Last three decades of unbridled liberalisation and integration of Indian economy with the vagaries of global finance capital has changed India like never before. The votaries of this LPG (Liberalisation, Privatisation, Globalisation) policy argue that Indian economy became the second-fastest growing economy because of this revolutionary move of the Narasimha Rao government.
Those who placed the derisive tag of ‘Hindu Rate of Growth’ on the Indian economy became happy that India is finally on a high-growth trajectory.
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