Tuesday, 18 January, 2022
Topic1991 reforms

Topic: 1991 reforms

1991 reforms benefitted people unevenly, need wealth creation at bottom of pyramid: Ambani

In a column on the occasion of 30 years of economic liberalisation, Reliance chairman Mukesh Ambani said bold economic reforms helped GDP of $266 billion in 1991 grow over ten times.

‘Road ahead more daunting than during 1991 crisis’: Full text of Manmohan statement on reforms

In a statement Friday, the former PM and architect of 1991 economic reforms said he was 'deeply saddened' by impact of Covid pandemic on Indians. Read his full statement here.

Why Modi’s India can’t repeat the 1991 reforms miracle of Narasimha Rao & Manmohan Singh

PM Modi's popularity remains unmatched, as does his flair for dramatic gesture. But his govt and Indian bureaucracy aren’t set up to develop a consensus behind liberalising reforms.

History will acknowledge Modi govt reforms were as path breaking as 1991, CEA Subramanian says

In an interview with ThePrint, Chief Economic Adviser V. Subramanian talks on reforms of the Modi govt, their impact on economic recovery & what latest sero survey results mean for India.

Manmohan Singh told me ‘detachment to power’ and ‘attachment to reform’ was his weapon in 1991

Economic reform in a developing country like India is primarily about relinquishing control by the government. Modi govt loves control.

How Narasimha Rao and Manmohan Singh rescued India in 1991 and made history

The reforms were undertaken exactly 30 years ago, at a time when India was facing its worst economic crisis. Here’s a look at what led to the crisis and how India weathered it.

India is walking on one leg because 1991 reforms missed banking & finance

Restrictions on banking led to limited capacity for new entrepreneurs to have access to resources. It allowed the old elite to continue dominating. This order must be shaken up now.

$97 mn in 1991 to $82 bn in 2021 — how reforms made India a go-to destination for FDI

Average yearly FDI inflows were at $63 bn during Modi govt tenure beginning 2014, compared to average annual inflow of $30 bn during 10 yrs of UPA.

‘Consumer is king’ now. But it wouldn’t have been possible without 1991 reforms 

Exactly 30 years ago, the historic 1991 economic reforms freed up the private sector and removed many trade barriers, unleashing India’s growth potential.

On Camera

YourTurn

Priyanka Gandhi Vadra of Congress, a forerunner of women's question in India | PTI

Be it Congress, BJP, AAP—women’s question in India is a partisan issue. And that’s not so bad

India's woman question tests party imagination. Congress's focus on Nirbhaya, Unnao rape victim, and BJP's Uniform Civil Code show how.
President Xi Jingping addressing a meeting

Nations must secure global supply chains, prevent inflation shocks: Xi Jinping at WEF

In his 3rd address to World Economic Forum, Chinese President Xi Jinping said 'we need to resolve various risks and promote the steady recovery of the world economy'.

Defence

HAL likely to be in fray for Navy’s NUHs after defence ministry junks Coast Guard chopper deal

Last week, the Defence Acquisition Council scrapped the Coast Guard programme to buy 14 twin-engine helicopters under Buy Global category. Other projects under review now.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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