The Indian and Pakistani economies: A comparative analysis
I ndia and Pakistan are two of the largest and most populous countries in South Asia. Both nations have their unique cultures, traditions, and history. In this article, we will take a closer look at their economies and compare the two. The Indian economy is the 5th largest in the world by nominal GDP and the 3rd largest by purchasing power parity. India has a mixed economy, which is characterized by a combination of private enterprise and government control. The agriculture sector employs over 50% of the country’s workforce and accounts for approximately 17% of its GDP. The services sector, which includes the likes of banking, finance, and tourism, accounts for a significant portion of India’s GDP, while the industrial sector is rapidly growing. Pakistan’s economy is the 40th largest in the world by nominal GDP. Like India, Pakistan has a mixed economy with significant government intervention and a growing private sector. The agriculture sector is the backbone of the Pakista...