The 43 Year US Dollar Index can be had from this website/link:-
It was 131 in 1981 and about 84 in 1995 and 2008.
India’s average economic growth between 1970 and 1980 has been 4.4%, which rose by 1 percentage point to 5.4% between the 1990 and 2000
In the 1970s India's Rupee was 7 to 8 to the US Dollar.In the 1990s
Now wih the Rupee at 71+ to the US Dollar the growth is about 8.2%.
Extrapolating,or rather back tracking the growth for the 1980s should be [ignoring about 10% variation in the US Dollar,both in 1995 and huge variation after the QE in 2008/2009],,[4.4 multiplied by 72]/8 = 39.4%
For 1990-2000,it should be [5.4 multiplied by 72]/38,the numbers 96 US Dollar Index [same as on 19th November,2018]and 38 Rupee to US Dollar both averages for the period,10.23%
So the so-called "Hindu Rate Of growth" BEFORE the so-called Liberalization,was higher.
It was 131 in 1981 and about 84 in 1995 and 2008.
India’s average economic growth between 1970 and 1980 has been 4.4%, which rose by 1 percentage point to 5.4% between the 1990 and 2000
In the 1970s India's Rupee was 7 to 8 to the US Dollar.In the 1990s
Now wih the Rupee at 71+ to the US Dollar the growth is about 8.2%.
Extrapolating,or rather back tracking the growth for the 1980s should be [ignoring about 10% variation in the US Dollar,both in 1995 and huge variation after the QE in 2008/2009],,[4.4 multiplied by 72]/8 = 39.4%
For 1990-2000,it should be [5.4 multiplied by 72]/38,the numbers 96 US Dollar Index [same as on 19th November,2018]and 38 Rupee to US Dollar both averages for the period,10.23%
So the so-called "Hindu Rate Of growth" BEFORE the so-called Liberalization,was higher.
