Economic Reforms

Adds economy became top of agenda only circa 2000

India's pharma industry must pivot from global leadership in generics to innovation, backed by stronger policy, R&D funding and regulatory reforms, says Satish Reddy

NITI Aayog Vice-Chairman Ashok Lahiri says India must sustain 9.25 per cent annual nominal growth for 21 years, backed by reforms, to achieve developed-country status by 2047

How the continuing reforms in the MF space have created an over ₹82 trillion powerhouse

Its jobless growth model needs serious course correction

Without credible investment protection, the FTA alone is unlikely to attract the manufacturing FDI India needs to create jobs

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

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

Today's Best of BS Opinion examines lessons from the 1991 reforms, safeguards for offline UPI, enterprise digital infrastructure, state capacity and the costs of children growing up online

Thirty-five years after the 1991 reforms, India needs a new reform wave focused on deregulation, stronger state capacity, judicial efficiency and faster growth

India's recent flurry of FTAs is an excellent start, but it is only a start

Complex markets require independent voices and diverse expertise. India's regulatory architecture is missing both

We have missed the bus before, but now reforms must become part of everyday conversation

Alan Greenspan's legacy spans economic stability, financial deregulation and debate over the 2008 crisis, while his views on India underscored the need for deeper reforms

In his 2007 memoir, Alan Greenspan praised India's reforms but argued that lingering socialist policies and bureaucracy were holding back its economic potential

Observers on Friday called Cuba's new free-market reforms the most sweeping economic overhaul of the island's communist economy since the Cuban revolution, as the grandson of former president Raul Castro said in an interview that Cuba must seek to move its economy forward. The 176 measures aim to further decentralise Cuba's state-run economy, which has been left gasping by a tightened embargo under US President Donald Trump. Under the island's current economic model, the government largely determines what is produced, who produces it, the prices at which goods are sold and how the country's resources are allocated. The plan includes more space for private businesses, imports and exports without state intermediation, free hiring of personnel, authorisation for private banks and investment by Cubans abroad. It even permits fast-food chains to establish themselves on the island. "Elements that for decades were listed as pillars of the revolutionary economy, such as the state monopoly

While foreign firms have been reluctant to invest in India, Indian firms have been expanding their investment abroad

Europe is accelerating efforts to strengthen its economy through market integration, industrial support and tougher trade measures, while reducing reliance on US policy under Donald Trump

Prime Minister says reforms are a matter of conviction, not compulsion, as NDA leaders felicitate him for becoming India's longest-serving elected prime minister

High oil prices, a weakening rupee and global capital shifts demand bold policymaking to protect growth and build resilience against external shocks