The Indian Economy in 21th Century : Prospects & Challenges before some Industries

Over the years the Indian government has taken an economic approach that has been influenced, in part, by the socialist movements. The Indian national government has maintained a high and authoritative level of control over certain areas of the Indian economy like the participation of the private sector, foreign director investment (FBI) and foreign trade. It may be observed that in spite of the tremendous debate about the justification of the privatization of industries owned by the government, the process of privatization has still continued at a steady pace. Adoption of the new economic policies has thrown the Indian industries in to the ocean of competition. Some of the industries have reflected their respective competency and some others have failed.