Past is just a fine reality: redefining the Indo-Pak history through its economics

The paper revisits India Pakistan relationships in its historical context since 1947, and gives a fresh perspective to the political economy of the region by promoting the idea of how embracing free market economic management policies may have benefited both countries to achieve higher economic dividends recently and thus provided the base for ongoing peace negotiations. The paper also highlights the domestic and international political and economic factors which may have affected India and Pakistan relationships over the years though the study agrees with other research in the same area on the domestic dynamics of hostilities which were initiated since the very independence from the British in 1947 partly due to mistrust between the leadership of both countries. In later years the mistrust and encompassing hostilities were sustained more significantly due to Kashmir dispute which has yet to resolve.