As we have seen in the previous chapter, every economy has certain areas where administrative measures, when planned and applied properly, can achieve a great deal of success. There also exist certain other issues that require new policies or reorientation of existing policies. Many policies in India, both at the macro and micro levels, have been changed and updated in the wake of the reforms agenda. Some of them have apparently worked, some have not to the same extent, at least till now.

Such an exercise, to be meaningful and useful, has to be done on a continuing basis. There is no question of choosing to stand still at any point or at any time. A government in a democratic country that keeps track of the feedbacks ...

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