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Asked by Neha Last Modified
Answer 
Shreyansh Parashar
5 years of teaching experience in commerce. A student of Chartered Accountants of India.
India and Pakistan have followed many similar strategies in their respective development plans
(i) India and Pakistan both started their development process on economic planning after getting independence in 1947.
(ii) Both of them have adopted the mixed economic system involving the co-existence of both the public and the private sector.
(iii) Both the countries relied more on the public sector for initiating the process of growth and development.
(iv) Both of them introduced economic reforms around the same time to strengthen their economies. Pakistan initiated reforms in 1988 and India followed in 1991.
(v) They both have announced First Five Year Plans for growth and development.
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