Abstract :
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.
Keyword :
Arms race, Economic growth, Social development.