2011 | OriginalPaper | Buchkapitel
India
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India has always been considered the poor cousin of China. In the 1980s, the Indian economy bumped along with a per annum growth rate below 4%. This slow economic growth led many forecasters, investors, and economists to deride India, and they assumed that its problems were due to cultural factors. Critics claimed India was stuck with a “Hindu growth rate” as if culture was related to economics.