Today, over two decades after India introduced IMF constructed neoliberal economic reform, many Indians are concerned with the evaluation of economic-reforms to find out how the reforms have affected the country's growth, development and ultimately the standard of living of its countrymen. The context in which these reforms may be viewed, is of course, of the era of intensive planning, and high level micro-management, particularly through restrictive production caps. For any economy of India's nature, that being, an underdeveloped, predominantly rural and agrarian economy, would maintain the long term objective of planning not only being to a