Public Policy
Gold pulled India back from the edge of crisis 35 years ago
· 30 July 2026 · 2 min read
The Economic Times has reported a new India-focused policy development: “Gold pulled India back from the edge of crisis 35 years ago.” The publisher's feed describes the story as follows: Thirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining moments in the country's economic history. The emergency gold airlift bought crucial time for the landmark 1991 economic reforms that transformed India from a licence-permit ec
Original reporting by The Economic TimesRead the full story
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