| Question | Compare the GDP growth of China, India and Pakistan. |
| Chapter | Comparative Development Experiences of India and its Neighbours |
| Class | Class 12 |
| Subject | Economics (Indian Economic Development) |
| Category | Indian Economic Development Class 12 Sandeep Garg Solutions |
Question – Compare the GDP growth of China, India and Pakistan.
Answer –
GDP (PPP): -GDP refers to the total value of final goods and services produced in the domestic territory of a country during one year. China has the second-largest GDP (PPP) of 7.2 trillion dollars whereas India’s GDP (PPP) is 3,3 trillion dollars and Pakistan’s GDP is roughly about 10% of India’s GDP.
GDP growth rate: -When many developed countries were finding it difficult to maintain a growth rate of even 5%, China was able to maintain near double-digit growth for more than two decades. Until 1980, the economies of India, China and Pakistan were growing slowly about 4% per annum.
(A) There was a marginal rise in China’s growth rate from 10.3% to 10.9%
(B) Pakistan also experienced a marginal rise from 5.3% to 5.8%
(C) Indians experienced a substantial rise from 5.7% to 7.8 %.
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