Past and present: Anatomy of a crisis

How the current crisis and that in 1991 are different

Livemint
Published20 Aug 2013, 12:51 AM IST
Photo: PTI<br />
Photo: PTI(PTI)

Several commentators have drawn parallels between the current crisis in the external sector and the one that ravaged India in 1991. Interestingly, not only was the government on both occasions led by the Congress, but it also was in the minority in Parliament and had Manmohan Singh as another common factor. An analysis by the Economic and Political Weekly magazine reveals that the two circumstances are actually very different.

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First Published:20 Aug 2013, 12:51 AM IST
Business NewsPoliticsPolicyPast and present: Anatomy of a crisis

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