35 Years Of Economic Reforms

Rallies and reversals since 1991: The lessons for Indian investors

Avoid leverage, respect valuations and let earnings, cash flows and balance sheet strength, not narratives, guide investment decisions

Updated On: 14 Aug 2026 | 11:44 PM IST

How Indian economy has transformed since the landmark 1991 reforms

By 2025-26 the primary sector's share had roughly halved to about 18%, the tertiary sector had surged to some 56% and industry sat almost exactly where it began, at around 25%

Updated On: 14 Aug 2026 | 6:52 PM IST

Reforms@35: India grew nine-fold, but its Asian peers grew faster

In 1991, five years into the Doi Moi reforms, Vietnam's per capita income was $141, less than half of India's. Today it is $4,829, nearly twice that of India

Updated On: 14 Aug 2026 | 6:35 PM IST

35 years of liberalisation: From Detroit of Asia to Chennai for the World

Three decades after liberalisation transformed its auto industry, Chennai has built a deep manufacturing and talent ecosystem and is emerging as a global hub for vehicles, components and EVs

Updated On: 14 Aug 2026 | 2:02 PM IST

India's defence sector reaches an inflexion point as private firms rise

Defence production has risen 140% since FY17, while private-sector output has grown 198%, as policy reforms increasingly open strategic programmes to industry.

Updated On: 13 Aug 2026 | 7:40 AM IST

We ducked more basic reforms because of success of 1991 talks: N K Singh

N K Singh recalls the circumstances under which India liberalised its economy. He discusses how India can negotiate a highly uncertain world now, while retaining its growth momentum

Updated On: 10 Aug 2026 | 11:04 PM IST

Datanomics: West Asia conflict and India's petroleum trade diversification

India's development ambitions will depend not on promises alone, but on sustained reforms, better-designed welfare, inclusive products, capable leadership and accountability

Updated On: 10 Aug 2026 | 10:49 PM IST

'Sunset industry' that became the frame for India's post-reforms growth

Once labelled a "sunset industry", India's steel sector has been transformed by liberalisation, private investment and consolidation into a key driver of the country's growth

Updated On: 09 Aug 2026 | 11:52 PM IST

'Media industry has expanded India's cultural influence since 1991'

Subhash Chandra says India's media industry has become a ₹2.7-trillion powerhouse, expanded the country's global cultural influence and created millions of jobs since liberalisation

Updated On: 08 Aug 2026 | 12:20 AM IST

'Extract after extract in Manmohan's 1991 speech was from my mini Budget'

Former finance minister Yashwant Sinha says his 1990 mini Budget shaped Manmohan Singh's 1991 speech, while calling for continuous reforms and infrastructure-led demand growth

Updated On: 04 Aug 2026 | 12:02 AM IST

How reforms transformed D-Street into a world-class capital market

Three decades of reforms, technology and regulation have transformed India's capital markets into one of the world's most efficient, transparent and accessible investment ecosystems

Updated On: 31 Jul 2026 | 12:40 AM IST

Sheffield of the East awaits turn of fortune as industry looks ahead

Howrah's famed foundry belt awaits a revival as industry hopes a new political climate will attract investment and restore the 'Sheffield of the East' to prominence

Updated On: 30 Jul 2026 | 1:54 PM IST

35 years of liberalisation: How the 1991 BoP crisis forced historic reforms

A balance of payments crisis, emergency gold pledges, and a reform-driven Budget in 1991 set India on the path towards economic liberalisation

Updated On: 28 Jul 2026 | 9:27 AM IST

From scarcity to scale: How the 1991 reforms transformed India's economy

Thirty-five years after the landmark reforms of 1991, the numbers show how India's economy, businesses and households have changed - and why the next phase of reforms will matter just as much

Updated On: 27 Jul 2026 | 11:55 AM IST

35 years of liberalisation: Which sectors emerged as biggest winners?

India's economic reforms changed the course of industries from IT and pharma to retail and aviation. Here's a look at the biggest winners and the challenges that continue today

Updated On: 27 Jul 2026 | 8:24 AM IST