A lot of good points raised by some people, so I thought I would throw my two cents in.
A little background: I grew up in the UK, and have lived here almost all my life. Having said that, I am not a stranger to Pakistan, having visited it for the last 20 years for at least a month each time. Although both sides of my current family reside in Karachi, all my roots are from Bihar (India) with the majority of my grandparents' brothers and sisters still residing there. In fact, my mum's side of the family used to live in a very lavish house with a lot of land surrounding it, as my great-grandmother used to tell me when I was younger.
Back on topic, I strongly feel that Pakistan and India are very similar when it comes to the economy (obviously with India being larger). As
@Freedom said, that there are renowned Indians as CEO of major corporations - I assume he was referring to Google, Microsoft. But let's not forget there are similar Pakistanis in that position (Shahid Khan, Anwar Pervez, Mian Muhammad - to name a few). A lot of people seem to assume that Pakistan is somehow still in the middle ages, but we have everything that is present in the west - although maybe at a greater price or a little scarce (i.e. 4G internet etc.). Pakistan has some great attractions and if there are areas that look like top end London (although there are also ridiculous slums in other areas of the country).
As a country, we have done a great job to move forward despite being pushed back by many nations (I am not referring to India here!!!) and groups. I mean just look at Azad Kashmir, Gilgit-Baltistan and Muree as places of immaculate beauty. I mean we won with CT without playing any decent sides in our own backyard since 2009. We some of the finest textiles manufacturing in the world as well as some of the best and original music in the Southern hemisphere (even the Indian will bow to the likes of Nusrat Fateh Ali, Noor Jehan etc.)
Admittedly, Pakistan has its downsides as well. Religion is taken a little over the top and is trying to be implemented in the law, which I don't agree with. This stupid nationalistic behaviour having to support every action of your economy is a little irritating, and freedom of speech isn't really evident. There is political tension in the country, but which Asian doesn't have that. Although I am not an advocate of the political system here, I am definitely not enjoying what is going on across the border in India.
I am not going to make resounding claims about how India can be improved, as clearly I am not the right guy, but I will say that a lot of people seem to go in to mindset that one entity is far superior to another and in that case I would strongly suggest you take a hard look at some of the facts or reasons.
I am more than happy to argue any of my points discussed above.