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Indian Economy Since 1991 0.1 Group 2

Indian Economy Since 1991 0.1 Group 2

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Published by Vijay Jagwani
indian economic
indian economic

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Published by: Vijay Jagwani on Mar 29, 2013
Copyright:Attribution Non-commercial


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Indian Economic growthsince 1990
-Presented byVijay Jagwani
- Akshay Kriplani
From FY 1980 to FY 1989, the economy grew at an annual rate of 5.5 percent, or 3.3percent on a per capita basis
Industry grew at an annual rate of 6.6 percent and agriculture at a rate of 3.6 percent
A high rate of investment was a major factor in improved economic growth
Investment went from about 19 percent of GDP in the early 1970s to nearly 25percent in the early 1980s
Long-gestating, capital-intensive projects, such as electric power, irrigation, andinfrastructure. Also, delayed completions, cost overruns, and under-use of capacitywere contributing factor to low rate of return on Huge Investments
Economy before 1990
Economy before 1990
Private savings financed most of India's investment until mid-1980
Further growth in private savings was difficult because they were already at quite a
high level
India relied increasingly on borrowing from foreign sources from mid-1980
This led to Balance of payments crisis in 1990
To receive fresh loans and for further economic development the Government had to
agree on economic
pioneered by Dr. Manmohan Singh

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