Understanding the 1991 Indian Economic Liberalization and Its Market Impact

The 1991 reforms are the reason the Indian market you invest in today looks the way it does. This course explains, without jargon, what the Licence Raj economy actually was, how India ran out of foreign exchange and had to pledge its gold in 1991, and what the rupee devaluation, the July 1991 Budget and the New Industrial Policy changed. Then it follows the money into the market: the end of government-controlled IPO pricing, the arrival of foreign institutional investors, the 1992 boom and bust, and the new sectors and companies that liberalization created while older protected businesses faded. It closes with what 1991 left unfinished and how to read big policy shifts as an investor today. Written for general market enthusiasts, history and macro curious readers, and investors from every track.