compare the changes in per capita income of india,pakistan and china since 1947
Answers
Answer: With Pakistan : GDP (Nominal) of India and Pakistan is $2050 billion and $250 billion respectively in 2014. On PPP basis, GDP of India and Pakistan is $7,376 billion and $882 billion respectively. India is 9th largest of the world in nominal method and 3rd largest economy in ppp method. Nominal ranking of Pakistan is 43 and PPP ranking is 26. India's economically largest states Maharashtra has GDP ($289 billion) greater than Pakistan.
According to CIA Fackbook sector wise GDP composition of India in 2014 are as follows : Agriculture (17.9%), Industry (24.2%) and Services (57.9%). Sector wise GDP composition of Pakistan in 2014 are : Agriculture (25.1%), Industry (21.3%) and Services (53.6%).
GDP of India is 8.19 and 8.36 times more than Pakistan at nominal and ppp terms, respectively. India crossed $1 trillion mark in 2007 and $2 trillion mark in 2014. While Pakistan have yet to cross $1 trillion mark. In 1980, size of economy of India and Pakistan was $181 and $31, respectively.
GDP of Pakistan at ppp terms is 3.53 times more than compare to nominal basis. This ratio for India is 3.60.
Both country has been neck-to-neck in gdp per capita terms. Till 2006 in nominal basis and till 2008 in ppp basis, per capita income of pakistan was more than India. In 2014, GDP per capita of India is more than Pakistan in both terms. Per capita Income of India is $1627 and $5855 in nominal and ppp terms, respectively. Per capita Income of Pakistan in nominal and ppp terms is $1343 and $4736, respectively. World rank of India is 145 (nominal) and 125 (PPP). World rank of Pakistan is 152 (nominal) and 134 (PPP).Out of 33 Indian states/UTs, 24 states/UTs are more richer than Pakistan.
Growth rate of Pakistan is estimated at 4.14% in 2014. India's growth rate is estimated at 7.17% in 2014. During period 1980-2014, Average GDP growth of Pakistan was 5.02% compare to India's 6.23% in same period.
Indian rupee was at 1.0288 INR per Pakistani rupee (PKR) on 2 Jan 1996. Value of Pakistani currency has fallen to 0.5221 INR per 1 PKR in 1 Jan 2011. Since 2011, PKR is moving up, and on 1 Dec 2015, 1 PKR = 0.6283 INR.
Explanation: