Question

What was the approximate GDP growth rate per annum achieved during 1980–2000?

Options

• 4.5% per annum

• 3.5% per annum

• 5.6% per annum

• 6.5% per annum

Answer 1

GDP grew at about 5.6% per annum during 1980–2000, marking a significant acceleration in overall economic performance. This higher growth rate reflected an increase in the production of goods and services after the reforms, compared to just 3.5% in the previous decades.