Licence Raj

Rahul Bajaj (1938-2022): Scooter Man

Madhavankutty Pillai

Bajaj’s business didn’t just survive but grew in liberalised India

Long Road to Redemption

Licence Raj for big Indian firms ended in 1991. It took another 23 years for the dreaded inspector Raj to end for small companies

Backward Intervention

The Supreme Court’s decision on the Ambani brothers’ gas fight represents a pyrrhic victory for Mukesh, a loss for Anil and a big win for politicians harking back to the Licence Raj.


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