When Manmohan Singh Scrapped 'Licence Raj' And Saved India From An Economic Crisis With His 'L P G Reforms'
1 week, 1 day ago

When Manmohan Singh Scrapped 'Licence Raj' And Saved India From An Economic Crisis With His 'L P G Reforms'

ABP News  

Manmohan Singh's legacy will live on for generations to come. In Pics: Times When Manmohan Singh Used Cricket Diplomacy To Ease India-Pakistan Relations Road To Crisis: How India Arrived At The 1991 Economic Ruin In 1991, India faced one of its most severe economic crises, teetering on the brink of default. Prime Minister PV Narasimha Rao realised the dangerous situation India was in and entrusted Manmohan Singh, who was Chandra Sekhar's economic advisor, with the Finance Ministry to deliver India from the crisis. How Manmohan Singh And PV Narasimha Rao Prevented An Economic Collapse Realising the urgent need for economic reforms, PV Narasimha Rao appointed Dr. Manmohan Singh as Finance Minister in June 1991. Manmohan Singh's Legacy Of Economic Reforms The reforms initiated by Rao and Singh not only averted an impending disaster but also laid the groundwork for India's transformation into one of the world's fastest-growing economies over the following decades.

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History of this topic

Manmohan Singh’s mixed economic legacy
1 day, 17 hours ago

Manmohan Singh’s mixed economic legacy

Live Mint  

The death of Manmohan Singh last week was followed by a flurry of sentimental obituaries eulogizing the former Indian prime minister, who led the government from 2004 to 2014. Above all, Singh, who was 92, is remembered for the economic reforms he oversaw in 1991 as finance minister—reforms that opened India’s economy to more market competition and foreign investment. Dhiraj …

Liberalisation & liberalism: Legacy of Manmohan Singh
4 days, 12 hours ago

Liberalisation & liberalism: Legacy of Manmohan Singh

Hindustan Times  

The unexpected eruption of nostalgia and admiration for Manmohan Singh from people across the country is testimony to what he stood for. Till the year 1991, India’s foreign exchange reserve used to be very low — approximately $5 billion. Because foreign exchange was so low, India had strict rules prohibiting people from taking foreign exchange out of the country. If …

Manmohan Singh, the Prime Minister with a vision for nation’s growth
Trending News
5 days, 8 hours ago

Manmohan Singh, the Prime Minister with a vision for nation’s growth

Hindustan Times  

With the reforms of 1991, former prime minister Manmohan Singh not only pulled India back from the brink of bankruptcy but also helped the country strut the global stage as a rising economic power. A lesser-known fact about the “commanding heights” of India’s socialist-era planning is that the erstwhile Planning Commission worked closely with US and British economists to formulate …

Manmohan Singh’s policies bore imprint of his far-sighted academics
Trending News
5 days, 16 hours ago

Manmohan Singh’s policies bore imprint of his far-sighted academics

Hindustan Times  

With the reforms of 1991, former prime minister Manmohan Singh not only pulled India back from the brink of bankruptcy but also helped the country strut the global stage as a rising economic power. A lesser-known fact about the “commanding heights” of India’s socialist-era planning is that the erstwhile Planning Commission worked closely with US and British economists to formulate …

Manmohan Singh: Doctor who turned sick India into a global power
6 days, 22 hours ago

Manmohan Singh: Doctor who turned sick India into a global power

Deccan Chronicle  

Decades back, Dr Manmohan Singh had said, “Never let a crisis go waste.” He was presented with a similar opportunity, when he was picked by then Prime Minister P.V. The room for maneuver, to live on borrowed money or time, does not exist any more,” Dr Manmohan Singh declared in his first Budget on July 24, 1991.Drawing attention of Parliament …

Manmohan Singh: A testament to the power of quiet conviction
1 week ago

Manmohan Singh: A testament to the power of quiet conviction

Live Mint  

When prime minister Narasimha Rao handpicked Dr Manmohan Singh as finance minister in 1991, it was an audacious gamble. Facing a near-catastrophic balance-of-payments crisis, Singh unlocked India with reforms, dismantled decades-old red tape, and gave wings to the nation’s entrepreneurial spirit. An economist of rare brilliance, a statesman of unshakable integrity, and a man of quiet yet unyielding resolve, Dr …

From Gah to global glory: How Manmohan Singh scripted India's economic renaissance
Trending News
1 week ago

From Gah to global glory: How Manmohan Singh scripted India's economic renaissance

India Today  

Manmohan Singh, a towering economist and the architect of India’s economic liberalisation, passed away on December 26 at the age of 92. Revered for his quiet demeanour, Singh’s legacy is etched in India’s transformation from a struggling post-colonial economy to an emerging global powerhouse. By opening up the economy to foreign direct investment and streamlining industrial policies, Singh laid the …

Manmohan Singh: Congress Leaders Pay Tribute to a Visionary Leader
1 week ago

Manmohan Singh: Congress Leaders Pay Tribute to a Visionary Leader

Deccan Chronicle  

New Delhi:Former Prime Minister Manmohan Singh's final journey will commence from the 24 Akbar Road All India Congress Committee headquarters to the Nigam Bodh Ghat at 9.30 am on Saturday. "We in the Congress party and the people of India will forever be proud and grateful that we had a leader like Manmohan Singh, whose contributions to India's progress and …

DC Edit | Dr Singh’s growth prescription
1 week ago

DC Edit | Dr Singh’s growth prescription

Deccan Chronicle  

If one sits down to pen India’s economic history after Independence, it could be broadly classified into two eras — Pandit Jawaharlal Nehru’s socialist era from 1950 to 1991 and Dr Manmohan Singh’s liberal economic regime from 1991 onwards. The economic policies before 1991 were largely influenced by India’s suspicion of foreign traders, in view of its experience with the …

Manmohan Singh: Congress Leaders Pay Tribute to a Visionary Leader
1 week ago

Manmohan Singh: Congress Leaders Pay Tribute to a Visionary Leader

Deccan Chronicle  

New Delhi:Former Prime Minister Manmohan Singh's final journey will commence from the 24 Akbar Road All India Congress Committee headquarters to the Nigam Bodh Ghat at 9.30 am on Saturday. "We in the Congress party and the people of India will forever be proud and grateful that we had a leader like Manmohan Singh, whose contributions to India's progress and …

An Indian visionary committed to regional peace: South Asian leaders remember Manmohan Singh
1 week ago

An Indian visionary committed to regional peace: South Asian leaders remember Manmohan Singh

The Hindu  

“Take steady steps and take your time” was the advice then Prime Minister Manmohan Singh gave Hamid Karzai, who became President of Afghanistan at the age of 45, when he first met him in 2004. Speaking to The Hindu on Friday, Mr. Karzai said India and Afghanistan had the “best relations” during Dr. Singh’s tenure, as India became Afghanistan’s first …

Dr Manmohan Singh's reforms redefined India's trajectory as a rising global power
1 week ago

Dr Manmohan Singh's reforms redefined India's trajectory as a rising global power

Deccan Chronicle  

New Delhi: Former Prime Minister Dr Manmohan Singh, who breathed his last on Thursday night, had a legacy of economic reforms in India. REACTIONS: Recalling Dr Singh's contributions as the architect of India's economic reforms, RBI Governor Sanjay Malhotra said on Friday that India’s economic reforms have left an indelible mark. Former RBI governor Urjit Patel also said Dr Singh …

Manmohan Singh's reforms transformed India, unshackled economy: Economists
1 week ago

Manmohan Singh's reforms transformed India, unshackled economy: Economists

Deccan Chronicle  

New Delhi: Former Prime Minister Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians, first deputy managing director of the International Monetary Fund Gita Gopinath said on Friday. "Dr Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians. Former RBI Governor Raghuram …

When Manmohan Singh shared story behind becoming ‘accidental finance minister’: ‘Didn’t take him very seriously’
1 week ago

When Manmohan Singh shared story behind becoming ‘accidental finance minister’: ‘Didn’t take him very seriously’

Live Mint  

Manmohan Singh once said, “People say I was the accidental Prime Minister, but I was also the accidental finance minister.” It was a time when critics called him the “accidental prime minister” and the "silent prime minister. He also narrated the story of how he became the “accidental finance minister”. “People say I was the accidental Prime Minister, but I …

Manmohan Singh: The archetypical insider who guided India towards its economic potential
1 week ago

Manmohan Singh: The archetypical insider who guided India towards its economic potential

Live Mint  

Manmohan Singh was chief guest at the annual convocation of the Indian Institute of Management Bangalore on 15 April 1991. After a stint in academia and the United Nations Conference on Trade and Development in New York, Manmohan Singh joined the Indira Gandhi government in 1972 as an economic advisor. Manmohan Singh left an indelible mark on India, and on …

Manmohan Singh’s iconic 1991 budget speech that changed the country forever – ‘India is now wide awake…’
1 week ago

Manmohan Singh’s iconic 1991 budget speech that changed the country forever – ‘India is now wide awake…’

Live Mint  

Manmohan Singh, who passed away on Thursday at 92, was Prime Minister for two terms in the Congress-led UPA government from 2004 to 2014. Singh also served as Finance Minister in the government of Prime Minister PV Narasimha Rao from 1991 to 1996, when he was instrumental in implementing sweeping economic reforms in the country. It was on July 24, …

What Manmohan Singh said about Indian economy in one of his last interviews
1 week ago

What Manmohan Singh said about Indian economy in one of his last interviews

Hindustan Times  

Hailed as the architect of India's economic reforms, former prime minister Manmohan Singh, in one his last interviews, had said in 2019 that the country's economy was "over-regulated", the government exerted control and interferences were aplenty with even regulators having "morphed into controllers". Manmohan Singh with Hillary Clinton and Joe Biden at a toast for 'Indo-American' friendship at a luncheon …

Manmohan Singh (1932-2024): The maker of modern Indian economy, is no more
1 week ago

Manmohan Singh (1932-2024): The maker of modern Indian economy, is no more

The Hindu  

Published : Dec 27, 2024 08:58 IST - 6 MINS READ Former Prime Minister Manmohan Singh, the architect of India’s economic reforms in the 90s, passed away at 92 on Thursday. That is why he lasted for ten years.”Neerja Chowdhury Journalist-author In an obvious reference to Singh’s prophetic words, Congress President Mallikarjun Kharge said on Thursday, “Undoubtedly, history shall judge …

When Manmohan Singh thought announcement of him becoming Cabinet minister in Rao government was a joke
1 week, 1 day ago

When Manmohan Singh thought announcement of him becoming Cabinet minister in Rao government was a joke

India TV News  

Manmohan SIngh passes away: Manmohan Singh, the architect of India's economic reforms, died on Thursday at the age of 92 at AIIMs, Delhi. While Singh will be remembered for his historic 1991 reforms, which rescued India from near bankruptcy, he will also be known for redefining India's trajectory as a rising global power. UPDATES However, not many know that the …

How Manmohan Singh pulled India from brink of economic death | From the archives
1 week, 1 day ago

How Manmohan Singh pulled India from brink of economic death | From the archives

India Today  

In 1991, India's economy was in a mess and on the verge of collapse. Jakhar's support to the new economic package is critical because the government will have to slash fertiliser subsidies—a move he is ready to back, though he would like the cut to be compensated through "remunerative prices to farmers". A senior World Bank executive in Washington D.C. …

Manmohan Singh's key reforms that shaped Indian economy
1 week, 1 day ago

Manmohan Singh's key reforms that shaped Indian economy

India Today  

"I honestly believe that history will be kinder to me than the contemporary media, or for that matter, the opposition parties in Parliament," Dr Manmohan Singh famously said in 2014 towards the end of his second term as the Prime Minister. THE 1991 ECONOMIC REFORMS Manmohan Singh’s reforms were centred around liberalisation, privatisation, and globalisation, which fundamentally changed the Indian …

Manmohan Singh Death: National Mourning for 7 Days, Sources Confirm | ABP News
1 week, 1 day ago

Manmohan Singh Death: National Mourning for 7 Days, Sources Confirm | ABP News

ABP News  

Former Prime Minister Dr. Manmohan Singh passed away on Thursday, December 26, 2024, at the age of 92. Dr. Manmohan Singh, India’s fourteenth Prime Minister, was renowned for his humility, diligence, and unwavering commitment to his work. Over the years, he held several key positions, including Secretary of the Ministry of Finance, Vice-Chairman of the Planning Commission, Governor of the …

Manmohan Singh Death: When & Where to Pay Last Respects to the Former PM | ABP News
1 week, 1 day ago

Manmohan Singh Death: When & Where to Pay Last Respects to the Former PM | ABP News

ABP News  

Former Prime Minister Dr. Manmohan Singh passed away on Thursday, December 26, 2024, at the age of 92. Dr. Manmohan Singh, India’s fourteenth Prime Minister, was renowned for his humility, diligence, and unwavering commitment to his work. Dr. Singh served as India’s Finance Minister from 1991 to 1996, a period crucial to shaping the country’s economic framework. His tenure is …

Manmohan Singh Death: Priyanka Gandhi Vadra Pays Heartfelt Tribute to the Former PM | ABP News
1 week, 1 day ago

Manmohan Singh Death: Priyanka Gandhi Vadra Pays Heartfelt Tribute to the Former PM | ABP News

ABP News  

Former Prime Minister Dr. Manmohan Singh passed away on Thursday, December 26, 2024. Dr. Singh, who served as Prime Minister from 2004 to 2014, retired from the Rajya Sabha earlier this year, concluding a 33-year-long tenure in the Upper House. India’s first and only Sikh Prime Minister, he entered the Rajya Sabha in 1991, four months after being sworn in …

Manmohan Singh, The Finance Minister Who Rescued India From Economic Collapse: A Look Back
1 week, 1 day ago

Manmohan Singh, The Finance Minister Who Rescued India From Economic Collapse: A Look Back

ABP News  

Manmohan Singh Death: Dr Manmohan Singh, India's former Prime Minister and a celebrated economist, breathed his last on Thursday, December 26, at the age of 92. Before taking up the mantle of Prime Minister, Singh served as the 22nd Union Minister of Finance from June 1991 to May 1996, a tenure that marked a transformative period for the nation's economy. …

Manmohan Singh passes away: The FM who opened India’s doors to global economy
1 week, 1 day ago

Manmohan Singh passes away: The FM who opened India’s doors to global economy

Live Mint  

Former Prime Minister of India and veteran Congress leader Manmohan Singh passed away on Thursday, December 26. Singh, who breathed his last at AIIMS, New Delhi, is credited with opening the Indian economy to global competition and is often regarded as the architect of India’s economic liberalisation as Finance Minister in 1991. Finance Minister Singh spent five years between 1991 …

When Manmohan Singh said ‘History will be kinder to me than the media’
1 week, 1 day ago

When Manmohan Singh said ‘History will be kinder to me than the media’

Hindustan Times  

Dr Manmohan Singh, the former Prime Minister of India, passed away on Thursday at the age of 92. Dr Manmohan Singh, former Prime Minister of India, left behind a long legacy. Singh, a globally celebrated economist who once played an instrumental role in the liberalisation of India's economy, especially during the 2008 global economic meltdown, once famously said "History will …

Manmohan Singh leaves a long legacy: His political, economic achievements
1 week, 1 day ago

Manmohan Singh leaves a long legacy: His political, economic achievements

Hindustan Times  

Former Prime Minister of India and veteran Congress leader Dr Manmohan Singh died on Thursday at the age of 92, leaving behind a legacy of political and economic achievements. A celebrated economist across the globe, Dr Manmohan Singh entered politics at the height of the 1991 economic crisis when late Prime Minister P V Narasimha Rao inducted him into the …

Obituary: Manmohan Singh, Non-Politician Finance Minister To Accidental Prime Minister
1 week, 1 day ago

Obituary: Manmohan Singh, Non-Politician Finance Minister To Accidental Prime Minister

ABP News  

New Delhi: Dr. Manmohan Singh, the fourteenth Prime Minister of India who led the Congress-led UPA government for two terms, died on Thursday after a brief illness. In this August 23, 2019 file photo, Manmohan Singh signs after taking oath as a member of the Rajya Sabha, in the presence of his wife Gursharan Kaur and Congress leader Sonia Gandhi …

Former PM Manmohan Singh in ‘critical condition’ admitted to AIIMS Delhi emergency ward
1 week, 1 day ago

Former PM Manmohan Singh in ‘critical condition’ admitted to AIIMS Delhi emergency ward

Live Mint  

Former prime minister Manmohan Singh was admitted to the emergency dept of AIIMS Delhi on Thursday evening after his health deteriorated. “Deeply concerned about the health of Former Prime Minister Dr. Manmohan Singh ji. Wishing him a speedy recovery and good health,” Gehlot wrote on X. Manmohan Singh's health Manmohan Singh has not been keeping well since the beginning of …

Former prime minister Dr Manmohan Singh admitted to AIIMS
1 week, 1 day ago

Former prime minister Dr Manmohan Singh admitted to AIIMS

Hindustan Times  

Former prime minister Dr Manmohan Singh was on Thursday admitted to the emergency department of Delhi's All India Institute of Medical Sciences at around 8 pm. Former Rajasthan chief minister and senior Congress leader Ashok Gehlot posted on X,"Deeply concerned about the health of Former Prime Minister Dr. Manmohan Singh ji. Former Prime Minister Dr. Manmohan Singh. Singh also held …

Manmohan Singh, former Prime Minister and architect of India's economic reforms, dies at 92
Trending News
1 week, 2 days ago

Manmohan Singh, former Prime Minister and architect of India's economic reforms, dies at 92

India TV News  

Manmohan Singh dies: Former Prime Minister Manmohan Singh died at AIIMS Delhi on Thursday evening. Congress president Mallikarjun Kharge had lauded Singh's contributions and outlined his key role in shaping modern India's economic landscape. As the finance minister in the PV Narasimha Rao-led government from 1991-1996, Singh spearheaded transformative economic reforms, steering India away from socialist-era policies toward a liberalized …

Manmohan Singh and 1991 Budget: The economic stalwart, finance minister who changed shape of Indian economy
1 week, 2 days ago

Manmohan Singh and 1991 Budget: The economic stalwart, finance minister who changed shape of Indian economy

India TV News  

In July 1991, the then Finance Minister Manmohan Singh presented a landmark budget, which is credited for modern India's economic progress. Presenting the budget, Manmohan Singh explicitly mentioned the crisis India was facing, as he said, "the new Government, which assumed office barely a month ago, inherited an economy in deep crisis. It is reported that within a few days …

History will be kinder to me: The moment when graceful Manmohan Singh deftly handled volley of questions
1 week, 2 days ago

History will be kinder to me: The moment when graceful Manmohan Singh deftly handled volley of questions

India TV News  

In one of his most famous statements, former PM Manmohan Singh before demitting office as the prime minister in 2014 had said, "history will be kinder to me", asserting that his leadership was not as weak as projected at that time. In what can be termed his last press conference as the Prime Minister, the former PM said in 2014, …

Dr. Manmohan Singh, architect of India's economic reforms, passes away at 92
1 week, 2 days ago

Dr. Manmohan Singh, architect of India's economic reforms, passes away at 92

India Today  

Dr. Manmohan Singh, the 14th Prime Minister of India and the architect of the nation’s economic reforms, passed away in New Delhi on Thursday at the age of 92. A Storied Political and Administrative Career Dr. Singh served as India’s Prime Minister from May 22, 2004, to May 26, 2014, leading the Congress-led United Progressive Alliance government for an unprecedented …

Congress recalls Manmohan Singh’s ‘groundbreaking’ Liberalisation Budget
5 months, 1 week ago

Congress recalls Manmohan Singh’s ‘groundbreaking’ Liberalisation Budget

The Hindu  

Congress president Mallikarjun Kharge on July 24 recalled the “groundbreaking achievement of the Liberalisation Budget of 1991” and asserted that there is a pressing need once again for meaningful and robust second-generation reforms. Narasimha Rao and Finance Minister Manmohan Singh, ushered in a new era of economic reforms, Mr. Kharge said in a post on X. July 1991 marked a …

Manmohan Singh missed the reforms bus as PM: FM Nirmala Sitharaman
10 months, 3 weeks ago

Manmohan Singh missed the reforms bus as PM: FM Nirmala Sitharaman

The Hindu  

The United Progressive Alliance squandered the opportunity to implement the unfinished reforms agenda from 1991 during its decade in office, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Saturday, accusing the Manmohan Singh government of “thorough mismanagement” after the global financial crisis. Citing a Tamil proverb “Mullu Mel Potta Thuni Mathiri” in response to a discussion on the …

Manmohan Singh passes away: Four major reforms by former PM of India
1 year, 3 months ago

Manmohan Singh passes away: Four major reforms by former PM of India

Live Mint  

Dr. Manmohan Singh, passed away on December 26, 2024, at AIIMS Delhi. These represent only a selection of the significant decisions and initiatives connected to Dr. Manmohan Singh's roles as India's Prime Minister and a prominent figure in the Indian government. National Rural Employment Guarantee Act Under Dr. Manmohan Singh's leadership, the government introduced the National Rural Employment Guarantee Act …

1991: Economic reforms
2 years, 4 months ago

1991: Economic reforms

The Hindu  

Published : Aug 15, 2022 06:00 IST Arguably, 1991 was not an ideal period for India to ‘open up’ its economy. There was the looming balance of payments and foreign exchange crisis; inflation had hit a staggering 16.7 per cent in August that year; fiscal deficit was 8.4 per cent; the Soviet Union, India’s long-term ally, had just collapsed; the …

Thirty years of big-bang reforms: How the summer of 1991 changed India and its economy forever
3 years, 2 months ago

Thirty years of big-bang reforms: How the summer of 1991 changed India and its economy forever

Firstpost  

We have come a long way since those fateful months of 1991 when the country finally decided to jump on the free market bandwagon India’s economy can be divided into two major eras: The pre-liberalisation era and the post-liberalisation era. What this phrase ‘fear of the foreign’ means is that the political leadership, the larger civil society and public in …

1991 reforms: Weak balance sheet, found wanting on manufacturing and employment
3 years, 3 months ago

1991 reforms: Weak balance sheet, found wanting on manufacturing and employment

The Hindu  

There is a view popular among the elite and middle classes of India, which is constantly reinforced by articles and discussions in mainstream media, about the “before” and “after” of economic liberalisation. Many of the much-vaunted “successes” of the past three decades, such as the rapid growth of the software industry or the global emergence of pharma companies that could …

Road Ahead More Daunting, Need to Recalibrate Priorities: Manmohan Singh on 30 Yrs of Liberalisation
3 years, 5 months ago

Road Ahead More Daunting, Need to Recalibrate Priorities: Manmohan Singh on 30 Yrs of Liberalisation

News 18  

The road ahead is even more daunting than during the 1991 economic crisis and the nation would need to recalibrate its priorities to ensure a dignified life for all Indians, said former prime minister Manmohan Singh on Friday. In a statement marking the 30th anniversary of economic liberalisation, Singh said he was deeply saddened at the devastation caused by the …

Ashok Desai on the 1991 Economic Reforms in India
3 years, 5 months ago

Ashok Desai on the 1991 Economic Reforms in India

The Diplomat  

Thirty years ago, India embarked on a massive program to reform its economy amid a grave balance-of-payments crisis that led New Delhi to secure loans from outside against the country’s gold reserves. The reform program soon became wide-ranging and opened up the Indian economy to the world, setting India on course to become the world’s sixth largest economy in nominal …

India’s 1991 liberalisation leap and lessons for today: Montek Singh Ahluwalia
3 years, 6 months ago

India’s 1991 liberalisation leap and lessons for today: Montek Singh Ahluwalia

The Hindu  

Three decades after India embarked upon the path of economic liberalisation, Montek Singh Ahluwalia, one of the key figures of the reform process, former Deputy Chairman of the erstwhile Planning Commission and currently Distinguished Fellow at the Centre for Social and Economic Progress, discusses in an interview with The Hindu the transition of the Indian economy, what remains to be …

Reforms and Indian capitalism
3 years, 6 months ago

Reforms and Indian capitalism

Hindustan Times  

India marks 30 years since the 1991 reforms at a moment when its economy is on the precipice of another crisis. By the early 2010s, those heady days of high growth were fast becoming history and long ignored fragilities within the Indian economy, of cronyism, structural inequality, regional concentration, were increasingly visible. India’s regulatory regime, despite initial investments in institutions …

Opinion | Is the Modi government about to grasp the nettle of reforms?
5 years, 1 month ago

Opinion | Is the Modi government about to grasp the nettle of reforms?

Live Mint  

The 18th century British writer, Samuel Johnson, is famously believed to have said: “Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully.” A similar logic applies to the political economy of economic reform. In India, the 10 years of the Congress-led United Progressive Alliance government were marked by …

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