Peek Into History: Growth of the Telugu Land in a post-liberalisation era

(This article is part 3 of The Better Andhra’s ‘History Series’ on post-independence development in Andhra Pradesh)
End of Permit Raj

The New Economic Policy of 1991 aimed to completely reform the Indian economy through liberalization, privatization and globalization by reducing the role of government in economic activities and rather, being a facilitator of faster production and economic growth. This was one of the most important steps taken by the Union Government in the history of India that ended the “License-Permit-Quota Raj”, wherein government control was so strong that it not only decided which company would produce what, but also the