New Delhi, Feb. 8 -- Former Reserve Bank of India (RBI) Governor, Dr. C. Rangarajan, praised CUTS for its impactful role in promoting free trade and fostering competition.
During a fireside chat with Pradeep S Mehta, Secretary General of CUTS International, the discussion focused on the theme Growth Prospects of the Indian Economy.
Reflecting on India's economic history, Dr. Rangarajan highlighted the significance of the 1991 trade reforms, which prioritised liberalisation and aimed to dismantle regulatory barriers.
The 1991 reforms acted as a landmark in Indias economy as it aimed towards knocking down the licence raj, re-defining the states role and giving up import substitutions in order to embrace world trade and compete with the ...