status of the consumers of India before
1980s
Answers
customer before was not intilligent at all he has not required information while buying any product as now so chances of chetting was more in that time
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Answer:
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Explanation:
The 73 years after India got its independence can be broadly sliced into three phases: The three decades post-1947 till the 70s was when Jawaharlal Nehru and, then, his daughter Indira Gandhi went about the task of institution and nation-building. The 80s was arguably a lost decade, with Indira pursuing her gambits of nationalising banks and loan melas when she should have been ushering economic reform and deregulation. That eventually came in the 90s when the country’s coffers had dried up. The last three decades have transformed India, made a fraction of Indians richer, but poverty and inequality are still fetters in the eighth decade after India became a free country. Forbes India dives deep into these three phases of freedom
Few people realise how dramatically the 1980s transformed India. It was accidental, true. But the change was cataclysmic, with tremors shaking the very foundations of India’s banking system and the entire economy.
To understand this, one must bear in mind a famous saying of communication guru Marshall McLuhan, that when you change just the medium of communication—not even the message—you could change the way people think. You change societies. And sometimes you change governments. What changed India was the adoption of a new medium, a new yardstick in politics, and a shameless recourse to public money. But more on this a bit later.
Go back into history. When India got its independence, the growth rate of India’s population and its economy were almost the same. By the 1950s, GDP growth swelled to 3 percent while population remained at 2.5 percent. The low GDP growth even made the famous economist PR Bramhananda remark that India suffered from a Hindu rate of growth