Compare Countries: India vs Canada

Economic Comparison

GDP Rankings

In 2023, India ranked as the 7th largest economy globally with a GDP of $27 trillion, while Canada ranked 10th with a GDP of $2.2 trillion. India's economy is significantly larger than Canada's in terms of its total output and size.

GDP per Capita

However, when considering GDP per capita, which measures the average wealth of a country's citizens, Canada has a higher standing. In 2023, Canada's GDP per capita stood at $44,350, significantly higher than India's $1,984, indicating a higher standard of living for Canadians on average.

Socioeconomic Comparison

Population

India has a much larger population than Canada. As of 2023, India's population is estimated at 1.4 billion, while Canada's is around 39 million. This vast difference in population size affects the density, urbanization patterns, and overall sociocultural dynamics of the two countries.

Literacy Rate

Canada has a higher literacy rate compared to India. In 2023, Canada's literacy rate is around 99%, while India's is estimated to be approximately 74%. This difference in literacy levels can impact access to education, employment opportunities, and economic development.

Conclusion

The comparison between Canada and India highlights significant differences in their economic and socioeconomic profiles. While India has a larger overall economy, Canada has a higher GDP per capita and a more literate population. Understanding these differences is crucial for policymakers, businesses, and individuals seeking to engage with these two nations.