In the long sweep of global history, will India's 1991 reforms, led by Manmohan Singh (1932-2024) as finance minister under the Narasimha Rao government, mark a turning point as impactful as Britain's 1846 repeal of corn laws and China's 1978 embrace of private property? Both the earlier moves were in favour of a freer market. So was India's opening up. That remix of our 'mixed economy' marked a reduced role of the state, designed to let resources be allocated more efficiently, directed less by the Centre and more by free interactions of demand and supply. It also opened our borders to capital and trade, exposing India Inc to global rivalry. These would combine to spell the idea whose time had come: the rapid rise of our economy.
هذه القصة مأخوذة من طبعة December 30, 2024 من Mint Bangalore.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 30, 2024 من Mint Bangalore.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Indian Art May Be Poised for a Global Breakthrough
Early last year, Delhi-based Rohini Devasher became the first Indian to be recognised by Deutsche Bank as their 'Artist of the Year'. This led to her first major monographic exhibition, Borrowed Light, which opened in Berlin at the Palais Populaire in September and will be on display till early March.
Smart Gnomes, Evil Penguins and Stop-Motion
Wallace & Gromit Are Back for a Full-Length Adventure With a Familiar Foe
5 Contemporary Artists on the Books That Inspire Them
Leading Indian artists such as Shilpa Gupta, Anju Dodiya and Thukral & Tagra share their favourite recent reads
Abandon Myopic Policies for the Common Global Good
Policies of the US, China and India Should Prioritize Long-Term Gains and Their People Must Push for It
Let's act now to create a resilient, adaptable and skilled workforce
Our demographic dividend, coupled with skills adapted for new opportunities, can give us a competitive advantage globally
The bar for successful obesity drugs has been rising sharply
Nothing else explains why Novo's stock fell after a drug test result
Our Consumption Study Doesn't Feed Policy Well
India's latest survey of household spending on consumption picks up significant trends but offers an unclear snapshot of upper-end expenses. Policy cues should be taken selectively
Manmohan's understated leadership set a fine example
His self-assured openness to all views was an inspiration for decision makers keen to resist groupthink
The Union Budget Should Focus on Lifting Consumption Growth
That is key, since investments haven't picked up, but there may be little fiscal space for big tax cuts
Rupee Slide: What It Means for India and Your Wealth
Investments must align with your objectives and risk appetite, not currency depreciation
