Economic reforms refer to policy changes aimed at improving a country's economic performance. They often involve liberalising markets, reducing government intervention, and enhancing competition. In India, significant reforms began in the early 1990s. These changes aimed to stimulate growth and attract foreign investment. The reforms transformed various sectors, leading to increased productivity and economic expansion. They continue to shape India's economic landscape today.
China and India began their post-independence economic journeys with broadly similar developmental challenges, but their trajectories diverged sharply...
