The Hindu National · DistrictNews · 2026-08-28
1991 reforms could have begun in 1981, but not during Rajaji’s time, says
1991 reforms could have begun in 1981, but not during Rajaji’s time, says Chidambaram. In the days of Rajaji [who died in 1972], India did not have capital or technology to follow the open economy’ system, he said. The World Trade Organisation (WTO) did not exist then, he pointed out. They [capitalist countries] had capital and technology. They called theirs an open economy.
Why it matters. Why it matters: 1991 reforms could have begun in 1981, but not during Rajaji’s time, says Chidambaram.
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