Let us Make World Easier to Understand

  I.   Introduction   The economic policy in India can often be dictated by political expediency as political parties indulge in competitive populism in the face of improvements in social indicators such as literacy, infant mortality and the like lagging behind rises in the rate of economic growth.   II.    The Record of Economic Growth in India   By all accounts from the 15 th to the 18 th century India was one of the most prosperous regions of   the world with plentiful supply of highly advanced commercial and industrial techniques (Clydesdale 2007). From 1700, however, Indian GDP per capita started to drop. India’s colonial experience was not unique since most colonies that did not            result in settlements had poor records of economic growth, even stagnation Table shows levels of GDP per capita in the major European colonial powers and some colonies for about...