The average annual GDP growth in the decade of 1950s was 3.6 per cent, in 1960s it was 4.0 per cent, in '80s it was 5.6 per cent and in '90s, excluding crisis year 1991-92, it was 6.3 per cent.
The problem decade was the '70s and the problem year, due to the Gulf crisis, was 1991-92, when the GDP growth rates were 2.9 per cent and 1.4 per cent respectively. In the new millennium, the GDP growth rate accelerated to 6.9 per cent and in the last four years (2003-04 to 2006-07), it averaged 8.6 per cent.