The End of India's Licensing Regime: A Historical Overview

Discover the historical overview of India's licensing regime, known as the Licence Raj, and how it stifled entrepreneurship and innovation. Learn how it ended in 1991 and how India's economy has evolved since then to become the world's fifth-largest economy.

The End of India's Licensing Regime: A Historical Overview
The end of the License Raj in 1991 marked a significant turning point in India's economic history. It allowed for a more liberalized and open economy that encouraged economic growth and development.