It’s been 30 years since India opened up its economy, freeing it of the licence permit raj, improving access to capital, and introducing a New Industrial Policy. But what went on behind the scenes, and how have successive governments taken these reforms forward? In a series of seven conversations with economists, policymakers, thinkers and doers, Puja Mehra unpacks the story behind India’s reforms and finds out what’s likely to happen in the near future.
This is a Mint production, brought to you by HT Smartcast.
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It’s been 30 years since India opened up its economy, freeing it of the licence permit raj, improving access to capital, and introducing a New Industrial Policy. But what went on behind the scenes, and how have successive governments taken these reforms forward? In a series of seven conversations with economists, policymakers, thinkers and doers, Puja Mehra unpacks the story behind India’s reforms and finds out what’s likely to happen in the near future.
This is a Mint production, brought to you by HT Smartcast.
Montek Singh Ahluwalia: ‘1991 reforms aimed at more than just the BOP crisis’
India’s Reforms Story
34 minutes 40 seconds
4 years ago
Montek Singh Ahluwalia: ‘1991 reforms aimed at more than just the BOP crisis’
India ran into an unsustainable deficit in the balance of payments in the year 1991. To start the series, Pooja Mehra asked Mr Montek Singh Ahluwalia, an Indian economist and civil servant who served as the Deputy Chairman of the Planning Commission of India, to recount how the BOP 1991 crisis built up, how it was brought under control and how political space cracked open reversing the interventionist economic policies that India had followed for the first 4 decades post-independence.
India’s Reforms Story
It’s been 30 years since India opened up its economy, freeing it of the licence permit raj, improving access to capital, and introducing a New Industrial Policy. But what went on behind the scenes, and how have successive governments taken these reforms forward? In a series of seven conversations with economists, policymakers, thinkers and doers, Puja Mehra unpacks the story behind India’s reforms and finds out what’s likely to happen in the near future.
This is a Mint production, brought to you by HT Smartcast.
