Over the last two decades or so, the economic transformation that is taking place in different countries across the world, partly because of the process of globalisation, has both short as well as long-term implications for each country, including India. Nations have been primarily trying to adopt various means which will strengthen their own domestic economies. To this effect, they are forming regional and global economic groupings such as the SAARC, European Union, ASEAN, G-8, G-20, BRICS etc. In addition, there is also an increasing eagerness on the parts of various nations to try and understand the developmental processes pursued by their neighbouring nations. In the unfolding process of globalisation, this is particularly considered essential by developing countries as they face competition not only from developed nations but also amongst themselves in the relatively limited economic space enjoyed by the developing world.

There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.

Assertion: India, Pakistan and China have many similarities in their developmental strategies. 
Reasoning: Jawaharlal Nehru had said, “These new and revolutionary changes in Pakistan and India, even though they differ in content, symbolise the new spirit of Asia and new vitality which is finding expression in the countries in Asia.”

Assertion (A) is true but Reasoning (R) is not correct.

The correct answer is option 1: Assertion (A) is true but Reasoning (R) is not correct.

Assertion: India, Pakistan and China have many similarities in their developmental strategies. This is true. All the three nations have started towards their developmental path at the same time. All three countries had started planning their development strategies in similar ways. While India announced its first Five Year Plan for 1951–56, Pakistan announced its first five year plan, now called the Medium Term Development Plan, in 1956. China announced its First Five Year Plan in 1953.

Reasoning: Jawaharlal Nehru had said, “These new and revolutionary changes in Pakistan and India, even though they differ in content, symbolise the new spirit of Asia and new vitality which is finding expression in the countries in Asia.”This is false. Jawaharlal Nehru had said, “These new and revolutionary changes in China and India, even though they differ in content, symbolise the new spirit of Asia and new vitality which is finding expression in the countries in Asia.”