Privatization was a key economic reform policy in India that aimed to reduce the role of the public sector in the economy by transferring ownership of state-owned enterprises to the private sector.

Liberalization is the process of reducing government intervention in the economy, including the removal of trade barriers and restrictions on foreign investment.

Deregulation is the process of reducing government regulations and restrictions on businesses, with the aim of making the economy more competitive and efficient.

Liberalization includes the removal of quantitative restrictions on imports and exports, which allows for freer flow of goods and services across borders.

Foreign Direct Investment (FDI) is a policy that aims to attract foreign investment and technology into the country by providing incentives and favorable conditions for foreign investors.

Foreign Direct Investment (FDI) includes allowing foreign companies to establish manufacturing facilities in India, which brings in new technology, expertise, and capital.

Globalization refers to the process of integrating India's economy with the global economy through increased trade, investment, and cultural exchange.

Fiscal Reforms are policies aimed at reducing the fiscal deficit and controlling government spending through measures like tax reforms, expenditure rationalization, and subsidy rationalization.

Subsidy Reforms involve reducing government subsidies and promoting market-based pricing to improve economic efficiency and reduce fiscal burden.

Public Sector Reforms are policies aimed at improving the efficiency and performance of public sector enterprises through measures like restructuring, disinvestment, and performance monitoring.

Infrastructure Reforms involve allowing private companies to participate in infrastructure development and service provision to improve the quality and efficiency of infrastructure.

Financial Sector Reforms are policies aimed at improving the efficiency and competitiveness of the financial sector through measures like deregulation, liberalization, and strengthening of regulatory frameworks.

Banking Sector Reforms involve reducing government control over the banking sector and allowing private banks to operate, promoting competition and improving the efficiency of the banking system.

Capital Market Reforms are policies aimed at improving the efficiency and transparency of the capital market through measures like deregulation, liberalization, and strengthening of regulatory frameworks.

Foreign Institutional Investor (FII) Policy allows foreign institutional investors to invest in Indian stock markets, bringing in foreign capital and diversifying the investor base.