"During the fifty years after independence and before onset of the new millennium, there have been 5 instances of double digit GDP growth – twice in the nineteen-fifties (1950 and 1956) and three times in the nineteen-sixties (1962, 1964 and 1967). In all these instances, a double digit growth year, has always been either immediately preceded by, or is followed by, a negative growth year. For instance, real growth of 12.9% in fiscal 1950 was preceded by a -5% real GDP decline in fiscal 1949 and a further -10% fall in fiscal 1948. Similarly, 13% growth in fiscal 1962 was followed by a decline of -6.1% in fiscal 1963. For three decades preceding fiscal 1999/00, there has never been a single event of double digit real GDP growth..."