Question:

I need a chart showing that growth rate of indian economy from 1982 to 2007?

by  |  earlier

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i need a chart showing that growth rate of indian economy from 1982 to 2007

plz i need it urgent.., is there any indian goverment websites..for this chart..

some body have this chart plz mail to this id - donatekid@yahoo.com

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2 ANSWERS


  1. yep, you skipped school and know you need someone else to do your homework.  just google it and find it yourself.


  2. In the late 80s, the government led by Rajiv Gandhi eased restrictions on capacity expansion for incumbents, removed price controls and reduced corporate taxes. While this increased the rate of growth, it also led to high fiscal deficits and a worsening current account. The collapse of the Soviet Union, which was India's major trading partner, and the first Gulf War, which caused a spike in oil prices, caused a major balance-of-payments crisis for India, which found itself facing the prospect of defaulting on its loans. In response, Prime Minister Narasimha Rao along with his finance minister Manmohan Singh initiated the economic liberalisation of 1991. The reforms did away with the Licence Raj (investment, industrial and import licensing) and ended many public monopolies, allowing automatic approval of foreign direct investment in many sectors. Since then, the overall direction of liberalisation has remained the same, irrespective of the ruling party, although no party has tried to take on powerful lobbies such as the trade unions and farmers, or contentious issues such as reforming labour laws and reducing agricultural subsidies.

    Since 1990 India has emerged as one of the wealthiest economies in the developing world; during this period, the economy has grown constantly, but with a few major setbacks. This has been accompanied by increases in life expectancy, literacy rates and food security.

    While the credit rating of India was hit by its nuclear tests in 1998, it has been raised to investment level in 2007.

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