Professional Documents
Culture Documents
NOIDA/DELHI
EDITORIAL
SHIV VISVANATHAN
M O N D AY , J U LY 2 5 , 2 0 1 6
Erdogans
coup
CARTOONSCAPE
The sullying of
scientific literature
A watershed moment
The economic liberalisation
unleashed in 1991, a historic moment
in Indias history, faces the threat of
fading away from memory owing to
a lack of media interest and the
ambivalence of the political class
towards the significance of reforms
as a driver of economic growth and
poverty alleviation. The Editorial of
1991, Jairam Rameshs write-up and
the juxtaposed infographics weld
together different perspectives and
bring into sharp focus a watershed
moment that changed our economic
trajectory forever (Manmohan
Singhs 1991 Budget Twenty five
years ago this year, all July 24).
Liberalisation was not consciously
designed to make India better; it was
a desperate effort to avert the
humiliation of bankruptcy. Left to
itself, the Congress would have
preferred to perpetuate the licencepermit raj that it installed in 1947 as
it helped the party to cultivate a
pro-poor image.
It is inexplicable and mystifying that
reforms acquired pejorative
connotations over the years despite
empirical evidence of their
beneficial impact on the economy as
well as the lives of the people. The
Congress is guilty of refusing to own
up to its role in unshackling the
economy from stifling controls and
lifting millions above the poverty
line. The arch-reformer, Manmohan
Singh, who led the government from
2004 to 2014, became a prisoner of
his partys opportunistic power
Mumbai
Madurai
Judiths release
ND-ND