Abstract :
India, from being gripped by a “license and permit raj” has moved towards a more open economy since the 1990s. From that time, the country has experienced sustained high economic growth: a phenomenal leap to 8 per cent from its 2 per cent “Hindu rate of economic growth”. A shift to neoliberal economic policy and greater privatization and deregulation/free trade has integrated her into the global economy and pushed her closer to a higher level of global market competition with the most sophisticated of value-added goods and services of advanced economies.
