India's Economic Liberalization and Growth (1991–2014)

1. Balance-of-payments crisis forces policy rethink

   Jan 1, 1991Labels: Balance of, Indian Government

   • RBI History
   • IMF Paper

2. Rupee devalued in two stages

   Jul 1, 1991Labels: RBI, Rupee Devaluation

   • RBI History

3. New Industrial Policy dismantles licensing regime

   Jul 24, 1991Labels: New Industrial, Licensing Regime

   • UPI Archives

4. Dual exchange-rate system (LERMS) begins transition

   Mar 1, 1992Labels: LERMS, Exchange Rate

   • RBI History

5. SEBI gains statutory powers after market turbulence

   Apr 4, 1992Labels: SEBI, Securities Regulation

   • SEBI Act
   • SEBI Act Wiki

6. Unified exchange rate strengthens market pricing

   Jan 1, 1993Labels: Unified Exchange, RBI

   • RBI History

7. Current-account convertibility adopted under IMF Article VIII

   Aug 1, 1994Labels: Current-Account Convertibility, IMF Article

   • India Budget 96
   • Brookings 2004

8. TRAI created as telecom regulation shifts to competition

   Mar 28, 1997Labels: TRAI, Telecom Reform

   • India Code
   • TRAI History

9. FEMA replaces FERA, easing foreign-exchange controls

   Dec 29, 1999Labels: FEMA, Foreign-Exchange Law

   • FEMA Wiki

10. FRBM Act sets fiscal-discipline framework

    Aug 26, 2003Labels: FRBM Act, Fiscal Policy

    • DEA FRBM
    • FRBM Wiki

11. Product-patent regime implemented under TRIPS compliance

    Jan 1, 2005Labels: Patents Amendment, TRIPS Compliance

    • WIPO Lex
    • UNDP Study

12. Right to Information Act strengthens accountability

    Oct 12, 2005Labels: RTI Act, Transparency Reform

    • CHRI RTI
    • RTI Wiki

13. NREGA launches nationwide rights-based rural employment

    Feb 2, 2006Labels: NREGA, Rural Employment

    • India Code
    • NREGA Wiki

14. Companies Act 2013 modernizes corporate governance

    Aug 29, 2013Labels: Companies Act, Corporate Governance

    • Companies Act Wiki
    • Debevoise Note

15. 2014 election brings new government and reform agenda shift

    May 26, 2014Labels: 2014 Election, Narendra Modi

    • Modi Oath
    • CNBC 2014