Updated: June 28, 2023, 11:17 AM IST
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Upon gaining independence in 1947, India and Pakistan… MoreUpon gaining independence in 1947, India and Pakistan faced economic challenges due to underinvestment and neglect from British colonial rule. A turnaround occurred in the 1990s as both countries experienced significant growth, with India overtaking Pakistan to become the world’s third largest economy in terms of purchasing power. The contrast between the stable democracy of India and the political instability of Pakistan played a significant role in their changing economic fortunes.