In 1980s, Pakistan was richer than India. What happened?

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You might have seen our recent video on the Pakistani economy. In the video, we discussed the various reasons that for the crisis in Pakistani economy. India, on the other hand, is doing much despite the stresses of Covid. But you might be surprised to know that there was a time when Pakistan had a better economy than India, with Pakistan’s GDP per capita significantly higher than India in the early 1980s. Today, however, India has far outpaced Pakistan’s growth. How has that happened? As we’ll see in this video, it’s a fascinating assortment of reasons, all of which we have discussed in detail.

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Sources: https://docs.google.com/document/d/1vcapN4G5J9J2FIS-St-bVFrE_OgaVUJmEyE4GaO26yo/edit?usp=sharing

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Markers

00:00 Introduction
01:58 New Nations, New Dreams
03:40 What was Happening in Pakistan?
04:23 A) Agricultural and Industrial Growth
06:10 B) Foreign Aid
07:05 India's Model
08:09 What Changed? 1) Bangladesh Liberation
12:02 2) Political and Security Risks
14:27 Military control and elite capture
15:28 3) Liberalization of India's Economy
17:00 Conclusion

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