1991 reforms could have begun in 1981, but not during Rajaji’s time, says Chidambaram
The former Union Minister stated that before 1981, capitalist countries claimed to support an open market economy, but the absence of a rules-based global order prevented poor and middle-income countries from doing the same
- ✓The former Union Minister stated that before 1981, capitalist countries claimed to support an open market economy, but the absence of a rules-based global order prevented poor and middle-income countries from doing the same
- ✓India could have carried out economic reforms 10 years before 1991, but “certainly not” during the time of Swatantra Party’s founder C.
- ✓Chidambaram told The Hindu 360, the Tamil YouTube channel of The Hindu.
- ✓Chidambaram, who presented nine Union Budgets, acknowledged that the economic reforms could have begun in 1981.
The former Union Minister stated that before 1981, capitalist countries claimed to support an open market economy, but the absence of a rules-based global order prevented poor and middle-income countries from doing the same
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| Issuing Authority | The Hindu National |
|---|---|
| Topic Category | INDIA |
| Jurisdiction | All India / National |
| Publication Date | 28 August 2026 |