Name two areas of development sectors where India’s rank is higher than Pakistan?
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Q.Name two areas of development sectors where India’s rank is higher than Pakistan?
Ans:-
NEW DELHI: India and Pakistan — two of the biggest South Asian nations — started their economic journey around the same time after gaining Independence. Not many know that there was a point in the 1960s when Pakistan's per capita GDP used to be higher than that of India's. However, over the years, India has not only surpassed Pakistan's per capita GDP but taken a commanding lead on almost every economic front.
India's economically largest state, Maharashtra, has GDP ($398 billion) much greater than Pakistan.
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Pakistan today is facing global criticism for failing to rein in homegrown terror groups even as it grapples with an ailing economy and mounting global debt. India, on the other hand, has become a global frontrunner which recently surpassed the UK to become the fifth largest economy in the world. The stark economic contrast between the two neighbours shows that Pakistan's unstable government, conflicting power centres, covert support to terror groups, and involvement in global terror strikes such as the 26/11 Mumbai attacks, have bled its economy.
* India is today the fastest growing trillion-dollar economy in the world and the fifth largest overall, according to data compiled by IMF's World Economic Outlook. It jumped from the 9th spot in 2010 to the 5th spot in a span of just nine years. the GDP of India is almost 10 times that of Pakistan, which is placed at the 45th position.
* According to World Bank estimates, in 2019, India's GDP (current $ terms) was $2.875 trillion while that of Pakistan was $278.22 billion.
* In terms of purchasing power parity, India ranks third globally with a GDP of $9.612 trillion in 2019 while Pakistan is at 24th spot with GDP of $1.058 trillion.
Here's a look at the economic performance of the two nations:* India is today the fastest growing trillion-dollar economy in the world and the fifth largest overall, according to data compiled by IMF's World Economic Outlook. It jumped from the 9th spot in 2010 to the 5th spot in a span of just nine years. the GDP of India is almost 10 times that of Pakistan, which is placed at the 45th position.* India's rise has been even more dramatic across the past couple of years. Since 2008, its GDP has risen almost 140 per cent as against an increase of about 63 per cent for Pakistan.