Impact of economic reforms on sustainable development in India

Economic reforms have an important impact on Indian economy. There are many changes in Indian economy, after adopted the policy of economic reforms. Developed nations show their interest in Indian market and try to invest in Indian economy to achieve profit and for extend their market. Therefore Indian economy comes on track which loose in decade of 1980’s. Liberalization, Privatization and Globalization came in behaviour after the economic reforms. Foreign investors started the investment in many sectors. Many of the public enterprise's power transfer to private sector. Indian economy opened for all investors and MNC's. The government has also taken some other measures in this direction. As for instance, extension of reforms to the states, amendment of labour laws to be on par with other countries. This may, strengthening of legal system by eliminating outdated laws, simplifying of legal procedures, bringing clarity in language of cases or rules and thus, remove any scope for misinterpretation. This paper discusses the impact of economic reforms in India.