Which of the following statements is true?
Statement 1 - Till the 1980s, India had a very low growth rate whereas, China and Pakistans's economy was growing with flying colours.
Statement 2 - After independence, Pakistan adopted strategies which included creating a large public sector and raising public expenditure on social development.
Answer & explanation
Correct answer: option 2
Till the 1980s, all the three countries had similar growth rates and per capita incomes. The level of growth rate in respective nations changed when they adopted economic reforms. India adopted reforms in 1991, China in 1978 and Pakistan in 1988.