India's transition to more of a market economy has affected its growth by facilitating increased competition, innovation, and productivity. This shift has allowed for greater private sector participation, attracting domestic and foreign investments. As a result, India has experienced higher economic growth rates, expanded trade and exports, and improved standards of living for many of its citizens. The market-oriented reforms have also led to greater efficiency in resource allocation, increased consumer choices, and a more diversified and dynamic economic landscape.
