1. Role of Public Policies and Public Institutions in Market Economy Dr. Tarun Das, Eco. Adviser, MOF

9. 2. Public Policies and Public Institutions

19. 3 . Impact of Reforms

22. 3.2 India moved on a higher growth path (Real GDP growth rate in per cent)

23. 3.3 Sectoral growth rates and shares in GDP (%) 6.4 5.5 GDP 8.4 6.5 Services 6.6 7.2 Industry 2.7 3.1 Agriculture Share in GDP 2004-05 Share in GDP 1990-91 GR 1992-2005 GR 1980-1990 Sectors

24. 3.4 Employment growth rates and shares in India (%) 100 100 1.1 2.7 Employ-ment 25.8 21.2 Services 17.5 15.6 Industry 56.7 63.2 0.0 2.2 Agriculture Share in Employ. 1999-00 Share in Employ. 1983 GR 1993-2000 GR 1983-1993 Sectors

25. 3.5 Composition of sectoral GDI (%)

27. 3.7 Improvement in Current Account on External Sector (as % of GDP)

28. 3.8 Substantial increase in Foreign Investment (US$ bln)

29. 3.9 Significant reduction in External Debt Service Ratio (at end March) (% of gross current receipts)

30. 3.10 Significant reduction in External Debt/GDP ratios (at the end March)

31. 3.11 Reduction in Short Term Debt to Total External Debt Ratio (end March)

32. 3.12 Substantial Build-up of Foreign Exchange Reserves (end March)

33. 3.13 Steady Improvement in Import Cover of FER (Number of months) (end March)

34. 3.14 Expenditure on social sectors

35. 3.15 Basic Indicators of Human Development-1

36. 3.16 Basic Indicators of Human Development-2

37. 3.17 Reduction of Poverty

38. 4 Strengths, Challenges and Prospects