Retrospectives: Best of Business Today ; Bt's Anniversary Specials... ...Have Not Just Been Chronicling the Travails and Triumphs of India Inc. But Also Been Guiding and Setting the Agenda for It. Here's the Proof:

Summary

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1993

There was a lot that happened in 1992 that could have become the focus of Business Today's first anniversary issue. There were momentous policy changes taking place as part of the economic reforms promised to the International Monetary Fund. Then, there was the dramatic rise and crash of the stock market thanks to the Harshad Mehta scam. But BT had its sights fixed on the future when the government and business would be tested for their seriousness in making the economy and companies globally competitive.

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Retrospectives: Best of Business Today ; Bt's Anniversary Specials... ...Have Not Just Been Chronicling the Travails and Triumphs of India Inc. But Also Been Guiding and Setting the Agenda for It. Here's the Proof:

In the wake of the balance of payments crisis in 1991, it had become imperative for India to grow its exports to fund its imports. For this to happen, Indian business had to compete globally. But how? BT made this key question the theme for its first anniversary issue. It found out that a growing number of businessmen had already begun to believe they could compete globally. ITC Chairman Krishan Chugh, for one, believed Indian businessmen could be world beaters.

Postscript Today, going global is considered a natural, even necessary, way to grow for Indian companies. This wasn't the case in 1993 when most companies were still fearful of foreign competition. BT attempted to change the mindset.

1994

Nineteen ninety-three was truly the year of reckoning for India Inc. The groundwork for profound changes in India's economic landscape had begun. Industry was getting deregulated, reforms were moving apace and the influx of multinationals with powerful brands was forcing Indian companies to streamline their operations and to look at alliances. Many of those early churnings were expected t...

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