Published in 2016, The Untold Story of Indian Reforms 1991–2016, by Sameer Kochhar, offers an engaging account of India’s economic transformation over a quarter century. Kochhar delves deep into the pivotal reforms initiated in 1991 and their far-reaching impacts on the economy.
The book begins with the economic crisis of 1991. Kochhar extends his analysis to cover subsequent reforms up to 2016, providing insights into how successive governments built upon the initial wave of liberalization. Beyond recounting the successes of liberalization, the book also addresses the complexities of policymaking in a diverse and politically fragmented country like India. Kochhar discusses subsequent reforms, such as GST, banking consolidation, and digital governance initiatives, which sought to further strengthen India’s economic foundation.
The book stands out for its use of interviews with policymakers, economists, and business leaders, offering readers a closer view of the personalities who orchestrated the reforms, improving the lives of millions of Indians.