| Question | Briefly discuss the similarities in the development strategies followed by India, China and Pakistan. |
| Chapter | Comparative Development Experiences of India and its Neighbours |
| Class | Class 12 |
| Subject | Economics (Indian Economic Development) |
| Category | Indian Economic Development Class 12 Sandeep Garg Solutions |
Question – Briefly discuss the similarities in the development strategies followed by India, China and Pakistan.
Answer-
Similarities in the development path of all three countries India, China and Pakistan
- All three started development paths at the same time. While India and Pakistan gained independence in 1947. The Republic of China was established in 1949.
- All three countries started planning their development strategies in similar ways. While India announced its first Five Year Plan in 1951, Pakistan announced its first Five Year Plan in 1956 and China announced its first Five Year Plan in 1953.
- All three economies introduced economic reforms. Reforms introduced in India in 1991, in China in 1978 and Pakistan in 1988.
- Initially, all three countries adopted similar strategies such as creating a large public sector and raising public expenditure on social development.
- Until the 1980s, all three countries had similar growth rates and per capita income.
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