From Sensex to exports, how much have we scaled our economy in 30 years

Major economic reforms in the early 1990s changed the face of the Indian economy

The Indian economy has come a long way from the day that happened to be the one that set it on acceleration.

The day was July 24, 1991. The changes in industria­lisation and trade policies that began in the early 1990s brought a sort of a scaling factor to parts of the economy, as the government became more conscious about being a facilitator to the private sector over time. 

 

GDP: 5.4x

The real size of India’s economy is more than five times it was back in 1991. India became a services sector-based economy in this