Economic comparison

Submitted By : Farhan ahmed (8829) Abdul Majid (11013) Ahsan Ali (10258)

Major Indicators Poverty India: 41.6% Pakistan: 22.6%

Education male Pakistan: 80% India 87% female Pakistan 60% India 77%

Economics GDP per capita (US$), 2008 Pak:$1000-1022 India $1017-1100

Population Pakistan 174,578,558 People Population growth rate: 1.947% (2009 est.) India(1.15 billion) people Population growth rate: 1.407% (2009 est.)

Pakistan Unemployment rate

• Unemployment rate: 15.2% (2009 est.)

13.6% (2008 est.)

YearUnemployment rate

RankPercent Change

Date of Information

2003 7.80 % 119 2002 est.

2004 7.70 % 122 -1.28 % 2003 est.

2005 8.30 % 75 7.79 % 2004 est.

2006 6.60 % 65 -20.48 % 2005 est.

2007 6.50 % 72 -1.52 % 2006 est.

2008 5.60 % 71 -13.85 % 2007 est.

2009 7.40 % 92 32.14 % 2008 est.

2010 15.20 % 152 105.41 % 2009 est.

Causes

• The higher growth rate of population • Investors are reluctant to invest • Educational system • Lack of infrastructure

Suggestions

• Government should try to boost exports • Announce multiple packages for the

development • Foreign investment. • Technical training facilities

India Unemployment rate

• Unemployment rate: 10.7% (2009 est.) 10.4% (2008 est.)

Year Unemployment rate

Rank Percent Change

Date of Information

2003 8.80 % 110 2002

2004 9.50 % 105 7.95 % 2003

2005 9.20 % 83 -3.16 % 2004 est.

2006 8.90 % 91 -3.26 % 2005 est.

2007 7.80 % 92 -12.36 % 2006 est.

2008 7.20 % 89 -7.69 % 2007 est.

2009 6.80 % 85 -5.56 % 2008 est.

2010 10.70 % 117 57.35 % 2009 est.

Causes

• Rapid changes in technology • Recessions • Changes in tastes as well as alterations in the

climatic conditions. • Attitude towards employers • Willingness to work • Perception of employees

Suggestions

• An efficient and corruption free bureaucracy • A framework of Business Law • Tax Law • Business micro-loans • Specialist assistance

Pakistan Balance of Trade

Year

2010

2009

2008

2007

Total

-4065.1

-14192.2

-21904.2

-15170.8

Causes

• A high volume of imports especially capital goods

• Diminishing exports

Suggestions

• Increase the export of trade by reducing tariffs.

• Need to decrease imports by broadening tax base.

India Balance of Trade

Year

2010

2009

2008

2007

Total

-19328.0

-88388.0

-126204.0

-78278.0

Pakistan Trade, Exports and Imports

The major export

• Textiles (garments, bed linen, cotton cloth, yarn)• Rice• Leather goods• Sports goods• Chemicals• Manufactures• Carpets and rugs• Pakistan Exports Partners

Pakistan’s export partners

The major import

• Petroleum• Petroleum products• Machinery• Plastics• Transportation equipment• Edible oils• Paper and paperboard• Iron and steel• Tea

Pakistan’s import partners

India's Trade, Exports and Imports

India exports

• Petroleum products• Machinery• Iron and steel• Chemicals• Vehicles• Apparel

India’s export partners

India Imports

• Precious stones • Fertilizer • Iron and steel • Gold & Silver • Electronic Goods • Machinery other than Electrical • Organic & Inorganic Chemicals • Metalliferous Ores & Products • Coal • Transport Equipment

India’s import partners