It was on 15 March 1968 that IE commenced publication as a fortnightly economic journal. Releasing the inaugural issue, V R Nedunchezhiyan, then TN Minister for Industry, welcomed this pioneering effort in the south. The first copy was received by the well-known economist Dr P S Lokanathan. In his presidential address, the Bhishma Pitamaha of stock-broking in the south, S Narayanaswamy of Chitra & Co presented a succinct picture of the economy and welcomed IE as THE business magazine of the south that would focus on economic issues of the region.
At that time, there were three other journals - one from the east (Capital), the west (Commerce) and the north (Eastern Economist), owned by large industry houses. They were well-established and had earned a reputation for their incisive comments on economic issues. IE sought to fill the vacuum in the south.
As a business magazine of the south, we focused on economic issues of the region. Over 100 reports were presented on southern corporates and special issues were produced from time to time on important landmarks like inauguration of projects of importance. eg. IE released special issues at the inauguration of work on the three southern steel plants at Salem, Visakhapatnam and Vijayanagar by then Prime Minister Indira Gandhi.
IE had a good mix of experience and youth: veteran economic journalists P R Srinivas and G N Acharya worked with us for long. Renowned cartoonists, Thanu and Gopulu, embellished IE covers and the young team P S Ramamurti and S Narayanan helped in marketing.
The countdown for the golden jubilee in 2018 has begun. We plan to travel down memory lane presenting highlights of coverage at the rate of two years per month.
IE welcomes suggestions to expand its utility and reach.
We wish years of pleasant and fruitful reading of IE. - SV