Chapter 2

1 ‘Push for Power Reforms’, Tribune News Service, 26 February 2005,

2 ‘Sectoral Real Growth Rates of GDP (at factor cost)’, Economic Survey, 2004-05, Government of India, General Review, p. 3.

3 Planning Commission, 2007.

4 Shankar Acharya, ‘Governance and Health’, Business Standard, 30 August 2007. Article available on this link-

5 Jean Drèze and Amartya Sen, ‘India and China’ in India: Economic Development and Social Opportunity, New Delhi: Oxford University Press, 1995.

6 Calculated using CAGR formula A = P{(1 + R)ΛN}.

7 Source: Ministry of Finance, Economic & Functional Classification of the Central Government Budget—various issues.

8 Source: ...

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