Following the liberalization in 1991, India witnessed a significant increase in its share of exports in world trade due to integration with the global economy. Foreign Direct Investment (FDI) inflows also surged as the economy opened up to foreign capital. Furthermore, substantial improvements in the balance of payments, particularly in foreign exchange reserves, occurred, partly due to increased remittances and capital inflows. However, the share of agriculture in GDP has generally declined post-liberalization as other sectors like services and manufacturing grew at a faster pace.