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LATEST NEWS UPDATES | Partially reformed -Anup Sinha

Partially reformed -Anup Sinha

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published Published on Aug 12, 2021   modified Modified on Aug 13, 2021

-The Telegraph

Inequality remains integral to India’s growth story

This year marks three decades of market-friendly economic reforms introduced in 1991 by the P.V. Narasimha Rao administration. Manmohan Singh was considered the mastermind behind breaking the shackles of the license-permit raj, an inefficient government, a stifled private sector, and a strictly controlled import regime. All these led to low economic growth, large incidence of poverty, an inefficient, unwieldy public sector, and pervasive corruption in public life. The foreign exchange crisis of 1991 forced a weak government to take the help of the International Monetary Fund and the World Bank to open up the economy to cheaper imports, easier flows of foreign investments, liberalized domestic manufacturing and services, and a government committed to refraining from domestic economic controls as far as possible.  

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The Telegraph, 13 August, 2021, https://im4change.org/news-alerts-57/news-alert-on-plfs-data-under-construction.html


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