Pakistan does not stand far and wide in front of India in terms of GDP, job and development
This way In time, when geopolitical tension between India and Pakistan has once again increased considerably, the economic gap between the two countries has become more wide than ever. A few decades ago, Pakistan was ahead of India in some economic fields, but now Pakistan is far behind India among the major economic indicators. From GDP growth and per capita income to inflation control and employment trends, India has consistently adopted reforms. India has made rapid progress with strong economic performance. While Pakistan is struggling with instability.
GDP per capita
According to IMF data on per capita GDP (current prices, in US dollars), India has shown strong economic progress over the last few decades. In 2000, Pakistan’s per capita GDP was $ 733, which was much higher than in India. At that time India’s figure was only $ 442. This suggests that Pakistan’s per capita economic production at that time was stronger than India. However, in recent years this initial lead has reversed and India has shown a very rapid increase in per capita GDP since then.
India’s per capita GDP increased from $ 1560 in 2014 to $ 2711 by 2024, which shows 74% growth in the last 10 years. In contrast, Pakistan’s performance has been comparatively stable. Starting from $ 1424 in 2014, it increased to $ 1581 in 2024. During this period, Pakistan increased by a slight 11%. The global average per capita GDP also increased during this period. It rose from $ 11,120 in 2014 to $ 13,933 in 2024, showing an increase of 24% in the last decade. This comparison throws light on the fact that India has not only surpassed Pakistan, but has also performed better than the global average in terms of per capita income growth in recent years.
Real GDP Growth
Real GDP growth figures in the last decade also highlight India’s strong economic pace compared to Pakistan and the global average. Between 2015 and 2025, India recorded an average annual GDP growth rate of 6.08%, the highest among all three. Despite the huge contraction (-5.8%) in 2020 due to the epidemic, India made a strong return with a growth rate of 9.7% in 2021, 7.6% in 2022 and 9.2% in 2023.
In contrast, Pakistan’s economy showed a more unstable and weak performance with an average growth of only 3.43% in the same period. It faced contraction in 2020 and also recorded negative growth (-0.2%) in 2023, indicating frequent economic challenges. The global economy increased at an average rate of 3.11% during this period. Thus India remained quite above the global trend and underlined its position as one of the fastest growing major economies.
Unemployment rate
Similarly, from 2018 to 2025, unemployment trends also show a contrast picture between India and Pakistan. India’s unemployment rate, which was relatively 8.9% in 2018, has been reduced to an estimated 4.9% by 2025, which indicates the employment market better over the years. On the other hand, Pakistan’s unemployment rate, which was 5.8% in 2018, has deteriorated and has increased to 8% by 2025. Whereas India saw a rapid decline in unemployment after 2021. On the other hand, Pakistan saw a significant bounce in unemployment in 2023, which suggests increasing employment challenges in its economy.
Dearness
The figures of inflation rates based on average consumer prices show different trends for India, Pakistan and the world in the last decade. India maintained a relatively stable inflation environment. In 2015 it was 4.9% inflation and 4.7% in 2024. The resulting 10-year average of 4.97% was, which is only slightly higher than the global average of 4.46%. Globally, inflation increased from 2.7% in 2015 to 5.7% in 2024. In contrast, Pakistan experienced a huge increase in inflation. The inflation rate in 2015 was 4.5%, it increased to 23.4% by 2024, causing a 10.81% a 10-year average inflation that is more than double the global average figure.
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