THE ECONOMIC REFORMS AND SUSTAINING GROWTH: AN ACCELERATING THE DEVELOPMENT PROCESS

Abstract

Abstract: The economic reforms in India submit to the developments and reforms, launched in 1991, of the nation's economic strategies. The objective of liberalization was to loosen any constraints or rules on trade to allow commerce. It facilitates foreign investment and MNCs to cross economic borders. The paper explores the Privatization, Globalization, and Liberalization. It aimed to promote growth, efficiency, and global integration. It brought major reforms in various sectors, including industry, trade, and finance. India experienced vigorous economic growth over the past few decades, averaging over 6% real GDP growth since 2000. The early phase of economic reforms was mainly intended at liberalizing the Indian economy, reducing government control.