words per minute
9
Rahul1062014
00:00
Speed
The Economic Reforms of deregulation and liberalization in India began in 1991. Since then there has been noticeable fundamental and irreversible changes in the economy, government policies, outlook of business and industry and in the mindset of Indians in general. From a deficit economy of goods and foreign exchange, India has now become a surplus one from an agro based economy, it has emerged as service oriented one. It is now gradually developing as knowledge based New Economic Super power. Finally Indian companies have become globally competitive and Brand India is getting global recognition. These positive changes have given more confidence to the government to introduce further reforms and liberalization. With this, the Indian economy has entered the second phase of reforms which began in 1991. After sixty four years of independence, if we scale the performance of India against other countries of the world, especially with those in Asia, we note that though a lot has been achieved, yet we need to do a lot more. We need to learn from our past follies and frame our future strategies accordingly. India has achieved many milestones, yet not enough has been done to eradicate poverty, illiteracy and other vital issues. In spite of the outstanding quality of our human capital, which is responsible for running many organizations in various fields of manufacturing, trading and services all across the globe, we have not been able to set the standard our internal market as per the world standards. We often fail to use the best effective human capital for running the country, both for public as well as private sectors. This heeds serious thinking. Our own people excel outside the country in various sectors but we fail to optimally use the best talent of the nation for the growth of our own economy.