Skip to main content

How Many Growth Models Indian Economy Has been Tried Yet

India is one of the fast growing Economy in the world. Though world faced the bitterness of recession in the past few years, India still maintains its fast developments. To achieve this position India has tried different growth methods.
So far India has tried 3 growth models and they are:

  1. Nehru-Mahalanobis Model of Growth
  2. Gandhian Model of Growth
  3. Rao-Manmohan Model of Growth

1. Nehru-Mahalanobis Model of Growth

Nehru- Mahalanobis Model of Growth was based on the goodness of both socialist and capitalist models but at the end failed to bring expected economic growth due to corrupted politicians and bureaucrats. This model was most criticized by the name of license raj which prevented the entry of new private industries without having an option to obtain permit from corrupted bureaucrats.

2. Gandhian Model of Growth

It was introduced by Janta Government based on the views of Gandhi. However, succeeding congress government chose not to continue this model of economic growth.

3. Rao-Manmohan Model of Growth

In 1991, India adopted Rao-Manmohan Model of Economic Growth which is based on liberal and free-market principles which founded the fast growth of Indian economy.

Article Router

Comments

Post a Comment

Popular posts from this blog

About Web Offset Printing and Its Advantages

The sheer lion's share of business printing for inventories, magazines or books is on an offset printing press. There are numerous motivations to use web offset printing versus sheet encouraged and here are some for your thought as the advantages are numerous:

List Of Common Flowers in Kerala With Pictures

Kerala is one of the famous tourist spot situated on the south of India famous for its numerous wild life and thick vegetation. Like the Himalayan ranges on the north of India,

Home Buying Tips For Women In Real Estate Business

Although real estate has been a booming sector for some time in our country, still it has largely been a male bastion. Usually it’s the male of the house, whether its father or brothers, who make financial decisions and that includes a decision to buy a house.

Building Blocks for Virtual Businesses : Key technological systems you must have to succeed in the remote business world

This is a guest post by Ripley Daniels about "Key technological systems you must have to succeed in the remote business world.

Whenever I tell friends I had a tough day at the office, they laugh at me. That's because they know I don't really have an office. I work very hard but I work for a company that is completely remote. Only a few of my co-workers ever go into an office at all and when they do, it's only for short periods of time. Our "office" is a virtual one. To us, the traditional office workplace is a thing of the past, alongside Tyrannosaurus Rex, the slide rule, and telephones where you stick your finger in a hole and turn a dial.
Unfortunately, none of this prevents me from having tough days. I still have them. But the reasons have nothing to do with the fact that my co-workers and I don't have a brick and mortar edifice that we can use to plan, strategize, hold our meetings, make presentations, discuss sensitive business topics, build relatio…

Archive

Show more