30 years of liberalization: How Vetri Subramaniam got a sneak peek into India's reforms early in 1991

30 years of liberalization: How Vetri Subramaniam got a sneak peek into India’s reforms early in 1991
Moneycontrol
8 hours ago
Venkatasubramanian K
© Venkatasubramanian K
30 years of liberalization: How Vetri Subramaniam got a sneak peek into India’s reforms early in 1991
It was like an early view into the liberalized future for Vetri Subramaniam, Group President & Head of Equity at UTI Asset Management Company. In April 1991, he was a student at IIM, Bengaluru. Manmohan Singh was the chief guest for the convocation ceremony. Singh hadn’t yet become India’s finance minister – that would happen three months later. But as India was sinking into a payments crisis at that time, Singh, in his address, listed the steps that India should take to improve the situation. Opening up the Indian economy was a big part. Like his friends and peers, Subramaniam didn’t grasp the importance of Singh’s talk. But a year later, when the India’s economic reforms had kick-started, Subramaniam actually saw things materializing in real life.

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