Fruits of reform have failed to reach the poor
http://economictimes.indiatimes.com/news/economy/policy/Fruits-of-reform-have-failed-to-reach-the-poor/articleshow/6285079.cms
10 Aug, 2010

A study by the National Council for Applied Economic Research points out that after two decades of reforms, the rich have got richer as a freer economy has created more opportunities, rather that a vast percentage of population still continues to be deprived of the means that can enable them to take a greater share of the wealth creation happening through the rapid growth. The top 20% of India’s population has a more than 50% share of the national income in 2009-10, up from 36.7% in 1993-94 and the bottom three quintile, or 60% of India, has a mere 27.9% share in total income, down from 38.6% at the start of the reforms.

Access to meaningful and affordable education continues to be an issue, and lack of physical infrastructure makes it difficult for the hinterland to be integrated with the market economy.

Economic reform in India started in 1991 after the IMF had bailed out the bankrupt state, with the objective to achieve high economic growth and industrialize the nation for the well-being of its citizens. The policies included are opening for international trade and investment, deregulation, initiation of privatization, tax reforms, and inflation-controlling measures. (Wikipedia: http://en.wikipedia.org/wiki/Economic_liberalisation_in_India)

If you are interested to learn more about the Indian economic reform--current conditions and what needs to be done and how, task force report by the Harris School of Public Policy of the University of Chicago published in January 2006 is helpful.
http://harrisschool.uchicago.edu/News/press-releases/IPP%20Economic%20Reform%20in%20India.pdf