discuss the effect of reforms on various sectors of the economy
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Reforms led to increased competition in the sectors like banking, leading to more customer choice and increased efficiency. It has also led to increased investment and growth of private players in these sectors. ... Competition also helped to keep inflation in check.
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Economic reforms have an important impact on Indian economy. ... Liberalization, Privatization and Globalization came in behaviour after the economic reforms. Foreign investors started the investment in many sectors. Many of the Public enterprise's power transfer to private sector.
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