Essay --

The above figure shows the annual real GDP growth and per capita GDP growth in India since 1990 til 2011. Mr Ruchir says,†As the poorest of the big emerging markets, with a per capita income of just $1500, India is hardly overachieving; it is always easier to grow fast from a low base. Since the early 1980s, when the government cut back its monopoly on most imports and started easing rules about who could manufacture what and in which quantities, India has finished each decade with an average GDP growth rate about 1 to 2 percentage points faster than the emerging market average. That is unusually consistent but not particularly impressive-its standard for emerging nations in India’s low-income class.† He talks about the decrease in manufacturing jobs in India. But a survey by Morgan Stanley shows this is the case with developed countries as well. On the IMF rankings of nations by rate of inflation, India plunged to 122nd in 2012, from an average ranking of 65 between 1980 and 2010. Sharma says, â€Å"Low inflation has been the hallmark of sustained economic success from Japan in the 1960... Essay -- The above figure shows the annual real GDP growth and per capita GDP growth in India since 1990 til 2011. Mr Ruchir says,†As the poorest of the big emerging markets, with a per capita income of just $1500, India is hardly overachieving; it is always easier to grow fast from a low base. Since the early 1980s, when the government cut back its monopoly on most imports and started easing rules about who could manufacture what and in which quantities, India has finished each decade with an average GDP growth rate about 1 to 2 percentage points faster than the emerging market average. That is unusually consistent but not particularly impressive-its standard for emerging nations in India’s low-income class.† He talks about the decrease in manufacturing jobs in India. But a survey by Morgan Stanley shows this is the case with developed countries as well. On the IMF rankings of nations by rate of inflation, India plunged to 122nd in 2012, from an average ranking of 65 between 1980 and 2010. Sharma says, â€Å"Low inflation has been the hallmark of sustained economic success from Japan in the 1960...