Comparing India and Pakistan by Economy

As of 2020, With $2,709 bn, India's GDP is around ten times higher than Pakistan's gdp of $263 bn. In nominal terms, the gap is wider (above ten times) than ppp terms (8.3 times). India is the 5th largest economy in the world in nominal method and 3rd largest economy in ppp method. The nominal ranking of Pakistan is 48, and the PPP ranking is 24. India's economically largest state, Maharashtra, has GDP ($398 billion) much greater than Pakistan. Even the second largest economy Tamil Nadu ($247 bn), is very close. The margin between these two countries was lowest in 1993 when the Nominal GDP of India was 5.39x of Pakistan, and the highest was in 1973 (13.4x).

Both countries together share 10% and 18.5% of total Asia's GDP.

Both countries have been neck-to-neck in gdp per capita terms. From 1960 to 2006, India was richer than Pakistan for only five years. GDP per capita of Pakistan was 1.54x of India in 1970. Margin is being wider in favor of India since 2009. In 2020, India's per capita income was 1.56 times higher than Pakistan's on an exchange rate basis, with an all-time high of 1.63x in 2019. 2006 is the previous year when Pakistan was richer than India. Both nations are at a very lower position in World GDP per capita ranking. The rank of India is 147 (nominal) and 130 (PPP). The world rank of Pakistan is 160 (nominal) and 144 (PPP). Out of 33 Indian states/UTs, 28 states/UTs are richer than Pakistan.

After 19 years, India's gdp growth rate (-7.97) is lower than Pakistan's (-0.39) in 2020. India attains a maximum gdp growth rate of 9.63% in 1988 and a minimum of -5.24% in 1979. Pakistan reached an all-time high of 11.35% in 1970 and a record low of 0.47% in 1971. From 1961 to 2017, Pakistan grew by more than 10% in 3 years while India never. The GDP growth rate was negative in four years for India, but Pakistan has never shown a negative growth rate.

According to CIA Fackbook, the sector-wise GDP composition of India in 2017 are as follows: Agriculture (15.4%), Industry (23%), and Services (61.5%). The sector-wise GDP composition of Pakistan in 2017 is Agriculture (24.7%), Industry (19.1%), and Services (56.3%).