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As a result of structural economic reforms which have been carried out in the previous couple of years, India’s financial development has slowed down, report released by the US administration. In 1950 the Per Capita Personal Earnings was pegged at $1,501.00. By 2006 this rose to about $36,600.00. Although marked by enormous distinction in quantity, it may be famous that $1,501.00 in 1950 may by more goods and services than the $36,600 in 2006 as illustrated by the CPI rates for each years.
The financial …