GENERAL3 Sept 2026
1991 liberalisation made a break with the past, says C Rangarajan
India's 1991 liberalisation was a clear break from the past, says C Rangarajan. He helped open up the banking sector, which had been a state monopoly since 1969. His message: reforms don't stop. Continuous changes and fresh measures are needed to handle new challenges. For business owners, this means policy shifts may keep coming, so stay informed and prepared.
Key Statutory Highlights
- C Rangarajan says India's 1991 liberalisation made a break with the past.
- He was involved in opening the banking sector, which had been a state monopoly since it was nationalised in 1969.
- He believes reforms are a continuous process and new measures are needed to tackle new challenges.
Actionable Advice for Taxpayers / Founders:Keep monitoring policy announcements, as reforms are an ongoing process and fresh measures could affect your business.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: