RISING SUN
SENIOR MEMBER
- Joined
- Jun 1, 2012
- Messages
- 4,015
- Reaction score
- 0
- Country
- Location
Yes it's true that we didn't move faster because of two reasons. First we had economic crisis just like other parts of world. Our growth rate came down badly to 4 to 5 %. Second our rupee had fallen against dollar which China didn't face. So we faced double issues together. So yes our gdp went up slightly only in nominal data.. But still it went from 1.75 to 2.02 trillion dollars on nominal figures. Plus we had unstable government here that added to our woes. Thank you.Can't believe India‘s GDP is still where it was in 2007 or 2008 before the financial crisis。
Is India taking a page from Japan's book and trying its level best to have a lost-decade?