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Growth Performance

In: Revisiting Regional Growth Dynamics in India in the Post Economic Reforms Period

Author

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  • Biswa Swarup Misra

    (Xavier Institute of Management)

Abstract

India achieved higher growth rates after embracing economic reforms in the early 1990s. In the initial years after economic reforms, the growth rate of the Indian economy averaged 6.5 per cent between 1993–94 and 1996–97. This growth rate was a stark contrast to the negative growth witnessed in the crisis year of 1991–92. Beginning with the year 2003–4, it was widely believed that the Indian economy had entered a new growth trajectory. The average growth rate during 2000–3, at 4.7 per cent, had significantly increased to 9 per cent during 2004–8. The surge in investment rate from 25 per cent in 2002–3 to 33.8 per cent in 2006–7 provided credence to the new growth trajectory (GoI, 2008).

Suggested Citation

  • Biswa Swarup Misra, 2013. "Growth Performance," Palgrave Macmillan Books, in: Revisiting Regional Growth Dynamics in India in the Post Economic Reforms Period, chapter 3, pages 27-80, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-30368-4_3
    DOI: 10.1057/9781137303684_3
    as

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