Describe briefly the development strategy adopted …

Like the development path of India, Pakistan also followed the import substitution strategy. This was achieved through tariff and other trade barriers that restricted foreign competition. The motive was to make foreign products expensive relative to domestic ones, thereby giving a thrust to domestic industries.

Pakistan follows a mixed economy system, where the public and private sectors co-exist. The green revolution was aimed to increase domestic food grain production in Pakistan. Until the 1970s, domestic industries were given priority. In the 1980s, importance was given to the private sector. New investment was invited and the economy opened up to the rest of the world.

Both India and Pakistan have benefited from a mixed economic system, in that they have been able to maintain high economic growth rates despite high rates of growth of population. The countries have been able to develop a service sector and have used technology increasingly in their production processes. Poverty remains to plague their economies, however. Unemployment is a major concern in India and Pakistan, as the working population is on the rise and commensurate jobs are less in number.