INDIA EVOLVING ECONOMIC-MODEL - A PERSPECTIVE ON ECONOMIC AND FINANCIAL REFORMS

Over the course of the past 50 years, India has developed as a stable economy. Economic policies of the Indian government have guided and sh aped India into a mired economy. Political stability has been a signif icant factor in this process. The United States and European economic and political systems had a significant impact on evolution of India's economic model. Financial and economic reforms since 1991 have accele rated the pace of change toward an open market economy both in its int ernal operations and in its linkages with the global markets. India's economic future is now promising as it moves forward on its unique pat h of economic policy.