Economy, asked by javedakhtar7662, 1 year ago

Comparative study of development of india pakistan and china

Answers

Answered by VarshithaAnanthula
12
India, China, Pakistan have many similarities in their development strategies which are as follows
(i) India, Pakistan and China have started towards their developmental path at the same time. India and Pakistan became independent nations in 1947. While Peoples Republic of China was established in 1949.
(ii) All the three countries had started planning their development strategies in similar ways. India announced its Five Year Plan in 1951-56, while ’ Pakistan announced its first Five Year Plan in 1956, which is called Medium Term plan. China announced its First Five Year Plan in 1953.
(iii) India and Pakistan adopted similar strategies such as creating a large public sector and raising public expenditure on social development.
(iv) Till the 1980s, all the three countries had similar growth rates and per capita incomes.
(v) Economic reforms took place in all the three countries. Reforms started in India in 1991, in China in 1978 and in Pakistan in 1988.
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