4&isAllowed=y

 

[Cobra Arbok]

You can see here for a more information, if you are interested.
https://openknowledge.worldbank.org...9001/9781464810466.pdf?sequence=4&isAllowed=y

you are missing my point. what i am saying is the IMF, WB, and UN use gdp per capita and HDI to measure wealth, not your index. And india is ahead of pakistannin both indices, even when adjusted for inequality. So the facts suggest the average indian is wealthier than the average pakistani.

 

[KhalaiMakhlooq]

you are missing my point. what i am saying is the IMF, WB, and UN use gdp per capita and HDI to measure wealth, not your index. And india is ahead of pakistannin both indices, even when adjusted for inequality. So the facts suggest the average indian is wealthier than the average pakistani.

Yes, but GDP only accounts for income and production and does not reflect changes in the underlying asset base.

 

[Cobra Arbok]

Yes, but GDP only accounts for income and production and does not reflect changes in the underlying asset base.

But we are discussing wealth here, so income is the most important. HDI is what measures the other indices.

 

[KhalaiMakhlooq]

But we are discussing wealth here, so income is the most important. HDI is what measures the other indices.

The wealth accounts include the following asset categories:

• Produced capital and urban land—machinery, buildings, equipment, and residential and nonresidential urban land, measured at market prices.For brevity, the term produced capital is used in the book to include produced capital and urban land.
• Natural capital—energy (oil, gas, hard and soft coal) and minerals (10 categories), agricultural land (cropland and pastureland), forests (timber and some nontimber forest products), and terrestrial protected areas (for brevity, referred to simply as protected areas in the book). Marine-protected areas are not currently included. Natural capital is measured as the discounted sum of the value of the rents generated over the lifetime of the asset.
• Human capital—human capital disaggregated by gender and employment status (employed, self-employed). Human capital is measured as the discounted value of earnings over a person’s lifetime.
• Net foreign assets—the sum of a country’s external assets and liabilities, for example, foreign direct investment and reserve assets (for further explanation, see Lane and Milesi-Ferretti 2007, 2017)

 

[usman012]

Because Indian population is almost thrice compare to Pakistan. Still, India is doing way better in many fields .... I will start from IT (Information Technology). and Pakistan is also doing better compare to India in many fields.

And, both country is struggling with corrupted leaderships, Corrupted Babu's and Corrupted management systems.

But Both are suffering from same Rape incidents, crime rate, toilet and health care issues........

Lol! that's fine that we are struggling in many filed but do not compare us with Rape incident please .In that category ,you are doing pretty well .

 

[Cobra Arbok]

Lol! that's fine that we are struggling in many filed but do not compare us with Rape incident please .In that category ,you are doing pretty well .

Actually, Pakistan has a higher rape rate than India, but that is off topic.

 

[El Sidd]

Pakistanis are too rich while the Pakistani government begs around.

How beautiful

 

[usman012]

Actually, Pakistan has a higher rape rate than India, but that is off topic.

lollo! India is declared world's most dangerous country for women .Even Afghanistan is way safer than India for women.This is not from my Side .This report was published by International Publication.

 

[LASER1]

Source that wealth data is false?

Oh I believe clearly. Just that it looks like no organization takes them into consideration. Nigerians are $37000 wealthy on an average explains a lot. i.e a country where more than one-fourth of its population live in extreme poverty.

I DON'T BELIEVE INDIA'S GDP RATES

These rates are IMF and world bank rates. If Mr. Nobody doesn't believe it, no one cares.

 

[KhalaiMakhlooq]

Oh I believe clearly. Just that it looks like no organization takes them into consideration. Nigerians are $37000 wealthy on an average explains a lot. i.e a country where more than one-fourth of its population live in extreme poverty.


These rates are IMF and world bank rates. If Mr. Nobody doesn't believe it, no one cares.

That was the title of the Forbes article, by a fellow at the Adam Smith Institute in London writes for The Times, Daily Telegraph, Express, Independent, City AM, Wall Street Journal, Philadelphia Inquirer and online for the ASI, IEA, Social Affairs Unit, Spectator, The Guardian, The Register and Techcentralstation. Also worked for several UK Politicians.

Oh I believe clearly. Just that it looks like no organization takes them into consideration. Nigerians are $37000 wealthy on an average explains a lot. i.e a country where more than one-fourth of its population live in extreme poverty.

Nigeria has been ranked the sixth largest revenue earner among the Organisation of Petroleum Exporting Countries (OPEC) member nations. Apart from petroleum, Nigeria's other natural resources include natural gas, tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. The oil and gas sector accounts for about 10 per cent of gross domestic product, and petroleum exports revenue represents almost 83 per cent of total exports revenue.

 

[LASER1]

Nigeria has been ranked the sixth largest revenue earner among the Organisation of Petroleum Exporting Countries (OPEC) member nations. Apart from petroleum, Nigeria's other natural resources include natural gas, tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. The oil and gas sector accounts for about 10 per cent of gross domestic product, and petroleum exports revenue represents almost 83 per cent of total exports revenue.

LOL! Venezuela has the largest oil reserves, doesn't make them richest. These are useless reports, there is no value to these wealth per capita. All the indicators point out the pathetic state of the Nigerian economy. They have double-digit inflation, rising poverty levels, now have the largest number of poor people. Yet, here we are having some $37k in wealth. Twice that of India and Pakistan. Dude...

That was the title of the Forbes article, by a fellow at the Adam Smith Institute in London writes for The Times, Daily Telegraph, Express, Independent, City AM, Wall Street Journal, Philadelphia Inquirer and online for the ASI, IEA, Social Affairs Unit, Spectator, The Guardian, The Register and Techcentralstation. Also worked for several UK Politicians.

I take into consideration IMF and WB. You can cherry pick Adam Smith or Jahova Smith. Doesn't matter.

 

[KhalaiMakhlooq]

LOL! Venezuela has the largest oil reserves, doesn't make them richest. These are useless reports, there is no value to these wealth per capita. All the indicators point out the pathetic state of the Nigerian economy. They have double-digit inflation, rising poverty levels, now have the largest number of poor people. Yet, here we are having some $37k in wealth. Twice that of India and Pakistan. Dude...


I take into consideration IMF and WB. You can cherry pick Adam Smith or Jahova Smith. Doesn't matter.

The figures stand, if you want to go down the GDP route, which is stupid...

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=NG

Indian GDP per Capita 1,939.6
Nigerian GDP per Capita 1,968.6

 

[LASER1]

The figures stand, if you want to go down the GDP route, which is stupid...

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=NG

Indian GDP per Capita 1,939.6
Nigerian GDP per Capita 1,968.6

Boi, stay with one thing. Either stick to Wealth Per capita or Nominal GDP.

 

[KhalaiMakhlooq]

I take into consideration IMF and WB. You can cherry pick Adam Smith or Jahova Smith. Doesn't matter.

https://indianexpress.com/article/o...ongress-indian-economy-nda-modi-govt-5316408/

Indian economist agrees.

Boi, stay with one thing. Either stick to Wealth Per capita or Nominal GDP.

So which one do you want to use, they both prove your Nigerian comment wrong.