1991 Reforms: How the Battle to Save India’s Economy Was Fought
1991 marked a watershed for India, bringing in economic reforms that changed the way we live, work, and spend money.
Video Editor: Mohd Irshad
(For former prime minister Dr Manmohan Singh’s birthday, The Quint is republishing this piece from its archives. Originally published on 30 October 2019.)
Forex reserves for only three weeks of imports, external debt 23 percent of GDP, economy on the brink of collapsing – 1991 marked a watershed for India – bringing in economic reforms that changed the way we live, work, and spend money.
The story of how we got here, however, is as thrilling as a Bollywood blockbuster. Here’s how it unfolded.
Read the full story here.
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