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Chart of the Day | Twenty years of economic reforms

Chart of the Day | Twenty years of economic reforms
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First Published: Thu, Jul 28 2011. 07 31 PM IST

Updated: Thu, Jul 28 2011. 07 31 PM IST
The equity cult, most famously epitomised by Reliance, did exist before 1991 but the years since then have taken stock prices to another level. Liberalization saw companies develop economic muscle and investors discovered the value that was unlocked by growth. Still, it took a while for reform measures to spark the current surge in economic expansion as is reflected in the line shooting up after the mid-point.
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First Published: Thu, Jul 28 2011. 07 31 PM IST