Culture Sustains the Hindu Rate of Growth in India

摘要

Will culture hold India back? Surendra Kaushik vehemently says no. It will reinforce economic growth, not undermine it The c:oncluding asskssmknt in my article "India's Democratic Economic Transformation," which appeared in the September-October 1996 issue of Challenge, stated: "The foundation laid in the past fifty years is poised to produce sustainable rates of 5 to 6 percent growth in real GDP for the foreseeable future. India's future is promising." Factually, this is true, as from 1950-51 to 2012-13 the economy grew at about 5 percent a year.