by: Gyanendra Bartaria
When we look at the economy of the India before1990, our financial problems were in plain sight and fairly simple to understand. Firstly, there was the problem of rising unemployment and a low rate of growth. Secondly, we had a huge budget deficit, a...
by: Former Prime Minister Narasimha Rao's Speech
When I spoke to you last, I promised quick and bold measures to restore our sick economy to health. We have taken the first step to fulfil that promise. This is the beginning. A further set of far reaching changes and reforms is on the way.  For the...
by: Pranab Mukherjee
In November 1981, Finance Minister Venkataraman entered into negotiations with the International Monetary Fund (IMF) and borrowed a hefty SDR 5 billion to avert an impending balance of payments crisis. This was, till then, the highest amount a single...

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India before 1991: Stories of life under the License Raj

Almost half of India is born after 1991 economic reforms. To make sure that they understand the lessons of history, at the 25th anniversary of the reforms, Centre for Civil Society aims to bring to light human interest stories from across the country highlighting the life under the license raj as well as the crucial role that liberalization played in improving the lives of our people. The reforms were proof of the acceptance of the value of economic freedom, whose importance we need to continue to advocate. This research will provide a greater understanding of the long-term impact of liberal policy reforms as well as the value that open markets have and continue to bring into our lives in contemporary times.

Crowd Source Stories

Short videos, audio messages, photo essays and articles from individuals representing all sections of society through online platforms, in-house research, partnerships with profession- specific associations and groups.