What's New :
Political Science Optional Foundation 2024 - Batch Starts: 21st February
Law Optional Foundation 2024, Batch Starts: 24th February
Public Administration Optional Foundation 2024, Batch Starts: 22th February
Sociology Optional Foundation 2024, Batch Starts: 22th February
Anthropology Optional Foundation 2024, Batch Starts: 22th February
History Optional Foundation 2024, Batch Starts: 22th February
Geography Foundation 2024, Batch Starts: 22th February

Charting the economic journey ahead

  • Published
    21st Nov, 2022

The article revolves around where the Indian economy will be after 25 years and whether it will be able to achieve the status of a developed nation.

Early strategy:

  • The strategy of State intervention: The State intervention model couldn’t deliver and by the 1970s, the policymakers acknowledged the same. This was also the time China was making big changes.
  • 1991-92 Crisis: Plan after plan, actual growth was less than projected. Despite the green revolution and improvement in literacy rate and life expectancy, India faced its worst crisis.
  • Peak to Bottom: Between 2005-06 and 2010-11, India’s GDP grew by 8.8%. But the growth rate fell to 4.5% in 2012-13 and later touched a low of 3.7% level in 2019-20.
You must be logged in to get greater insights.
X

Verifying, please be patient.

Enquire Now