Comparing India and Pakistan by Economy

As of 2024, With $3,889 billion, India's GDP is around 10.38 times higher than Pakistan's gdp of $375 billion. In nominal terms, the gap is wider (10.38 times) than ppp terms (10.11 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 44, and the PPP ranking is 26. India's economically largest state, Maharashtra, has GDP ($454 billion) much greater than Pakistan. Even the second largest economy Tamil Nadu ($298 billion), is very close. The margin between these two countries was lowest in 2000 when the Nominal GDP of India was 4.71x of Pakistan, and the highest was in 1973 (13.4x).

Both countries together share 10.69% and 18.7% of total Asia's GDP.

Both countries have been neck-to-neck in gdp per capita terms. From 1960 to 2008, India was richer than Pakistan for only eleven years, while pakistan was richer for 37 years. GDP per capita of Pakistan was 1.51x of India in 1970. Margin is being wider in favor of India since 2009. In 2024, India's per capita income was 1.7 times higher than Pakistan's on an exchange rate basis, that is an all-time high. 2008 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 144 (nominal) and 127 (PPP). The world rank of Pakistan is 162 (nominal) and 146 (PPP). Out of 33 Indian states/UTs, 29 states/UTs are richer than Pakistan.

With GDP growth of 7.021%, India is economically growing much higher than 2.377% of Pakistan. India's gdp growth rate was higher than Pakistan's in period 2001-2019. India attains a maximum gdp growth rate of 9.69% in 2021 and a minimum of -5.78% in 2020. Pakistan reached an all-time high of 11.35% in 1970 and a record low of -1.27% in 2020. From 1961 to 2022, Pakistan grew by more than 10% in 3 years while India never. The GDP growth rate was negative in five years for India and Pakistan has expreinced a negative growth rate twice.