India relaxed its laws on foreign investments in 1991 and opened its doors to market liberalisation. By the time this programme was made a few years later, India was being referred to as the “sleeping tiger” of Asia, an economy waiting to boom. The middle classes especially had pushed for change, for liberalisation but others warned against the threat of mass consumerism and the loss of cultural identity that financial and commercial globalisation might entail. In this programme, the second in a series, we visit India and join the debate.
Producer: Jaldeep Katwala
Broadcast: April 1, 1994