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Here, we will study 2 things:
- GDP
- Growth in GDP
GDP
It means gross value of Goods and Service produced in country
GDP Growth
Increase in GDP Compared to previous year in %
Question 1
Which Country has highest GDP - India, Pakistan or China
Ans China has the highest GDP followed by India and Pakistan
GDP in Trillions Remarks
China 22.5 (It is Second Highest GDP in world after USA)
India 9.03 (India's GDP is less, it is Around 41% of China GDP)
Pakistan 0.94 (Pakistan's GDP is very less, it is Around 11% of India GDP)
Question 2
Compare the Growth of GDP of 3 nations
| 1980-90 | 2015-17 | |
| India | 5.70% | 7.30% |
| China | 10.30% | 6.80% |
| Pakistan | 6.30% | 5.30% |
During 1980-90
China' GDP was growing at tremendous rate (Around 10%)
Pakistan's GDP Growth Rate was better than India's (6.3% of Pakistan compared to 5.7% of India)
During 2015-17
India is GDP grew at fastest Rate of 7.3%
China's growth rate declined to 6.8%
Pakistan was at third position at 5.3%
Summary
During Initial years of Reforms in China
GDP Growth Rate was fast
Now GDP Growth rate has declined
India's GDP Growth Rate was slowest in 1980-90 at 5.7%
It improved after reforms of 1991 and is currently growing fastest among 3 nations
Pakistan's GDP growth rate was earlier better than India in 1980's
Now it has suffered decline due to policial instability in Pakistan
NCERT Questions
Question 16
Comment on the growth rate trends witnessed in China and India in the last two decades.
View Answer| Country | 1980-90 | 2015-17 |
| China | 10.30% | 6.80% |
| India | 5.70% | 7.30% |
1. During the 1980s, China was having double digit growth of 10.3%, while India's growth rate was 5.7%
2. During 2015-2017, China's growth rate fell down to 6.8% while India's growth rate increased to 7.3%
Other Books
Question 1
What is GDP?
What is GDP Growth Rate?
View AnswerValue of Goods and Service Produced in 1 year in the country is called GDP.
Increase in GDP Compared to previous year in % is called GDP Growth rate.
Question 2
Compare the GDP growth rates of China, India and Pakistan in years 1980-90 and 2015-17.
View Answer| Country | 1980-90 | 2015-17 |
| China | 10.30% | 6.80% |
| India | 5.70% | 7.30% |
| Pakistan | 6.30% | 5.30% |
- China's GDP growth rate high in 1980's in double digits at 10.3% and now it has declined to 6.8%
- India's GDP growth was lowest in 1980's at 5.7% and now stands best at 7.3%
- Pakistan's GDP was better than India earlier at 6.3% and now has declined due to Political instability at 5.3%
