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

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,

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:

5 Misconceptions About Cloud Storage Services

Welcome to the cloud! Cloud computing has become a hot topic in IT circles in recent years. Cloud computing is all about keeping your information, data and files on a secure server in a central location, giving you access from a variety of devices.

How to Become an Insurance Broker: Tips & Resources

The insurance niche offers a wide range of opportunities for people who are looking for a dynamic and challenging career. It’s also a wonderful chance to start building your own business and work on your own terms.


Still, before becoming a broker, one needs to follow a specific set of short-term courses and gain experience in working with both insurance companies and customers. There’s also a series of tests to prove you have the necessary knowledge to work in this business.


So, if you are interested in starting a business in the insurance niche, below are some of the most important steps to follow and things you need to know.


Broker vs. Agent
People who are not savvy in this domain don’t exactly differentiate between agent and broker. Still, as someone who is interested in building a career in the world of insurance, it’s important to know which path you want to take.


As such, an agent works and represents only one insurance company and can become an expert on the products they of…

The Dangers of Kids Online

There are many news articles out there that talk about children and the internet. You hear horror stories all the time. But what makes the

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