Indian economy

The Economic History of Liberation

TCA Srinivasa Raghavan

Revisiting India’s path-breaking budgets on the 25th anniversary of reforms

25 Years of 1991 Reforms: In Praise of Creative Destruction

Twenty-five years after the reforms of 1991, India needs more if the country is to escape the Middle Income Trap

Raghuram Rajan: The Governor and Governance

Raghuram Rajan’s exit and the question of institutional independence

Welcoming Foreign Money, Slowly

India opens up key sectors to investment from overseas but it may take a while to boost economic activity

Economic Reforms: The Growth and Gloom Story

Beyond the magic figure of 7.6 lies the bigger challenge for the Modi Government

Pratap Bhanu Mehta: Argue or Be Damned

President of the Centre for Policy Research, Prata Bhanu Mehta has no qualms speaking his mind about the Modi Government's trampling of civil liberties

Raghuram Rajan: The Big Bank Theorist

When the world is hurtling through economic crises and India stands relatively unhurt, the credit, in no small measure, goes to Raghuram Rajan

PV Narasimha Rao: The Outsider Who Dared

PV Narasimha Rao needed somebody who would be adept at tackling the immediate problems, come up with out-of-the-box solutions, and take courageous decisions to pull the country back from the precipice. He plumped for Manmohan Singh

Time to Smile: Growth Gains Momentum

A new frenzy of hope grips Raisina Hill as growth gains momentum

Rising from the ashes, slowly

The three ‘shocks’ that are transforming India. But don’t expect miracles


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