Some of the key policies and schemes that today underpin India's pursuit of inclusive growth rely on the nuts and bolts built during Manmohan Singh's decade-long prime ministership between 2004 and 2014, building on the country's bold embrace of reforms in 1991 during his term as finance minister in the P.V. Narasimha Rao government, according to economists and observers.
Transfer of welfare benefits straight to the account of the recipient, the rural jobs scheme named after Mahatma Gandhi that offers a legally guaranteed fall-back option to many whenever the weather-dependant rural economy suffers a shock, and a law guaranteeing food security shine through India's welfare framework, while the Aadhaar-backed identification system powers India's digital economy success.
A towering statesman and the driving force behind India's economic reforms, Singh passed away on Thursday at 92, leaving a legacy that has reshaped India's economic and welfare landscape.
Esta historia es de la edición December 28, 2024 de Hindustan Times.
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