
In July 1991, the Indian economy was on the brink of collapse. It barely had money to pay for a few days' with of imports.
To raise funds, the RBI pledged 46.91 tonnes of gold with the Bank of England and the Bank of Japan to raise $400 million.
But it was supposed to be done without public attention. One journalist, however, noticed trunks of gold being taken away. He eventually put together the pieces and broke the story.
He is Shankkar Aiyar, a political analyst, an author and our guest for this week. Listen to him tell Rajesh Jain and Jaimit Doshi tales about how India has changed over the years, sparked by one crisis over another.
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