How did India rise into its present economy?? what is the role of the government to this development?
please cite government policies. ah, pls give me some facts and figures regarding india's economy.. and regarding comparisons with its economy with the past decade.. thanks a lot
Answer:
India used to have a ton of restrictions and some communist leanings. India changed all that in the 1990's, and the economy improved. I've read things like they didn't use currency in trading, and trades had to include Indian products or the trade wouldn't happen. I'm sorta hazy on it, but it was a real assinine system at any rate. There was also a huge beauracracy requiring too much paperwork and seeking bribes.
http://en.wikipedia.org/wiki/economy_of_...
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Answer:
India used to have a ton of restrictions and some communist leanings. India changed all that in the 1990's, and the economy improved. I've read things like they didn't use currency in trading, and trades had to include Indian products or the trade wouldn't happen. I'm sorta hazy on it, but it was a real assinine system at any rate. There was also a huge beauracracy requiring too much paperwork and seeking bribes.
http://en.wikipedia.org/wiki/economy_of_...
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