Subject(s): India in Economic conditions in 1947- -- Economic history in India. -- Growth and poverty, competition and poverty, unintended consequences and 1990-91 crisis, handling 1990-91 crisis and QRs, tariffs, export subsidies, foreign direct investments -- FDI policy and numbers, FERA, exchange rate changes, convertibility, external sector successes, constitution, constitutional reforms, legal framework of old laws, statutory law reforms, arrears in courts, governance, administrative reform, corruption, health, education and government, government expenses, reforming subsidies, interest rates and interest payments, defense expenditure and pensions, state budgets, public sector undertakings (PSUs), reforming PSUs -- Efficient use of capital, efficient use of labor, school education and state's role, higher education, health and infrastructure, taxes, golden BRIC road