ation have blamed the slowdown on

worse than 1991. And 'big bang reforms' of the same kind of 1991is not the only solution that India has.
First of all one has to understand that the two situations one in 1991 and other in 2013 are completely different.
insulation, benefits of allowing coal extraction in Goa and Karnataka. Under the supervision of the Supreme Court
the coal exports can easily fetch India few important foreign exchange.
India should look to make Food Security Bill more rounded. Food Security Bill will make the poor insulated from
rising food inflation. This
in infrastructure have worked in some areas but not in others. The complexity of the problems in this area was
underestimated,

GDP growth rate
Since the economic liberalisation of 1991, India's GDP has been growing at a higher rate.
Year Growth (real) (%)
2000 5.6
2001 6.0
2002 4.3
2003 8.3
2004 6.2
2005 8.4
2006 9.2
2007 9.0
2008 7.4
2009 7.4
2010 10.1
2011 6.8
2012 6.5
2013 4.4

Companies
47 Indian companies were listed in the Forbes Global 2000 ranking for 2009. The 10 leading companies were:

World
Rank
Company Logo Industry
Revenue
(billion $)
Profits
(billion
$)
Assets
(billion $)
Market
Value
(billion
$)
121 Reliance Industries
Oil & Gas
Operations
34.03 4.87 43.61 35.95
150 State Bank of India

Banking 22.63 2.23 255.86 12.75
152
Oil and Natural Gas
Corporation

Oil & Gas
Operations
24.04 4.95 35.35 28.91
207 Indian Oil Corporation

Oil & Gas
Operations
51.66 1.97 33.64 10.20
317 NTPC

Utilities 9.63 1.86 24.58 29.70
329 ICICI Bank

Banking 15.06 0.85 120.61 7.14
463 Tata Steel

Materials 32.77 3.08 31.16 2.46
508 BhartiAirtel
Telecommu
nications
Services
6.73 1.59 12.28 23.63
582
Steel Authority of India
Limited
Materials 9.82 1.89 10.54 6.14
689 Reliance Communications

Telecommu
nications
Services
4.26 1.35 19.31 6.27
Source: Forbes Global, 2000
Conclusion:
Since 1991, there have been number of changes done by different government but for the last 10 years due to the
international scenario and inappropriate policy environment the growth achieved was not upto the mark however,
the new government is giving indications of positive policy changes therefore India inc. is looking forward for
better economic growth and development.

Reference:

EconomicLliberalization in India (n.d.),Retrieved
fromhttp://en.wikipedia.org/wiki/Economic_liberalisation_in_India


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