Thirty-five years ago, gold helped India pull back from the brink of a sovereign payments crisis, providing emergency foreign exchange at a moment when the country had only enough reserves to cover a few weeks of imports. The episode came shortly before Finance Minister Manmohan Singh announced the landmark economic reforms of 1991 that transformed India’s economic policy.
टैग: Indian Economy
India Climbs 25 Places to 57th in Global Rankings After Structural Reforms
New Delhi: India has improved its position by 25 places in global rankings, moving from 82nd in 2010 to 57th in 2023, according to the Ministry of Commerce & Industry. The improvement has been attributed to structural and pro-competitive reforms aimed at reducing market distortions and strengthening competition.