The Nehruvian rate of growth
Between 1947 and 1964, CAGR for Japan's GDP per capita was a sizzling 7.9%, for the USSR 4.4% and for India 1.68%
Opinions about Jawaharlal Nehru’s contribution to modern India differ sharply. It’s true that his legacy, for good or for bad, goes far beyond what can be captured by the bare bones of economic analysis. Nevertheless, for a nation steeped in abject poverty, what matters most are economic growth and a better standard of living for its people.