| Abstract: | Abstract Over the course of the past 50 years, India has developed as a stable economy. Economic policies of the Indian government have guided and shaped India into a mixed economy. Political stability has been a significant 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 accelerated the pace of change toward an open market economy both in its internal operations and in its linkages with the global markets. India's economic future is now promising as it moves forward on its unique path of economic policy. |
