India is, at last, on the upswing: We may not grow at more than 5% annually, but that’s still good in a slow – Times of India

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Ruchir Sharma is the author of the upcoming ‘10 Rules of Successful Nations’
India marks its 75th birthday no richer relative to the rest of the world than it was at Independence, but very much on the rise.
India started out as the world’s sixth-largest economy, fell to 12th by 1990, and has since staged a comeback – to sixth place. Its average income was 18% of the world average after Independence, but that figure also fell until the early 1990s before climbing back up – to around 18% today.
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