The economic reforms have enabled India to access and compete in the international markets. This facilitated the movement of goods and services across the international boundaries.
Further, the increased inflows of foreign capital and investment to India have eliminated the shortage of foreign exchange to finance the imports of sophisticated and advanced technologies to India.
Moreover, the boom in the outsourcing and the service sector led India’s economic growth and GDP to increase by many folds. But on the other side, agriculture that employed a significant proportion of the population, failed to be benefited by these economic reforms.