How India’s Economy Changed in 80 Years | Future IQ

India’s economic story after independence is often reduced to one phrase - the “Hindu Rate of Growth.” But was India really destined for slow growth, or did a series of economic choices gradually lock the country into it? From dams and heavy industry to the License Raj, the 1966 rupee devaluation, bank nationalisation, the Green Revolution and the crises of the 1970s, India’s early economic journey was shaped by a constant tension between self reliance and growth. And perhaps the biggest question is whether the problems of those decades were inevitable or created by the policies meant to solve them. The story becomes even more interesting when India is compared with countries like South Korea and Taiwan and when we reach the surprising shift that eventually set the stage for the 1991 reforms and the rise of Indian IT.