Sunil Bharti Mittal, founder and chairman of Bharti Enterprises

Sunil Bharti Mittal says the 1991 reforms transformed India's business landscape, paving the way for Airtel, and calls for continued reforms to sustain growth

35 years of liberalisation News Updates: Get the latest news on 35 years of liberalisation. Read key announcements, policy updates, milestones, expert views, and their impact on the economy.

35 years of liberalisation News: Latest Updates & Key Highlights | Business Standard

35 years of liberalisation News: Latest Updates &amp; Key Highlights | Business Standard

Indian 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

Indian economy, Indian people, Indian population, union budget 2024

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

Infosys cofounder N R Narayana Murthy

As long as we have corporate leaders who understand the power of AI and ensure that their employees are well trained, I do not see any problem, says Infosys cofounder N R Narayana Murthy

Tarun Das

"We can no longer be happy with protectionism. We must free the MSME sector and stop harassing them with so many inspectors. If necessary, we can build a stronger venture capital ecosystem for them"

Finance Minister Manmohan Singh giving a TV interview soon after presenting the Union Budget for 1991-92 (Photo: PIB)

Thirty-five years after the 1991 reforms, India has grown dramatically but unfinished reforms, weak public services and job creation remain major challenges
<b>T N Ninan<b>

Montek Singh Ahluwalia, one of the principal architects of India's 1991 reforms

Montek Singh Ahluwalia says India needs a fresh reform roadmap, faster private investment and broader policy consensus to achieve the Viksit Bharat goal

35 years of liberalisation

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	On July 24, 1991, then Finance Minister Manmohan Singh presented a Budget that dismantled much of the licence-permit system, opened more sectors to private investment, lowered trade barriers, and gradually integrated India with the global economy.</div>
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	The reforms did not transform the country overnight. But over the next three and a half decades, they reshaped India&#39;s economy, changed the way businesses operated, and expanded opportunities for millions of people.</div>
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	Over 35 years, the reforms accelerated growth, strengthened private enterprise, attracted foreign investment, and deepened global integration. They also expanded consumer choice, fostered innovation, and helped lift millions out of poverty.</div>

35 years of liberalisation

Page 3 - Latest Updates on 35 years of liberalisation

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

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

After economic reforms, we were no longer afraid of the world: Tarun Das

Delaying reforms will hurt future of our youth: Montek Singh Ahluwalia