Back in Time, Ep 2: Montek Singh Ahluwalia on India’s liberalisation
Diving into independent India’s sociopolitical, cultural and economic history with Kunal Kamra.
Welcome to Back In Time, our brand new show hosted by Kunal Kamra. Kunal sits down with writers, filmmakers, journalists, lawyers and economists to, well, go back in time and discuss critical moments in independent India’s history.
In episode 2, Kunal and economist Montek Singh Ahluwalia explore how India achieved liberalisation in 1991 – the economic crisis and what caused it, and what led India to open up to the world. On the nature of India’s economy at the time, Montek says, “India had locked itself in a highly restricted situation.”
They also discuss public investment in industries, income inequality, and how private industry can push public industry to do better.
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