Manmohan Singh, former PM and finance minister who launched India's 1991 economic reforms, died last week. He earned the media's glowing tributes. He was extraordinary, creating prosperity for the middle class—who later turned against him. Yet he remained constrained by his party's dynastic politics.
Though his life held many accomplishments, his legacy centers on the 1991 liberalization. For 34 years, these reforms have been celebrated as transformative. But questions remain about their true impact. While they freed India from socialist-era restrictions that had hampered growth, it's debatable whether the benefits reached all segments of society or just certain classes.
The human development index of India in 1991 was 0.433 and in 2024, it is estimated to be 0.644. This is an impressive growth. However, the devil is in the detail. In 1991, Indian rank was 114, and in 2024 it is 134. It means that though India has improved, most other countries have improved more in the same period, so much so that, we have slipped in relative rank. India's rank in the gender inequality index was 142 in 1991. In 2024, it is 129 out of 146 countries. Though we have marginally improved, we still remain at the bottom rungs in gender equality. The income inequality that has resulted in these 34 years is mind-boggling.
هذه القصة مأخوذة من طبعة January 05, 2025 من The New Indian Express Dharmapuri.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 05, 2025 من The New Indian Express Dharmapuri.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Admin bans community feasts in village hit by mysterious deaths
EVEN as the high-level inter-ministerial team visited remote Budhal village in Jammu and Kashmir's Rajouri district on Monday to ascertain the cause of the 17 deaths in three families due to a mysterious illness, the administration sealed the spring in the affected village after water samples from it tested positive for a few pesticides and insecticides and also banned community feasts in the village.
Sinner beats dizziness, Rune in round four
JANNIK Sinner battled dizzy spells on Monday to reach an Australian Open quarter-final against Alex de Minaur, admitting a long interruption when he accidentally broke the net was \"big, big luck\".
M'luru cops crack Kotekar bank heist case, arrest 3 from Nellai
IN a major breakthrough, Mangaluru city police cracked the Kotekar Co-operative Bank robbery case within 60 hours and arrested three prime accused, said to be part of a notorious gang from Mumbai's Dharavi.
NIMAS team finishes Arunachal leg of Brahmaputra rafting expedition
A team of the National Institute of Mountaineering and Adventure Sports (NIMAS) has achieved a milestone by completing the Arunachal Pradesh leg of the historic Brahmaputra River Rafting Expedition.
Plan to deport immigrants is a disgrace: Pope
POPE Francis said Donald Trump's plans to impose mass deportations of immigrants would be a \"disgrace,\" as he weighed in on the incoming U.S. president's pledges nearly a decade after calling him \"not Christian\" for wanting to build a wall along the U.S.-Mexican border.
IOB Profit Rises 21% on Loan Growth, Recoveries
CHENNAI-based public sector lender Indian Overseas Bank on Monday reported a close to 21% increase in net income at ₹874 crore, boosted by improved asset quality and higher recoveries in the December quarter of the current financial year (FY25) compared to ₹723 crore in the year ago period.
47 candidates in fray in Erode; NTK gets 'mike' symbol again
EIGHT candidates withdrew their nominations on Monday to contest in the bypoll in Erode East, leaving 47 contestants in the fray.
Appavu walks out of meeting of speakers after RS deputy chief objects to remarks on TN guv
TAMIL Nadu Speaker M Appavu on Monday walked out of a meeting at the two-day 85th All India Presiding Officers' Conference in Patna after Deputy Chairman of the Rajya Sabha Harivansh Narayan Singh objected to certain remarks Appavu was making about the Tamil Nadu governor in his speech.
U'KHAND CABINET CLEARS UCC RULES
THE Uttarakhand Cabinet on Monday approved the Uniform Civil Code's (UCC) regulations, close to a year after the legislation was passed by the state assembly.
Ahead of Belagavi rally, Cong seeks Bhagwat's apology over I-Day speech
AS the Congress is set to hold 'Jai Bapu, Jai Bhim, Jai Samvidhan' rally in Karnataka's Belagavi, the party reiterated its demand that RSS chief Mohan Bhagwat must apologise for the 'anti-national' statement he delivered on the freedom movement.
