In episode 2, Kunal and economist Montek Singh Ahluwalia explore how India achieved liberalisation in 1991 – the economic crisis and what caused it, and what led India to open up to the world. On the nature of India’s economy at the time, Montek says, “India had locked itself in a highly restricted situation.”

They also discuss public investment in industries, income inequality, and how private industry can push public industry to do better.

Listen to the full podcast here.

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