Indian economic and its challenges
As we know on the eve of independence Indian economy was totally stagnant and backward. The targeted exploitation across all sectors by the British government was so deep rooted that after independence Indian economy required a big push of investment supported by direct participation of the government in the process of growth and development. That is why five years plan was launched in 1951 to reconstruct the Indian economy. Due to different reforms in all sectors during different five vears plan between 1950 to 1990, Indian economy achieved much and more of its goals/objectives, But all were just a significant, not sufficient. Battling the economic crises of 90's, Government of India made a series of economic reforms in 1991 named New Economic Policy (NEP). Since 1991, the Indian economy has pursued free market liberalisation, greater openness in trade and increase investment in infrastructure. This helped the Indian economy to achieve a rapid rate of economic growth and develop...