Every country imposes taxes on the income of its citizens, production activities and services to run their economy. When the government collects tax, then it uses the same to provide basic facilities such as electricity, water, education, hospital and road etc. to its citizens so that the welfare of the people can be increased.
As of now the size of India Economy has become $2088 billion which tagged it as the 7th largest economy in the whole world. On the other hand, the size of Pakistan's economy is about $273 billion. So, India's GDP is almost 7 times larger than Pakistan's economy.
The Nobel Prize was established as per the wish of Swedish inventor Alfred Nobel in 1895. Since 1901 the Nobel Prize is awarded in the areas of Physics, Chemistry, Literature, Peace, Physiology or Medicine and economics (1968). Till the date 8 Indians have won this Prize. Mr. Ravindra Nath Tagore was the first Indian who received this Prize.
At present, the size of Indian economy has grown more than $ 2 trillion and tagged as the highest growing economy in the world. The richest Indian state is Maharashtra, whose State Gross Domestic Product (SGDP) is $ 380 billion which is equal to Norway’s economy. The second richest Indian state is Tamil Nadu whose SGDP is $ 208 billion which is followed by Karnataka (SGDP $ 190 billion).
South Asian Preferential Trade Agreement (SAPTA- 1993) was envisaged primarily as the first step towards the transition to a South Asian Free Trade Area (SAFTA) leading subsequently towards a Customs Union, Common Market and Economic Union. In 1995, the Sixteenth session of the Council of Ministers (New Delhi, 18-19 December 1995) agreed on the need to strive for the realization of SAFTA. At the12th SAARC Summit (Jan. 4-6, 2004) at Islamabad, the Capital City of Pakistan, SAPTA became SAFTA. ASEAN (1967) is a union of South-East Asian Nations.
BRICS (Brazil, Russia, India and China, South Africa) was initially formulated in 2001 by economist Jim O'Neill, of Goldman Sachs, in a report on growth prospects for the economies of Brazil, Russia, India and China – which together represented a significant share of the world's production and population. In 2006, the four countries initiated a regular informal diplomatic coordination, with annual meetings of Foreign Ministers at the margins of the General Debate of the UN General Assembly (UNGA).
IBSA was Established in June 2003,as a coordinating mechanism amongst three emerging countries(India, Brazil, South Africa), three multi ethnic and multicultural democracies, which are determined to: contribute to the construction of a new international architecture, bring their voice together on global issues, deepen their ties in various areas. Trade between IBSA partners has increased significantly since the Forum's inception and indications are that the target of US$ 25 billion by 2015 will be readily achieved.
The International Bank for Reconstruction and Development (IBRD) was created in 1944 to help Europe rebuild after World War II. Today, IBRD provides loans and other assistance primarily to middle income countries. IBRD is the original World Bank institution. It works closely with the rest of the World Bank Group (IBRD, IDA, IFC, MIGA) to help developing countries reduce poverty, promote economic growth, and build prosperity. IBRD is owned by the governments of its 188 member countries.
This article gives rail usage statistics by country according to the International Union of Railways and other sources.
This list of countries by rail transport network size based on International Union of Railways data ranks countries by length of rail lines worked at end of year.
The list of Countries with more than 5 billion passenger-km.
This is a list of countries by total road network size of both paved and unpaved.
The list of Countries and their Nuclear Power.
The list is based on the Stockholm International Peace Research Institute (SIPRI) Yearbook 2012 which includes a list on the world's top 15 military spenders in 2011, based on current market exchange rates.
This is a list of countries by exports per capita.
This is a list of countries by exports, based on the The World Factbook of the Central Intelligence Agency.
This is a list of countries by external debt owed to nonresidents repayable in internationally accepted currencies, goods, or services.
The list of places by forest area as per Central Intelligence Agency 2011.
The list of countries by natural gas proven reserves based on The World Factbook.
The list of Countries in Asia by Date of formation
The list of all countries and dependent territories by total fertility rate (TFR) as per Central Intelligence Agency.
Foreign-exchange reserves (also called Forex reserves) in a strict sense are only the foreign-currency deposits held by central banks and monetary authorities.
This is a list of countries by electricity consumption, This list of countries by electric energy consumption is mostly based on CIA.
This is a list of countries by coal production in 2011, based mostly on the Statistical Review of World Energy published in 2012 by British Petroleum, ranking nations with coal production larger than 4 millions tonnes.
This a list of countries by proven oil reserves. Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
This is a list of countries by oil production mostly based on Central Intelligence Agency.
This is a list of countries and dependencies ranked by human population density, and measured by the number of human inhabitants per square kilometre or square mile.
The list of the world's sovereign states and their dependent territories by land area.
This article includes three versions of the list of countries by crude birth rate. Crude birth rate refers to the number of births over a given period divided by the person-years lived by the population over that period.