The state and pace of India's development show many troubling signs. In the 1990s, there was a dream, which seems to be tantalizingly within reach - the dream of becoming a fast growing economy, so that poverty could be wiped out. However, this dreams remains elusive. The excitement and optimism generated by the economic reforms have abated. The ability of policy makers to obtain radical changes greatly diminished and the progress of reform have been blocked. Industrial growth has decelerated. Export growth fell. Infrastructure bottlenecks persist. Poverty, illiteracy and ill-health still remain major problems. The political instability has not provided atmosphere conducive to domestic and foreign investment.
