Raghav Bahl and Ritu Kapur, founders of Network18 and Quint, discuss how liberalization fostered private equity and financial support for those with intellectual capital and impacted independence in production styles of media houses.
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Ram Rahman, an eminent photographer and curator, explains how economic restrictions and control in the early 50s and 60s, compelled architects in the early ‘50s and ‘60s to utilize innovative techniques, which ultimately produced iconic buildings. He discusses the critical intervention of liberalization in opening up the space of photography and architecture to emerge as independent disciplines in the country.
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Raghav Bahl and Ritu Kapur, founders of Network18 and Quint, emphasise the difference in the media industry between the 20th and 21st century. They precisely differentiate it briefly in terms of availability of choice, and then enumerate further, citing various other differences.
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Ram Rahman, eminent photographer and curator, dwells into the photography market and explains in depth the sea change that the market has seen in terms of availability of equipment, jobs, exhibitions and more. He tells his story on how he was able to learn this art through limited means and resources. He shares his experience of the smuggling in of camera lenses due to astronomical import duties.
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Sandeep Bhalla, Retd. Brigadier, (Indian Army), is very optimistic about the opening up of the defence sector which will make the country self-reliant. He explains the change in attitude and training of army personnel and how weapon technology has changed for better due to increased automation. After 1991, due to more private investment in the defence sector the country is no more dependent on foreign players who could “twist India’s arms” to gain advantage of India’s foreign policy or bilateral trade agreements.
R V Kanoria is the Chairman and MD of Kanoria Chemicals, and Past President of FICCI. He has over three decades of experience in chemicals, textiles and jute industries, and hence speaks at length about environmental clearances and their licensing, then and now. He applauds P.V.Narasimha Rao for timely reforms and extends his praise further to Atal Bihari Vajpayee.
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Amir Ullah Khan, Development and Trade Economist, explains how agricultural, education and labour sector have been excluded from the purview of the liberal reforms and the detrimental impact of this exclusion.
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Abhishek Gupta, Lead - Corporate Programs at Skills Academy Private Limited, explains to us the phenomenal shift that the IT sector has seen with respect to availability of jobs. He also discusses the transition the Indian consumer durables landscape has seen due to increased disposable income and subsequent rise in the risk taking ability of consumers.
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Sidharth Birla, Chairman of Xpro India Limited and DigJam Limited, and Past President of FICCI, explains the prevalence of the peculiar term “indigenous angle” which was used to obstruct companies from getting clearances and licenses under MRTP, and how such bureaucratic processes were often impervious to facts.
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Mr. Amir Ullah Khan, Development and Trade Economist, argues that a poor regulatory framework due to lack of government intervention made India lose out on 10-12 years of effective productivity. He draws a distinction between “control” and “regulation”, and stresses the need for the latter.
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