India Vs Pak: The growth graph of India and Pakistan on major fronts
India's booming economy contrasts with Pakistan's instability. India's economic growth rate has averaged over seven 7 per cent since 1997. The country is a major exporter of information technology services and software professionals. The Indian economy bounced back from the world financial crisis, thanks to its domestic demand.
|GDP(purchasing power parity)||$4060 billion (2010 (est.)||$464.9 billion (2010 est.)|
|GDP(real growth rate)||10.4 % (2010 est.)||4.8 % (2010 est.)|
|GDP -per capita||(PPP) $3,500 (2010 est.)||$2,500 (2010 est.)|
|Unemployment rate||10.8 % (2010 est.)||15 % (2010 est.)|
|Population below poverty line||25 % (2007 est. 2007)||24 % (FY05/06 est.)|
|Budget revenues||$170.7 billion (2010 est.)||$25.33 billion|
|Budget expenditures||$268 billion (2010 est.)||$36.24 billion (2010 est.)|
|Inflation rate (consumer prices)||11.7 % (2010 est.)||13.4 % (2010 est.)|
The political unrest in Pakistan has led its economy to the brink of bankruptcy. Economic instability has in turn depreciated the Pakistani rupee. Much of Pakistan's export earnings is from the textile sector. Rising inflation, and poor investment in healthcare, education and the power sector, besides dependence on foreign aid are the major concerns.
Source: India Syndicate