25 years of reforms: Where we are now
A quarter of a century after India embarked on a journey to unshackle its economy, there is visible change
New Delhi: Manmohan Singh, the then minister of finance, ended his budget speech of 1991–1992 with a quote from French novelist Victor Hugo: “No power on earth can stop an idea whose time has come." He then went on to conclude with the declaration: “Let the whole world hear it loud and clear. India is now wide awake. We shall prevail. We shall overcome."