The Quest for Economic Freedom in India

Summary: This essay explores India’s shift from socialism to economic liberalism through critical economic reforms beginning with the crisis of 1991. It details the transformation from an economy dominated by regulations, licenses, and controls to one more open and market-driven, highlighting the challenges and successes of economic liberalization. The essay underscores India’s significant post-reform growth in GDP and living standards and discusses ongoing challenges related to land and labor regulations that hinder further economic freedom and growth.

Read and download the full essay here.