Economic reforms in India

Economic reforms in India refer to policy changes made starting in 1991 to boost growth, efficiency, and global integration. These reforms included reducing government control over industries, encouraging private and foreign investment, liberalizing trade policies, and modernizing financial systems. The goal was to make India more competitive internationally, improve infrastructure, and increase employment opportunities. These measures shifted India from a closed, regulated economy to a more open and market-driven one, fueling rapid economic growth and development over the past decades.