Why India’s economy is so much better than Pakistan’s


India and Pakistan inherited the same economic legacy of underinvestment and neglect from Britain when they became independent states after partition on August 15, 1947. Their colonial economies were among the poorest in the world.

For both nations, independence almost immediately led to strong growth and significant gains in education, health care, and other areas of development. But it was Pakistan that saw faster growth rates for the first four decades or so, while India lagged behind.

Something began to change in the 1990s when their roles reversed and India overtook Pakistan to finally become the world’s third largest economy by purchasing power and the “I” in BRICS – an acronym referring to a bloc of five major emerging economies .



Source link