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Independent India & Pakistan
1947
India has established a strong democracy & strong, diverse economy and is a rising power in Asia!
Pakistan, unfortunately, has NOT established a democracy or a strong, diverse economy. In many ways it is almost like a failed state!!
Pakistan was suppose to be a republic…. but
Military Dictatorships; no real republic/democrat leaders did NOT last long in Pakistan.
.
India closed off it’s economy to most of the
world!
At first, a state owned/ socialist economy was developed & it did help the new Indian government build it’s economy.
As time went on, the Indian government realized that for the BEST growth of an economy you need to trade with the world & allow people to own businesses- Capitalist Economy!
Like China, India “state owned” economy was weak..
In 1984, the prime minister of India begins to “open” the economy to foreign trade and allowing more individual ownership of businesses and economic resources.
New Liberalization Plan-The economy is opened to foreign investments, and more individuals own business and factories such as control of the TV stations.
Now Cable TV with access to western media
Rate of economic growth - 6.8 %
Many problems in at time of Independence- Education.
•Only 10% of population was literate - Less than half went to school.
•Today- 74% literacy rate- investment in education.
Agriculture- government invested in…The Green and White Revolution that made India Self-sufficient in food.
M. Singh & Obama
Today the PM of India is a Sikh, M. Singh.
The economy is growing and the country is rapidly modernizing and industrializing.
India has one of the 4th Largest Economies in the world-just like China, a thriving middle class, some rich and many Indians are still poor