The Government of India embarked upon reform process of Indian economy after the economic crisis of 1990-91. While the reforms have been gradual but steady in India, the results are commendable. There has been a sustained high growth in GDP during the past two decades. Despite turmoil in the global economy in 2008-2009 in the form of sky rocketing commodity prices, followed by deep recession, India was able to sustain a growth rate of about 7 per cent in 2008-09 and 2009-10 as against 9 to 10 per cent in the preceding three years.
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