Economic Reforms Of 1991 The economic reforms of 1991--initiated by the late Narasimha Rao, Dr. Manmohan Singh, Shri P. Chidambaram and Dr. Montek Singh Ahluwalia--opened up the minds of Indian corporate leaders to the power of global markets, helped them accept competition at home and abroad, and raised the confidence of consumers. Our hard currency reserves have gone up from a mere $1.5 billion in 1991 to over $220 billion today. The reforms encouraged entrepreneurship and gave confidence to businessmen and entrepreneurs to dream big, create jobs, enhance exports, acquire companies abroad and follow the finest principles of corporate governance. Telecom Revolution No other technology has brought India--the urban and the rural--together so effectively as the 500-line EPABX designed and implemented by the Center for Development of Telematics under the leadership of Sam Pitroda. This program brought fresh confidence to the people, as they could reach out, in a jiffy, to their loved ones, officials and doctors, just to name a few. People no longer feel that they live in isolation.
Space Technology Yash Pal's Satellite Instructional Television Experiment blossomed into a full-scale television facility connecting millions of villages of India. Television has made our political masters realize that their actions and inactions will be seen and judged by every citizen--from the forgotten villages of Assam to the activist villages of Kerala. This technology has given voice
