India’s Economic Awakening: From Licence Raj to Liberalization
The year is 1991. India, a nation of immense diversity and ancient traditions, stood at a precipice. Decades of socialist-inspired economic policies, often dubbed the ‘License Raj,’ had stifled innovation and growth. The economy was like a ship struggling against a gale, burdened by protectionism, state control, and a labyrinthine bureaucracy. Then, a crisis hit … Read more