Arms Race and Socio-economic Development of South Asia: A Case Study of Armament between India and Pakistan

The South Asia region consists of approximately one-quarter of the world population. The region is plagued with social, economic and political issues like illiteracy, poverty and other conflicts. Particularly its two larger countries India and Pakistan have long history of conflicts and wars. The hostility between India and Pakistan is believed to have led to an arms race between the two countries, which might have contributed to their retarded economic growth. This research explores the impact of arms race on economic growth of these two countries and analyzes how prosperity of the region is depended on Indo-Pak peaceful relations. The study is qualitative in nature .The research concludes that arms race between both countries has deeply affected social and economic development of these countries.&nbsp