Pakistan and India are two of the most populous countries in the world. With a population of over 1.3 billion, India is the second most populous country in the world. On the other hand, Pakistan has a population of over 200 million. Both countries have had a long and tumultuous history, with the British leaving India in 1947 and the subsequent partition of the subcontinent into two countries.
The economic development of both countries has been a major focus of both governments since independence. India has been able to make great strides in its economic development, while Pakistan has lagged behind. As of 2022, India’s GDP stood at $3.39 trillion, more than 800 percent greater than the $376.53 billion GDP of Pakistan. This makes India one of the fastest growing economies in the world, while Pakistan’s economic growth has been relatively slow.
The primary reason for India’s higher GDP is its larger population. India’s population is more than six times that of Pakistan, which means that it has a larger consumer base and more potential for economic growth. India has also been able to attract more foreign investment than Pakistan, which has helped to boost its economic growth.
In addition, India has a more diversified economy than Pakistan. India has a large manufacturing sector, which contributes significantly to its GDP. On the other hand, Pakistan’s economy is largely dependent on agriculture and remittances from overseas workers. This means that Pakistan is more vulnerable to economic shocks, such as a drop in remittances or a poor agricultural season.
Despite the differences in GDP, both countries have made significant progress in recent years. India has been able to reduce poverty and increase access to basic services, while Pakistan has been able to reduce its debt and increase its exports. Both countries have also made strides in improving their education systems and providing better healthcare.
In conclusion, it is clear that India’s GDP is significantly higher than Pakistan’s. This is due to India’s larger population, more diversified economy, and greater foreign investment. However, both countries have made significant progress in recent years, and are both working towards improving their economic situation.
