Scenarios about 'license raj'
The system of elaborate licenses, regulations, and red tape that controlled the Indian economy from independence until economic liberalization in 1991. This bureaucratic framework, characterized by extensive government controls on production, investment, and foreign trade, severely limited economic growth while creating opportunities for corruption and inefficiency. The License Raj represents a critical element in understanding alternative economic development paths for post-colonial nations.
What If India's Economic Liberalization Never Happened?
Exploring the alternate timeline where India did not implement its landmark 1991 economic reforms, potentially remaining an isolated, state-controlled economy well into the 21st century.