Post-Independence period Timeline of the economy of the Indian subcontinent
1 post-independence period
1.1 nehruvian era
1.2 1980–1991
1.3 1991–present
post-independence period
nehruvian era
1952
india s economy had 3.8% share of world income.
1973
india s economy $494.8 billion, accounted 3.1% share of world income.
1980–1991
economically closed.
1991–present
1991
economic liberalisation initiated indian prime minister p. v. narasimha rao , finance minister manmohan singh in response macroeconomic crisis.
2010
india s economy $4.002 trillion (purchasing power parity) accounts 6.3% share of world income, fourth largest in world in terms of real gdp.
2012
india s economy $4.825 trillion (purchasing power parity), third largest in world in terms of real gdp.
2014
india s economy $7.376 trillion (purchasing power parity), third largest in world in terms of real gdp.
^ cite error: named reference oecd publishing invoked never defined (see page).
^ timeline: india . bbc news. 2011-02-22. retrieved 2011-03-06.
^ indian economy in next decade . forbes.com. retrieved 2011-03-06.
^ report selected countries , subjects . retrieved 2013-01-24.
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