This article provides an overview of recent studies on productivity growth of Indian manufacturing firms in the post-1991 period. The central question is whether there has been a significant acceleration in productivity growth rates of manufacturing firms in India in an era of economic liberalization. This article has observed that impact of economic reforms is not uniform across all sectors. Studies have shown that factors like import of disembodied technology, availability of wider varieties of imported inputs, foreign investment, change in market structure and R&D intensity are significant determinants for productivity growth in the post-reform period.