Abstract
After a clear shift towards economic liberalization became apparent in national policy in the early 1980s, India started lifting its economic growth rate from the notorious 3% “Hindu growth rate ” to over 6%. Domestically, this rise in per annual growth has helped improve the standard of living of over one billion people, while, globally, providing profitable market opportunities for world manufacturers and investors.
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References
Panagariya, A. (2008). India: The emerging giant. New Delhi: Oxford University Press.
Rodrik, D., & Subramanian, A. (2004). From “hindu growth” to productivity surge: The mystery of the Indian growth transition. NBER Working Paper. No. 10376.
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Nomura, C. (2018). Conclusion. In: The House of Tata Meets the Second Industrial Revolution. Studies in Economic History. Springer, Singapore. https://doi.org/10.1007/978-981-10-8678-6_9
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DOI: https://doi.org/10.1007/978-981-10-8678-6_9
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