what steps taken by the colonial rulers derailed the economic growth of India
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The gloom over economic growth appears to have dissipated a bit after the >new numbers on National Income were released at the end of January 2015. However, there is continued scepticism about the numbers as several analysts feel that they are not in accord with the ground realities. According to the advanced estimates for 2014-15, the growth rate is projected at 7.4 per cent. What are the prospects for 2015-16? We do not have the data for past years reworked on the new base and the new methodology, and without such a time series it becomes hard to forecast. Perhaps, 2015-16 will be a shade better than 2014-15, if all the positive factors mentioned later come together. However, it will fall short of the Budget expectations of eight per cent.
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