Economic Foundations

Indo-Pak Economy before 1947

1. Agriculture
2. Industrial
3. Urbanization
4. Cottage industry
5. Transportations (railways, air,
sea and river)
6. Import/Export
7. Custom duties
8. Proper Taxation System
9. Feudalism

In short, India had a sort of self economic

system with sufficient economic life.
 Pakistan’s Economy at the time of
Independence

1. Disturbed agriculture
2. Absence of industry
3. No urbanization
4. No self sufficiency in living standard
5. Mass exodus of refugees from India
6. No proper taxation system
7. A feudal despotic society
8. Very poor economy
9. Political instability

In short, the infant Pakistan had a

complete insufficient economic life.