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If we analyses the various economic outcomes for selected Asian countries, we find that many of them witnessed initial ‘take offs’ from low economic growth into periods of high growth. If this year for China was 1967, what could be the possible take off year for India as sometimes suggested by the Economic Surveys?
1975
1980
1991
2007
Based on IMF data (2006) the dates are 1979, 1973, and 1967 for China, Indonesia, and Korea respectively. For India, taking the year of takeoff as 1991, when major economic reforms began, the following narrative is clear as given below:
By: Pradeep Kumar ProfileResourcesReport error
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