35 Years of Liberalisation: India's Economic Transformation Since 1991

Thirty-five years ago, on July 24, 1991, India's Finance Minister Manmohan Singh gave a very important speech about the country's budget.

He said that India needed to make big changes to its economy to stop living beyond its means.

This speech started a series of reforms that opened up India's economy, allowing more private businesses and foreign investment.

Over the years, these changes have helped India grow into one of the fastest-growing economies in the world.

Today, India is the third-largest economy when you consider the purchasing power of its people.

However, there are still calls for more reforms to keep up with other countries like China and to make India less dependent on imports.