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Looking Back at Atal Bihari’s Key Reforms that Changed India for Good

August 24, 2018

Looking Back at Atal Bihari’s Key Reforms that Changed India for Good

The recent demise of ex-PM Atal Bihari Vajpayee has shocked and saddened many. He was considered as one of the best statesmen India ever had. Let’s take a look at some of the major economic reforms that his government brought when they were in power:

  • Vajpayee’s government played a key role in taking the country’s road and infrastructure to the next level through the Pradhan Mantri Gram Sadak Yojana and the Golden Quadrilateral.
  • Vajpayee’s government enacted the Fiscal Responsibility Act which increased public sector savings from 0.8% of GDP in FY 2000 to 2.3% in FY 2005.
  • Vajpayee wanted to keep the government out of the process of running businesses for which he established a disinvestment ministry. Some of the most famous disinvestments include VSNL, BALCO, Indian Petrochemicals Corp.etc. 

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