Read the following passage carefully and answer the questions given that below:

COMPARITIVE ANALYSIS ON INDIA, CHINA AND PAKISTAN

India, China and Pakistan have travelled more than seven decades of developmental path with varied results. Till the late 1970s, all of them were maintaining the same level of low development. The last three decades have taken these countries to different levels. India, with democratic institutions, performed moderately, but majority of its people still depend on agriculture. India has taken many initiatives to develop the infrastructure and improve the standard of living. Scholars are of the opinion that political instability, over-dependence on remittances and foreign aid along with volatile performance of agriculture sector are the reasons for the slowdown of the Pakistan economy. Yet, last five years, many macroeconomic indicators began showing positive and moderate growth rates reflecting the economic recovery. In China, the lack of political freedom and its implications for human rights are major concerns; yet, in the last four decades, it used the 'market system without losing political commitment' and succeeded in raising the level of growth alongwith alleviation of poverty.

In which of the following economies, there exists right to private property?

India and Pakistan

The correct answer is Option (1) → India and Pakistan

The right to private property is a fundamental feature of democratic and market-based economies. In India, private property is protected under the Constitution, ensuring individuals have the freedom to own and manage property. Similarly, Pakistan allows private property rights as part of its legal and economic framework. However, in China, the right to private property is not absolute. Despite adopting market reforms and allowing private enterprises to some extent, China's communist political system ensures significant state control over property rights. As a result, the right to private property exists only in India and Pakistan .