1991 Economic Reforms
The 1991 Economic Reforms transformed India's economy. They marked a shift from a closed economy to liberalisation. The government reduced regulations and opened markets. Foreign investment surged as a result. These reforms aimed to stimulate growth and reduce poverty. They reshaped industries and encouraged entrepreneurship. The impact is still felt today in India's economic landscape.
For decades after Independence, Indian economic policy instinctively tilted in favour of labour over capital. Redistribution, employment guarantees,...
December 30, 2025
