Table 1 : India’s Real GDP Growth Period 1  Average Annual Coefficient Growth (%) of Variation 2  3  1970s  2.9  1.42  1980s  5.8  0.39  1990s  5.8  0.32  2000-2006  6.4  0.32  6.4  0.24  Memo: 1992-93 to 2005-06  BIS Review 106/2006  1  More recently, real GDP growth has averaged more than 8 per cent per annum in the three-year period ended 2005-06.
Indeed, detailed data that we use in putting together the industrial production data suggest that the number of new PC models introduced this year has fallen markedly from the pace posted in the preceding few years, suggesting that the pace of innovation, at least in this one market, has slowed.