Question

“Pakistan was maintaining a healthy economic growth momentum of 6.3% till 1990s, however it lost its track of economic growth falling to 5.3% between 2015-17.”

Do you agree with the given statement? Justify your answer with valid arguments.

Answer 1

Yes. Pakistan maintained a healthy growth rate till 1990s owing to the introduction of various policies such as the Green Revolution and import substitution-based industrialisation.

However, later it faced a slowdown to the magnitude of 5.3% between 2015 and 2017 due to several interconnected factors such as agricultural growth and food supply, which were largely dependent on favourable harvests rather than a systematic process of technological advancement. Moreover, political instability, excessive reliance on remittances, and dependence on foreign aid significantly hindered Pakistan’s economic progress.