Reforms need to reach the needy - The Hindu

Reforms need to reach the needy - The Hindu

My VIEW:

Very informative and timely analysis, as the content may help GOI in deciding priorities in the Budget for 2016-17. The following comparisons(quoted from the article) are of academic interest only, as the growth rate during last century may not be amenable to realistic comparison with that of post-reform era for various reasons including higher level of inflation during the last 10 to 15 years:

"What has been the record of India in terms of economic growth and social development in the post-liberalisation period? In the post reform period beginning 1992-93, the economy has grown at an average rate of 6.8 per cent. In the more recent period, the growth rate has been even higher. Over the decade beginning 2004-05, the average annual growth rate has been 7.6 per cent. Between 2005-06 and 2010-11, the growth rate was 8.7 per cent. Contrast this with the annual growth rate of 3.5 per cent between 1952 and 1980."

M G Warrier, Mumbai

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