After twenty years of reform, areas that still need attention are nfrastructure, labour reforms, land acquisition, environment clearances, an integrated domestic market and a second green revolution. We are presently celebrating 20 years of economic reforms. It is time for us to review how far we have progressed and the way forward. After two decades of gradual but slow economic reforms, the Indian economy has come a long way, and is now destined to be the world’s third largest economy in the next two decades. From a state of prolonged slow rate of growth we have achieved a steady state of sustainable high growth; from a low-income economy to a fast- moving emerging market economy.