What are the biggest mistakes India has made in the last 10 years in the economy sector?

It is not just ten years the mistakes have been happening for the past forty years.

First mistake, to have defeated the Jana-Ta Government in three years and reelected the Congress in 1980.

Fortunately, in 1984 Rajiv came to power, but unfortunately he was defeated in 1989 when the incompetent janaTaDaL came to power, the second mistake.

Unfortunately, the highly capable Rajiv died in 1991. But India was lucky to get Narasimha rao, who started the reforms, but he was defeated in 1996, the third mistake.

Luckily not much of mistakes in the JanaTA DaL government in 1996 and thereafter in it was its good luck VajpaYee came in 1999 and continued the reforms of Rao.

Vajpayee was defeated in 2004, the fourth mistake by India. Then followed world famous scandals that burgled the country.

We have undone what was done in 1991 with liberalization. This was done on the grounds of regulation needs. Though the regulation needs were to create scope of corruptions.

Economy prospers at freedom and flexibility existing in governance for businesses.

Indian society is a feudalistic society and most in governance are exhibitionists of their feudal attitude. This does not go well with creative people and in process economy goes into shrinking mode.

Actually, governance should be subservient to business and this is not in our concept even. One of the reasons of Chinese economic growth was that they made governance subservient to business.