sat down to write this piece on Dr. Manmohan Singh immediately after attending the cremation ceremony at Nigambodh Ghat. I have known Dr. Singh for more than 50 years, during which period he was for me a role model, mentor and friend. It is not easy to compress in an oped all that I would like to say about him, but much that needs to be said has already been said in the press coverage of the last two days. The reforms of 1991, which he introduced as finance minister in the P.V. Narasimha Rao government, are undoubtedly the most important part of his legacy. They brought about a decisive change in India's economic policies and performance, and it is now widely recognized that this change of direction set the stage for India's emergence as one of the world's fastest-growing emerging economies.
While economists and businessmen know that the reforms were truly transformational, I do worry that two-thirds of our population was born after 1991 and even the young adults among them have only a vague idea of the damaging policies they replaced. As the world re-arranges its views on protectionism and greater government intervention gains popularity around the world, there is a real danger of some of the earlier discredited policies creeping back.
Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Mint Bangalore.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Mint Bangalore.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Indian Art May Be Poised for a Global Breakthrough
Early last year, Delhi-based Rohini Devasher became the first Indian to be recognised by Deutsche Bank as their 'Artist of the Year'. This led to her first major monographic exhibition, Borrowed Light, which opened in Berlin at the Palais Populaire in September and will be on display till early March.
Smart Gnomes, Evil Penguins and Stop-Motion
Wallace & Gromit Are Back for a Full-Length Adventure With a Familiar Foe
5 Contemporary Artists on the Books That Inspire Them
Leading Indian artists such as Shilpa Gupta, Anju Dodiya and Thukral & Tagra share their favourite recent reads
Abandon Myopic Policies for the Common Global Good
Policies of the US, China and India Should Prioritize Long-Term Gains and Their People Must Push for It
Let's act now to create a resilient, adaptable and skilled workforce
Our demographic dividend, coupled with skills adapted for new opportunities, can give us a competitive advantage globally
The bar for successful obesity drugs has been rising sharply
Nothing else explains why Novo's stock fell after a drug test result
Our Consumption Study Doesn't Feed Policy Well
India's latest survey of household spending on consumption picks up significant trends but offers an unclear snapshot of upper-end expenses. Policy cues should be taken selectively
Manmohan's understated leadership set a fine example
His self-assured openness to all views was an inspiration for decision makers keen to resist groupthink
The Union Budget Should Focus on Lifting Consumption Growth
That is key, since investments haven't picked up, but there may be little fiscal space for big tax cuts
Rupee Slide: What It Means for India and Your Wealth
Investments must align with your objectives and risk appetite, not currency depreciation
