This document discusses India's economic development from 1947 to the present. It notes that India had a growth rate of 4% from 1947 to 1991 under a political monopoly. Economic reforms began in 1991 under PV Narasimha Rao which increased the growth rate. From 1994 to 2004, policies under TDP, UF, and NDA governments further boosted growth. However, from 2004 to the present, issues like poor governance, corruption, and policy paralysis have slowed growth to under 5% again. The document advocates for reforms like administrative, fiscal, and judicial reforms as well as electoral and political reforms to reinvigorate India's economy and development.