Between 1980 and 2000, Pakistan dominated bilateral clashes with India. Then, the economic tide turned with India pulling ahead. Along with it came more resources and attitudinal change.
Authors
Jitendra Nath Misra, former ambassador and Professor of Diplomatic Practice, Jindal School of International Affairs, O.P. Jindal Global University, Sonipat, Haryana, India.
Summary
According to the World Bank, Pakistan’s GDP was $400.18 billion in 2022. Forty fourth ranked Pakistan’s growth flatlined in 2023, while India grew at 7.6 percent. India has been climbing the ranks when it comes to economic size. In 2022, India’s GDP stood at $2.97 trillion.
In 2023, the $3.2 trillion Indian economy had climbed to fifth rank, overtaking the U.K. In 2030, India’s GDP is estimated to reach $5.91 trillion, with 7.30 per cent of global share, whereas Pakistan’s GDP will be only around $427 billion, according to estimates. India’s faster annual growth rate will increase the distance between the economies in terms of GDP.
Published in: Moneycontrol
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