 The volume of exports went up at an annual rate of 2.9% in 1951–1960 to 7.6% in 1971–1980.GDP and GNP grew 3.9 and 4.0% annually between 1950–1951 and 1964–1965.It was a radical break from the British colonial period, but the growth rates were considered anemic at best in comparison to other industrial powers in Europe and East Asia.