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If we consider internal and external factor in the economic history of India. From internal economic factor, India today is a economic power house because of the vision of our leaders. At the time (just after independence) when private sector didn’t had capital it was sensible to have Public companies with technology tie- up with the developed nations of the world. Also it was not by chance that we have today so many world class engineers, it was by design that India invested a huge proportion of education fund to prestigious higher education institutes. From the external factor perspective, huge number of Indian staying abroad and ever increasing headcount every year helped Indian government to mitigate the pressures Click here to Read more