As a policy needs sometime to put its effect on the lower level of the economy so is true about the liberalization process. Once when it started in the year 1991 immediately it pushed forward the economy as private & foreign investors initiated to invest money in different sectors and companies of importance in India to get benefit out of it. By the economic's process at the same time government should have invested in new sectors and companies to make a balance of power but government did not paid enough attention to that.
The process came in full swing after 2004 when the economy slowed down to such an extent where again fresh investments were required but this time government had not a single sector or company of importance to divest. Government started to strengthen the basic economy by investing in MGNREGA to bring forward some fresh companies & entities to reinvigorate the economy. But to no avail.
Two terms of the Congress government could not yield much out of this effect of liberalization process and at the end of the term commodities prices were sky high as private investors were minting the money invested in the economy.
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