1991 Economic Reforms

India needs to cleanse itself of the socialist brainwash over the decades and step into the freedom of personal choice in regulated markets with little scope of rent-seeking by the powers that be 

A case for going beyond economic reforms

Despite the fact that the Constitution mentions three organs of State — the executive, the judiciary and the legislature — why is the exclusive focus of the reform discourse the executive, as in the Union government, not even state governments? 

30 Years Of Reforms | The gap between aspirations and reality

In 1991, Manmohan Singh spoke of the need to increase the efficiency and international competitiveness of industrial production of domestic entities, as did his successors, but there was little government support that was crucial for realising this objective 

30 years of economic reforms and environmental degradation

What began as a response to an economic crisis has led to an unprecedented environmental crisis that is set to reverse what little gains we made over the last three decades 

30 years later, the reforms journey continues

Thirty years since 1991, Prime Minister Narendra Modi has finally initiated another mega-round of reforms that rival the 1991 reforms in their scope; most importantly, farm laws and labour codes 

Three decades of reforms and still miles to go

The progress made so far appears patchy and reluctant. Comprehensive and constitutionally-enforceable policies for sustainable development and digital commerce need to be evolved and implemented earnestly, at the earliest 

30 Years of Reforms | Change was in the air

Apart from PV Narasimha Rao, who provided the all-important political backing for these reforms, what facilitated the reforms was the unique coming together of a group of like-minded officials 

30 years later, the gaps in India’s financial sector reforms are still glaring

Strengthening financial regulators by granting them more autonomy should be part of the priority areas of the next phase of financial sector reforms 

The role of India’s foreign ministry in the 1991 economic reforms, and how it has adapted since then

India’s economic diplomacy has to pull itself up by its bootstraps to keep up with global challenges 

30 Years of Economic Reforms | Forced to change for the good

The economic reforms initiated in 1991 were largely out of compulsion to avoid the government defaulting on its debts. Yet, the fact that India chose to massively reform the regulations instead of some other alternative has had lasting positive effects 

During the 1991 economic crisis, I asked an astrologer about India’s future: Shankar Sharma

For me personally, and for my contemporaries, it is a bittersweet realisation that had it not been for the 1991 economic crisis which forced India to liberalise, India’s economic trajectory would have been different 

1991 economic reforms: Did we switch our economic thinking?

This week marks the twentieth anniversary of the 1991 economic reforms. The Former Governor of the Reserve Bank of India, Bimal Jalan, Former Chief Economic Advisor, Shankar Acharya and Planning Commission Member and Former Chairman of the Boston Consultancy Group, Arun Maira about whether fundamental questions were answered.