This graph indicates the yearly percentage GDP rise since 1991, when India adopted free market principles aimed at liberalizing its economy. A growing middle class consumer population and increased educational standards have both helped to contribute yearly GDP rises that dwarf those of many western countries. The graph ranges from the lowest growth rate of 1.06 per cent in 1991 to a staggering 9.82 per cent rise in 2007 and then 9.72 in 2010. What is noticeable is the sharp drop between 2007 and 2008 — the time of the global credit crunch — but perhaps more striking is the dramatic bounce back in the following year.
GDP growth (annual %), India from Timetric
Content from our partners
Related
