Growth of the Indian Economy between 1947 and 1990
In this chapter the growth of the Indian economy since independence has been analyzed. It provides an account of India’s economic development, its achievements, shortfalls, and future challenges. The economic policies and the politics behind the transformation of the Indian economy have been used as a backdrop. “India’s economic journey from an impoverished country to an emerging global economy is an inspiring example for many developing nations. In order to understand India’s economic voyage, it is essential to shed some light on India’s political and economic history. After 200 years of British rule, India became an independent, sovereign nation in 1947. This newly born nation faced ...
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