During the last decade, the Indian economy has undergone a sea change. The government has introduced a number of significant economic reforms measures. Political parties across spectrum have virtually been unanimous to maintain the tenor of reforms and to continue strengthening the same further. The underlying philosophy behind the reforms is to (i) promote domestic de-regulation and trade liberalization; (ii) strengthen privatization; (iii) encourage and motivate FDI;(iv) alter production structure by increasing the role of the markets; and (v) achieve macroeconomic stabilization by reducing fiscal deficits with special emphasis on “ease of doing business in India”.

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