How India's 1991 crisis led to economic liberalization

A 1991 crisis pushed India to open its economy

In 1991, India faced a severe shortage of money needed to pay for imports and foreign debts. The crisis pushed the government to loosen its control over the economy, open the country to more foreign investment, and give private businesses more room to grow.

Italian staples came from the Americas

Potatoes, tomatoes, and maize came from the New World. Though now strongly linked with Italian cooking, they became main ingredients in Italy only from the 18th century.

Dragonfish hunt with red light most deep-sea animals cannot see

Some deep-sea dragonfish make red light and can see it. Most other animals in the deep ocean cannot because natural red light disappears near the surface. The fish can therefore light up red prey without making the scene visible to many nearby animals.

Like this? There’s a whole feed of it. Replace empty scrolling with things worth knowing.

Download Hence for free

How India's 1991 crisis led to economic liberalization

A 1991 crisis pushed India to open its economy

Discover something new