The economic liberalisation in India refers to the economic liberalisation, initiated in 1991, of the country's economic policies, with the goal of making the economy more market and service-oriented and expanding the role of private and foreign investment. Specific changes include a reduction in import tariffs, deregulation of markets, reduction of taxes, and greater foreign investment. Liberalisation has been credited by its proponents for the high economic growth recorded by the country in the 1990s and 2000s. As India's gross domestic product (GDP) growth rate became lowest in 2012–13 over a decade, growing merely at 5.1%,[7] more criticism of India's economic reforms surfaced, as it apparently failed to address employment growth, nutritional values in terms of food intake in calories, and also exports growth – and thereby leading to a worsening level of current account deficit compared to the prior to the reform period.[8] But then in FY 2013–14 the growth rebounded to 6.9% and then in 2014–15 it rose to 7.3%. Growth reached 7.5% in the Jan–Mar quarter of 2015 before slowing to 7.0% in Apr–Jun quarter.

Decreasing share of agriculture in India's GDP since economic liberalization:
India's economy has undergone significant changes since the adoption of economic liberalization policies in the early 1990s. One of the notable trends has been the decreasing share of agriculture in the country's Gross Domestic Product (GDP).

Reasons for the decreasing share:
- **Shift towards services and industry:** Economic liberalization has led to the rapid growth of the services and industrial sectors in India. This growth has outpaced the agriculture sector, leading to a decline in its relative contribution to the GDP.
- **Technological advancements:** The adoption of modern technologies in the services and industrial sectors has increased productivity and profitability, making them more attractive for investment. In contrast, agriculture has been slower to modernize, leading to stagnant growth.
- **Changing consumer preferences:** As incomes rise and lifestyles change, there is a shift in consumer preferences towards manufactured goods and services. This change in demand has further boosted the growth of non-agricultural sectors.
- **Globalization:** Economic liberalization has opened up the Indian economy to global markets, leading to increased competition for agricultural products. This has put pressure on the sector, leading to a decline in its share of the GDP.

Impact of the decreasing share:
- **Income disparities:** The decreasing share of agriculture in the GDP has widened income disparities between rural and urban areas, as the non-agricultural sectors offer higher-paying opportunities.
- **Employment challenges:** The decline in the share of agriculture has posed challenges for employment generation in rural areas, where a large portion of the population is still dependent on agriculture for their livelihood.
- **Food security concerns:** Despite the decreasing share of agriculture in the GDP, the sector remains crucial for ensuring food security in the country. The decline in its importance raises concerns about the sustainability of food production in the long run.
In conclusion, the share of agriculture in India's GDP has been decreasing since the adoption of economic liberalization policies, driven by various factors such as the growth of non-agricultural sectors, technological advancements, changing consumer preferences, and globalization.

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