View: 1991 reforms gave us miracle growth, but now it’s fading

View: 1991 reforms gave us miracle growth, but now it’s fading

When Manmohan Singh launched economic liberalisation in 1991, India was the world’s biggest beggar for aid. Today India is a net aid donor, having committed $30.6 billion to Asian neighbours and Africa. In 1991, India’s capita income was just $360 a year, having been overtaken by several “miracle economies” of Asia growing at 7% per … Read more