These days the political parties do not easily miss out on anniversaries. But one anniversary the Congress has failed to celebrate is the 2nd anniversary of reforms. Whatever be the reasons behind the Congress not celebrating it, let’s look at what we have achieved since the introduction of reforms way back in July 1991.
Mr Manmohan Singh, the then Finance Minister, in his budget speech declared that his new government had inherited an economy with such problems like the balance of payments crisis, high fiscal deficit and high inflation. He thought the reforms were the answer for India’s economic well being and thus ushered in an era of economic liberalization. But, what have we achieved through the reforms?