Article Type

Article

Description

Pakistan and India both achieved independence in 1947. At that time there was a great deal of skepticism about Pakistan’s economic future. India was much advanced on all indicators of economic sustenance, resource endowment, potential output and growth. LIFE magazine of January 5, 1948 had predicted almost an economic collapse of Pakistan. From such a shaky start Pakistan today is 34th largest economy in the world with per capita income in US $ 1050. India is 10th largest economy in the world with per capita income of about US dollars 1100. How have the two countries fared economically between 1947-2007?

Publication Source

South Asia Magazine

Publication Date

8-2010

Pages

1-7

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