In testimony before the U.S. House of Representatives Committee on Ways and Means Trade Subcommittee, Stephen Ezell stated that India’s robust economic growth over the past two decades, including its development of a world-class information and communications technology (ICT) software and services industry, has largely arisen from its decision in the early 1990s to abandon the restrictive economic and trade policies that characterized the Indian economy of the 1970s and 1980s and instead embrace core tenets of free markets, open and non-discriminatory trade, and openness to flows of goods, people, technology, and capital.
has largely arisen from its decision in the early 1990s to abandon the restrictive economic and trade policies that characterized the Indian economy of the 1970s and 1980s and instead embrace core tenets of free markets, open and non-discriminatory trade, and openness to flows of goods, people, technology, and capital
