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Well for one thing the 5.5% average GDP growth rate is the 1979-2001 average, it is the only one that gives you this average
1980-1991 when Indira deregulated organized sector= 5.8% average and a quadripalling of productivity
1992-2005-6.5%
New trend rate of growth= 7%
Investment rate= 28%
Incremental Capital Output ratio= 3.9
Harrod Domar model projected short term growth potential= 7%
GDP official CSo figure in real terms with 1993 constant prices 700B
GDP at current prices 820B
GDP adjusted for PPP multiply by a good 5.9
result
India is the world's fourth largest economy in PPP terms and will overtake Japan at number 3 spot by 2017 or earlier.
India will spend 6% of GDP on education by the next five year plan. (Business Week Aug 27th 2005 issue)
balle balle but much more can be done.
Last edited by Sameer : 10-28-2005 at 18:22 PM.
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