What similar development strategies have India and Pakistan followed for their respective development paths after independence?

Economic model

The correct answer is option 3: Economic model

Economic model: Both India and Pakistan have followed similar economic development strategies, particularly in the early years of their independence. They both adopted a mixed economy model, which involves a combination of public sector enterprises and private sector businesses. Both countries also implemented five-year plans for economic development and prioritized import substitution to promote domestic industries. They have a large public sector. The economic reforms initiated by them were more or less around the same time i.e. India - 1991 and Pakistan - 1988. 

Financial model: While both countries have developed their financial systems, they have not followed identical financial models. India's financial system has evolved differently from Pakistan's, with varying degrees of regulation and liberalization.