On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.
The whole truth regarding the 1991 reforms is that India was in the process of revamping its industrial and trade policies from the last years of Rajiv Gandhi’s tenure.
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UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
If not for Shri PV Narasimha Rao efforts to open up the economy, we would be still hearing empty slogans like ” Garibi Hatao” and going to IMF every year like the “Beggar State” Pakistan
Trade, not aid. A promise delivered by globalisation, allowing so many people to be lifted out of poverty in the developing world. America should find other ways to deal with the rise of China, instead of resorting to import tariffs, technology denial, dialling back the process of globalisation.
he was, but above all he PV was a noted favourite of rss and he was associated… india cannot forget the demolition of babri masjid… he was an rss guy wearing congress topi!!!
If not for Shri PV Narasimha Rao efforts to open up the economy, we would be still hearing empty slogans like ” Garibi Hatao” and going to IMF every year like the “Beggar State” Pakistan
Gandhi was gave political freedom , Rao gave Economic Freedom
Trade, not aid. A promise delivered by globalisation, allowing so many people to be lifted out of poverty in the developing world. America should find other ways to deal with the rise of China, instead of resorting to import tariffs, technology denial, dialling back the process of globalisation.
he was, but above all he PV was a noted favourite of rss and he was associated… india cannot forget the demolition of babri masjid… he was an rss guy wearing congress topi!!!