Economic reforms in India have played a pivotal role in transitioning from a closed economy to a liberalized, market-driven system. Landmark changes began in 1991 with liberalization, privatization, and globalization, reducing red tape and attracting foreign investment. Recent reforms include the implementation of GST, Insolvency and Bankruptcy Code, Make in India, and labor law modernization. These reforms aim to improve ease of doing business, enhance productivity, and stimulate inclusive growth. However, challenges such as inequality, unemployment, and rural distress persist. Strategic policy execution and inclusive planning are essential to realize the full potential of India’s reform agenda.