Wednesday, 6 July, 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

New Brezza is not just a facelift. Maruti-Suzuki has worked to make it tough

I drove the automatic variant and it felt a bit languid on the open road. Prices start from Rs 8 lakh and go up to Rs 14 lakh for the automatic dual-tone variant.
Illustration by Soham Sen

Keep calm and carry on: Unlike wheat, rice isn’t hot yet

The world is worried that India might restrict exports of rice after wheat, pushing prices higher and worsening global food security.

Defence

Air Commodore Sanjay Sharma pose with daughter Flying Officer Ananya Sharma in front of the fighter aircraft | Twitter/@DefencePRO_Guj

In a first in IAF, father-daughter fly in same fighter formation as fellow wingmen

Daughter of Air Commodore Sanjay Sharma, Flying Officer Ananya Sharma is currently undergoing training to master ‘superior and faster’ jets.

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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