The Seen and the Unseen - hosted by Amit Varma cover image

Ep 237: The Importance of the 1991 Reforms

The Seen and the Unseen - hosted by Amit Varma

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Trade Reform - The Magic of the Second Generation Reforms

First generation reforms are like a stroke of the pen, whell you just get the state out of the way. If anything was not done enough, or we need to think and strategize how to do more of it. I want to talk about customs duties as an example. One of the most brilliant milestones in india's history was when, just one eno re announced that every year the peat customs rate will go down by five %. That's the right way to do these things, because well ahead of time, you are re shaping the structure of everybody's expectations.

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