Every one thinks that the economic liberalization in India started
in 1991. but it is partially. the roots of liberalization lies in the early
years of 80's. but india's democratic policies took some time to
implement, while the neighboring country China successfully implemented in
the early 80's with the autocratic govt. we used to get 3-4% of growth rate
before 1980. the scene completely changed after that. the government
of India started to loosening the policies in "license permit raj" by...