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...
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...
This narrative discusses the impact of nationalization of banks in 1969. The government, under Indira Gandhi, nationalized fourteen leading private commercial banks via an ordinance in July 1969. Though the idea had been raised in a previous All Ind...
