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Since economic liberalization in the year 1991, and review and renewal of some of the reforms in 2000, India is now slowly progressing towards a free economy. The progressive nature of Indian economy is also seen as the rising tax and revenue every year. The progressive nature of economy can also be seen with the continuous growth in GDP, which was around $480 billion at the turn of the century has risen to $2.3 trillion in the year 2015.