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1991 reforms: The year that transformed India


BBC News
1991 reforms: The year that transformed India
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The year 1991 will always be remembered as a landmark year in India’s history.
On this day 30 years ago, then Prime Minister PV Narasimha Rao and Finance Minister Manmohan Singh threw open the doors to the country s economy, reversing decades of socialism.
And suddenly everything changed, from how you did business to how long it took to get a phone connection.
India was no longer a notoriously difficult place to do business - investment poured in from abroad and new jobs emerged.
The BBC s Nikhil Inamdar looks back at that pivotal moment. ....

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Why India is still not ready to embrace 1991-style economic reforms


Exactly 30 years ago, a looming balance of payments crisis finally convinced India’s leaders to dismantle its socialist economy, ushering in private enterprise and years of higher growth. Those pundits and policy makers hoping that Prime Minister Narendra Modi might use the country’s Covid-induced slump to launch similarly dramatic reforms, however, are likely to be disappointed.
That’s not because Modi is afraid of bold initiatives or lacks the political capital to see them through; his popularity remains unmatched, as does his flair for the dramatic gesture. The real issue is that his government and the Indian bureaucracy, unlike in 1991, aren’t set up to develop a consensus behind liberalizing reforms. ....

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Why today's India isn't ready to embrace 1991-style economic reforms


Why today s India isn t ready to embrace 1991-style economic reforms
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Last Updated: Jul 24, 2021, 09:45 AM IST
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That’s not because Modi is afraid of bold initiatives or lacks the political capital to see them through; his popularity remains unmatched, as does his flair for the dramatic gesture. The real issue is that his government and the Indian bureaucracy, unlike in 1991, aren’t set up to develop a consensus behind liberalizing reforms.
Exactly 30 years ago, a looming balance of payments crisis finally convinced India’s leaders to dismantle its socialist economy, ushering in private enterprise and years of higher growth. Those pundits and policy makers hoping that Prime Minister Narendra Modi might use the country’s Covid-induced slump to launch similarly dramatic reforms, however, are likely to be disappointed. ....

World Bank , District Of Columbia , United States , South Korea , Raghuram Rajan , Abhijit Banerjee , Narendra Modi , Michael Kremer , Manmohan Singh , Esther Duflo , Victor Hugo , International Monetary Fund , United Nations , Prime Minister Narendra Modi , World War , Washington Consensus , Finance Minister Manmohan Singh , உலகம் வங்கி , மாவட்டம் ஆஃப் கொலம்பியா , ஒன்றுபட்டது மாநிலங்களில் , தெற்கு கொரியா , ரகுராம் ராஜன் , நரேந்திர மோடி , மைக்கேல் க்ரெமர் , ம்யாந்‌மோஹாந் சிங் , வெற்றியாளர் ஹ்யூகோ ,

From the FPJ Archives: As India marks 30 years of economic liberalisation, here's a look at Budget Day 1991

From the FPJ Archives: As India marks 30 years of economic liberalisation, here's a look at Budget Day 1991
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

Manmohan Singh , Free Press Journal , Finance Minister Manmohan Singh , ம்யாந்‌மோஹாந் சிங் , இலவசம் ப்ரெஸ் இதழ் , நிதி அமைச்சர் ம்யாந்‌மோஹாந் சிங் ,