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.
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.
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.
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.
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.
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.
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.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
Equally intriguing. Why have the reforms of 1991 not been built upon, layer by layer, as China did after 1978. Why reform by stealth.