In terms of business environment, the impressive growth coupled with the market orientation of the economy has been a bottom-up exercise. This trend is perhaps reflective of a penchant for innovation by the already large and growing entrepreneurial class in India, imbued with professionalism and seeking to be globally competitive.
To conclude, one of the determining factors in India, for moving forward, would be the reforms in governance, that are critical to strengthen State capacity to perform its core functions more effectively and equitably.