The Indian development experiences of the last few decades, particularly in the context of globalization and liberalization, the reveals that "greater was the degree of governmental control and the wider was the magnitude of bureaucratic regulations, the slower was the peace of economic growth and the narrower was the scope of economic development." It shows that the economic reforms carried out in india give a mixed account of positive as well as negitive impacts. The positive impacts include revival of the growth process and achiveing a higher growth in employment and a stedy improvement in the balance of payment situation.
