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Since the pro-market reforms were launched, the Indian economy has grown from 5% in the 1980s to around 10% in 2011 before slowing down dramatically to less than half that rate in recent years. From launching of reforms until 2011, it did manifest some vivid and impressive signs of India moving towards high growth and increase in living conditions of its population. The purpose of this article is to access the likely effects of the reform measures on economic growth and poverty. Because the mainstream approach suggests that the reforms can be expected to increase economic growth and incomes. It seems that India’s growth has been led by the services sector, which includes real estates, IT, telecommunications, and banking, which contributes nearly 50% to the GDP in 2012. Manufacturing, which experienced remarkable growth and transformation in the East Asian economies, had rather grown much slower. The agriculture sector, which still employs nearly two-third of the India’s workforce, remains stagnant. The study suggests that education and health have been neglected in India and this will compromise productivity and growth.
Special economic areas: special-purpose regions are established not only by developing and transitive economies, but by developed countries as well, because their main goal is to help restructuring problematic regions and start the process of their economic development. The success of the economic reforms and creating of special, so called "open", economic areas, has moved China towards the economic level of developed countries. The article analyses the forms, results and influences of these open economic areas on the development of the regions. It also suggests the possibilities of the implementation of some types of the open economic areas, that have been successful in China, also in some regions in Slovakia.
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