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Pakistan racing to $100 billion.

India tops $800 billion.

Bangladesh $72 billion ( More than i thought)

What was the calculated economic growth rate for Bangladesh for 2005-2006 fiscal?

Bangladesh wil grow by 5.9% this fiscal year......

Not bad at all right on Pakistans tail.......who have reached $100 billion

The government is targetting 6% growth rate for BD for the next fiscal. Though they will probably go past it as the government estimates are alays modest surprisingly.

http://www.urbanbangladesh.com/forum/index.php?showtopic=26
http://www.urbanbangladesh.com/forum/index.php?showtopic=107

Rahul,

IMF knows nothing.

Pakistan’s GDP for 2004-2005 according to Pakistani Economic Survey is USD 110 Billion

India’s GDP for 2004-2005 according to Indian Economic Survey is about USD 625 Billion.

Peace

Im sorry i will stick with IMF figs has these are neutral and based on same accounting system and there fore gives true light of World GDP figs.

Indian GDP was $625 billion at beginning of 2004

We are now in June 2005....... Hence i believe IMF............

nOT SOME INDIAN OR pAKISTANI JORNALIST

Link(s) would be appreciated.

Does this mean budget for IAF can be more than 8 times the budget of PAF?


If so, then, holy shit, PAF is in deep trouble.

Indian Defense budget this year was 2005-2006 is $19 billion cONFIRMED MAY 2005........@ 2.5% Of gdp.

Pakistan was confirmed at 4.5 bilion dollars @ 5% of GDP according world air power magazine Sept - Dec 2004.........

Why doesn't India increase its defence budget to 5 percent of GDP also?

That way, IAF will blast away PAF for sure with Rafales etc.

Whats interesting about the IMF figures is that INDIA ADDS THE TOTAL GDP OF ONE PAKISTAN EVERY YEAR. Year in year out India adds one Pakistan to its economy like clockwork.

Let us stop this India - Pakistan thing for a while.

Both countries are showing good growth. Let us hope that the growth can be sustained.

well i donot have much idea about indian figures but i would like to comment on the pakistani figures. assuming for a moment that imf figures are correct and also assuming that 4.5 billion dollars figure is correct than 4.5 out of 100 is going to be 4.5 percent not 5%. but let me add here that the defence expendeture for the last year was 193 billion .divide this will the exchange rate of 59.3 will be 3.254 billion dollars and that out of 100billion will be 3.254% of gdp.even if we take this years 223 billion it will come to 3.747899 billion and let assume that gdp remains the same(which i know is wrong) even then its 3.75 %, way below 5%.

i know very little about economics but if this is true than lets do the calculation assuming the imf figure of 800 billion in 2004 . one year before ie. 2003 the figure should be 700billion assuming india added 100 billion equlant to pak gdp. now when u jump from 700 to 800 its growth of about 14.3%( i hope i am correct). like i said in my last post that i donot know about indian growth figures but i do know china is showing the best growth in the region and its about 9%.so i guess that indias is a bit below than that. correct me if i am wrong.

PAK GDP is around $125B assuming $736 per capita. IMF report is from April 2005 publication date so data is old. India fiscal year ends in April while Pak ends in June.

and year in year out, india adds tens of millions of hungry and naked bums to its slums who have no jobs because the country is teeming with poverty. and year in year out, india adds hundreds of thousands of AIDS infested indians who have no sense of not to butt fu## each other. by the way, check those numbers. how could india add more than $100 billion to its economy every year. thats impossible. the indian economy grew just slightly 6% this year. learn to do math before you begin typing like a homo.

PakiPower,

Aap Ki Seva Mein :

For Indian Economic Survey : http://www.finmin.nic.in

For Pakistani Economic Survey : http://www.finance.gov.pk

Peace

Cleveriski Claudiski,

TABLE 1.5 : GROSS NATIONAL PRODUCT AT CURRENT FACTOR COST

Item15 : GDP – Market Prices – 2004-2005 : Pakistani Rupees 6,547,590 Million

i.e. Pakistani Rupees 6,547.590 = USD 110 Billion.

I use Pakistani Government Official Figures.

This takes into account all Official Business done in Pakistan and does not include Business done through Back Channel or Back Way or Back Side or Rear Channel or whatever you may call it.

Pakistani Figures – From Pakistani Official Government Channels

Peace

Agigir

According to Bangladesh there economy thru there soucres is over $100 billion too.....

But to get accurate fig we have to use same source ie IMF........IN THIS CASE

Rahul,

As an Indian I am happy with the Indian Government’s Figures from the Indian Economic Survey.

So for the Pakistani and Bangladeshi Figures let us rely on their National Economic Surveys.

After all the proof of the Pudding is in the Eating.

What matter is as to what percentage is being spent on Education, Health etc. also the corresponding National Foreign Exchange Reserves and Foreign Exchange Debt.

Peace

Rahul,

According to the Pakistani Figures the Per Capita Income of Pakistan is USD 736.

According to the Indian Figures the Per Capita Income of India is about USD 580.

In other words Pakistani Per Capita Income is over 25% more than Indian Per Capita Income.

Now compare the Indian Education Facilities, The Number of Ph. Ds qualifying Annually, The Health Facilities, the Number of Doctors and Dentists Qualifying Annually, Volume and Value of Technology Exports etc.

Now you have the answer – The Proof Of The Pudding Is In The Eating.

Peace

according IMF india,s GDP is $814 billion dollars. Population being 1070,million gives a Per capita $760 dollars.

I have already given you the link.

Yes india had a per capia of $580 BUT THAT WAS IN YEAR
2003......

So you out of date by 2 years nearly

Check IMF thats accurate afteral its American.

SO IT MUST BE RIGHT

I'm surprised ppl are so ignorant of basic economics. Those numbers mean nothing until you take into account the population of the country. No one uses GDP in itself as a measure to denote either competition with another country, or even growth from last year. Growth is always caclculated by taking into the GDP divided by population, and then comparing to that number from last year.

According to imf, United arab emirates's GDP was only $64 billion in 2004. Does that mean they're behind india, pak or bangladesh! Ofcourse not, when you divide that over their tiny population, that gives a GDP per capita of $25,200 which brings it in the league of the western super powers.

Its not even economics, its common sense!

Now you make more sense. so we can compare that $760 to pakistan's $640 according to your beloved IMF. Nothing much to differentiate. It depends on how things go in the next 10 years or so for both countries, whether india will continue to progress and whether pakistan will continue its high growth rates; only then can we talk of any gaps, if any, that arise.

No offense, but PAF will maintain a minimum detterent. The IAF budget could be 1 trillion USD for all I care. Just as long as they don't use those planes it will be fine with me and if they do, there will be no more growth ecnomically speaking in neither country because neither country will on the world map (cough cough nuke war). Now, let's stop talking about defense and focus on economics, shall we?

when was the survey done? it is done much before the budget so it is outdated. Pak GDP is between $120 to $125B assuming $736 per capita.
and what has number of PHD to do with economics. they will not reduce congestion in the cities nor decrease the spread of dangerous disease nor control pollution like using gas for both power genertion and cars. at best they can do is source of cheap capital to west.

I don't understand how IMF would know international statistics of a country better then that country itself

I think I will stick to the Economic Surveys done by the countries themselves, rather then what the IMF calculated.

This is from the IMF site itself:

"The survey of prospects and policies is the product of a comprehensive interdepartmental review of world economic developments, which draws primarily on the information IMF staff gathers through its consultations with member countries."

As you can see the IMF has no ability to collect data itself. It gets them from the governments. The reason they are better than official government statistics, especially when comparing, is because there is a much smaller chance of falsified statistics or "creative" accounting.

Cleveriski Claudiski,

I wish we were traveling together in a Boeing 747 Jumbo Jet - at more than 30,000 Feet - in which case I would have advised you to Go outside and play

Whenever statistics are given – even earlier than the period they pertain to – then an educated guess and estimation is made.

It takes at least Six Months to get the finally tuned Figures which may be USD 125 Billion or USD 150 Billion or even USD 105 Billion (The last figure is most unlikely)

As such until the Government of Pakistan gives different figures I will accept the Figure of USD 110 Billion being Pakistan’s GDP for the year 2004-2005.

After all the Pakistani Government know what they are talking about.

You obviously do not.

Since your Innocence of Knowledge is not limited to having no faith in your own Government’s Figures it must be brought to your notice that more and higher educational qualifications are signs of Economic Progress.

I trust you are innocent no more.

Peace

Rahul,

As per IMF the GDP Figure for India in 2004 is USD 661 Billion.

However the Government of India Figure is about USD 625 Billion (Financial Year)

In respect of Pakistan as per IMF the GDP Figure for Pakistan is about USD 83 Billion

However the Government of Pakistan GDP Figure is USD 110 Billion (Financial Year).

Obviously the IMF Figures are Higher in respect of India and Lower in respect of Pakistan.

There must be a good reason for such discrepancy i.e. Why are Government of India Figures Lower than those given by the IMF whereas the Pakistani Government Figures are appreciably higher than those of the IMF.

I for one like to use the “National” Figures.

There is no point in discussing the GDP Figures for 2006 – i.e. India USD 814 Billion and Pakistan 98 Billion – as it is too early for such a discussion.

Peace