India's Economic Liberalization Through the Lens of the 1991 Budget

Saturday, 6 July 2024, 11:49

In a landmark event on July 24, 1991, then finance minister Manmohan Singh's budget speech marked a pivotal moment in India's economic history. Lasting 1 hour and 35 minutes, the speech initiated the opening up of India's economy to global markets. The Budget of 1991 set in motion a series of reforms that transformed India's economic landscape, paving the way for significant growth and integration into the global economy.
Moneycontrol
India's Economic Liberalization Through the Lens of the 1991 Budget

Key Highlights:

The 1991 Budget by finance minister Manmohan Singh reshaped India's economy

Important points:

  • Initiation of economic liberalization
  • Integration into global markets
  • Historic speech duration of 1 hour and 35 minutes

Reflecting on this pivotal moment 33 years ago reveals the foundation for India's growth and global connectivity.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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