1991 - On 24 July 1991, the Congress government, led by P.V. Narasimha Rao, announced the “New Industrial Policy”, which kickstarted the process of liberalization of the economy from central planning and primacy of the public sector principle. The policy, at one stroke, opened up the manufacturing sector by dismantling the system of licences and controls for most industries and allowed 51% foreign equity in Indian companies.
Budget of Speech of Finance Minister Dr. Manmohan Singh
July 1991 - Month of India's Economic Reforms
India's Economic Reforms (1991 - 2016) Review and Plan for 2016-2041 - $20 Trillion GDP
1980 - Kumari Agatha Sangma - 2009 Lok Sabha Member
Updated 21 July 2016, 25 Dec 2012