Question

Describe the economic growth of India since 1980s

Answer 1

India suffered from low economic development which was 3% per annum but after 1980 it increased to 6% and this change was contributed because of the industrialization and green revolution. 

Answer 2

The rate of growth increased in the 1980s. From Financial Year 1980 to Financial Year 1989, the economy expanded at a yearly rate of 5.5 %, or 3.3 % on a per capita basis. The production grew at a yearly pace of 6.6 % and agriculture at a pace of 3.6 %. A great rate of finance was a significant constituent in increased economic growth. Investment raised from about 19 % of GDP in the early 1970s to approximately 25 % in the early 1980s. India, however, demanded a greater rate of expenditure to accomplish similar commercial growth than did most other low-income originating nations, symbolizing a moderate rate of return on expenditures.