'Vidya Shah, CEO of EdelGive Foundation talks about the rise of entrepreneurship and the breakdown of traditional industrial empires that were built in the latter half of the 21st century. She also discusses the access to technology, which was previous not made available in a market that was limited in choice and competition and how freer markets spurred creativity and innovation.'
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M K Venu elaborates on sectors which have lagged in the period following the reforms, highlighting the poor state of public delivery systems which continue to obstruct our development.
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Sanjeev Prasad discusses the extraordinary degree of freedom to innovate, and explore new avenues, that he experienced as a young student in the United States of America. He argues how the freedom to fail and learn from your failures without social censure was what was missing in India before the 1991 economic reforms. He also discusses the impact of the reforms on IT industry.
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M K Venu ruminates on a conference organized to commemorate the reforms in 2006, and the anecdotes which emerged from key architects of the reforms such as Manmohan Singh, Montek Singh Ahluwalia and more. He discusses how the reforms had to be implemented by "stealth", due to political opposition.
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Prof Shreekanth Gupta discusses the comical state of dead telephones across the country, with poor state services in the telecom industry. He also mentions the OYT, or Own Your Telephone scheme, under MTNL and the difficulty of having to grapple with poor services.
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M K Venu discusses two big success stories in Indian industry: the manufacturing of automobile parts and generic drugs, which have captured the market internationally. He brings up the rent-seeking behaviour of state agencies that continue to harass small enterprises and argues that license raj has continued for this segment of the population.
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Prof Jayati Ghosh explains the importance of the communication and technological revolution, and how the advent of mobile phone technology has altered our world completely. She also discusses how factors influencing mobility have changed due to this, and the rise in aspirations of people belonging to all economic classes.
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Vishnu Dutta Sharma, recounts his experience of joining AIR in the '70s and the change in technology, exposure, contact and mediation with foreign countries that has followed. He explains how entrepreneurship has flourished in the wake of the reforms, and the capacity of setting up a business which now prevails in every economic strata.
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P Sri Ganesh recollects his early experiences of growing up in Kolkata in late '50s. Having to study in the absence of electricity and without fuel for cooking, Sai Ganesh's perspective on the evolution of technology, as well as the capability to choose presents an interesting account of the transformation wrought by liberalisation in the most intimate and necessary spheres of living.
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