Economic Development in India Dr. D. Adeppa ISBN NO-978-93-88808-01-9
The Economic Development in India
followed
socialist
inspired
politicians for most of its independent history, including
state-ownership of many sectors; India's
per capita income increased at only around 1%
annualised rate
in
the three decades after its independence.
Since
the mid-1980's, India has slowly opened up its markets through
economic
liberalisation.
After more fundamental reforms since 1991 and their renewal in the
2000's, India has progressed towards a free
market economy.
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