What similar development strategies have India and Pakistan followed for their respective development paths? |
Financial model Religious model Economic model Both 1 and 3 |
Economic model |
Both the countries follow a mixed economic model i.e. socialism + capitalism. Apart from this, both of them initiated their development process on the basis of economic planning after independence. 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. |