Speaking at the ninth V Narayanan Memorial lecture at Sastra University Srinivas Ramanujan Centre here on Friday, he said the growth rates shot up in 1960-70s and picked up in 1990s.
The reforms are to be carried gradually in large diversified highly democratic country and to bring changes it takes time.

"We have become globally integrated and we can't do for India independently. The problem consists of one third from domestic factors and two-third from global factors," he said.
Ahluwalia further said the global economy was turning around and it will be better in 2014.

“Post election who ever (is) in power, the growth rate will be 7.5-8 percent,” he said.


Latest News  from Business News Desk