Mo12
SENIOR MEMBER
- Joined
- May 8, 2011
- Messages
- 2,643
- Reaction score
- -15
I think historically India would've been stuck at 2-3% growth (Hindu rate of GDP growth). What changed (Thank Bhagwan) were two things,
1. Economic Liberalization
2. Back office revolution
Most of Indian industry is geared at serving import-substitution. Growth through exports is not (yet) the Indian mantra. A few cars do not amount to humongous export growth.
So what is bangladesh excuse for its rubbish GDP growth?