Announcing The 1991 Fellowship - by Shruti Rajagopalan
srajagopalan.substack.com · 1,096 words · saved by 1 readers
In 1991, a small group of technocrats transformed India.
In 1991, a small group of technocrats transformed India. Facing a balance of payments crisis, they dismantled the License Raj, opened the economy, and set in motion changes that would lift hundreds of millions out of poverty. That work isn’t finished. India’s most pressing policy problems today aren’t playing out in New Delhi. They’re in state legislatures, district offices, and local courts. Land use conversion laws impede industrialization. Energy pricing schemes cause shortages. Building codes shackle urbanization. Licensing barriers strangle small businesses before they can begin.…
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