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The structural realities of modern India are deeply rooted in its economic history, divided cleanly by the watershed year of 1991. The Pre-1991 Era (The License Raj)

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These figures subtract depreciation (wear and tear of assets) from GDP and GNP, respectively. NNP at factor cost is the truest representation of India's National Income. The 2015 Base Year Revision The structural realities of modern India are deeply

Managed float system where market forces determine the Rupee's value, with occasional RBI intervention. with occasional RBI intervention.