Sustainable development the effect of present form of reformation

The wave of globalization appeared on India's shores only in 1991, much after China's and some other South-east Asian countries such as Malaysia, Singapore and Hong Kong. Moreover the intensity of opening country's borders is much higher in other countries than in India where democratic political forces delay decision making significantly. Nonetheless the Indian economy has broken the shackles of protectionism with great vigor which has led to some positive developments. In economic terms, one can undoubtedly prove that there are benefits realized and the Indian economy is on a smooth sail partly because of the gains from trade. Of course any economy's real growth appears only with increased total factor productivity, greater and better use of her resources and public policy that understands and protects the private sector's interest. India still has a long way to go but major benefits already accrued are commendable.