2. Interview your grandparents and find out how things have changed since the
were your age in the following areas:
Then
Now
Currency
Means of transport
Type of ticket
Travel package
Any other
Answers
Answer:
End of Licence Raj: 1991
Putting an end to “Licence Raj” was one of the chief goals of the 1991 economic liberalisation process.
The Licence Raj was a system of licences, regulations and accompanying red tape that were needed in order to set up and run businesses in India between 1947 and 1990.
The Licence Raj was a result of India's decision to control the economy and give out licences to only a select few. During that period, nearly 80 government agencies had to be satisfied before private companies could produce something and, if a licence is granted, the government would regulate the production.
However, reforms since 1991 significantly reduced these regulations and the business houses could work without having to worry about unnecessary “red tapism.”