A TESTAMENT TO THE POWER OF QUIET CONVICTION
Mint Hyderabad|December 28, 2024
Manmohan Singh stood out as a leader who spoke sparingly but acted decisively
HARSH GOENKA

When prime minister Narasimha Rao handpicked Manmohan Singh as finance minister in 1991, it was an audacious gamble. Here was a technocrat—soft-spoken, unassuming and seemingly ill-suited to the cut-throat world of politics. But Rao's instincts were correct. Facing a near-catastrophic balance-of-payments crisis, Singh unlocked India with reforms, dismantled decades-old red tape and gave wings to the nation's entrepreneurial spirit. His economic liberalization laid the foundation for modern India, his diplomacy expanded its global influence, and his integrity inspired trust in public life.

His 1991 Budget speech is now the stuff of legend: "No power on Earth can stop an idea whose time has come." These words, delivered in his trademark monotone, masked the monumental shift they heralded. Singh's reforms opened India to global markets, attracting investments, boosting industries, and laying the groundwork for the IT revolution. Millions were lifted out of poverty, and India's GDP growth began its ascent to global prominence.

An economist of rare brilliance, a statesman of unshakable integrity, and a man of quiet yet unyielding resolve, Singh leaves behind a legacy that defies the noisy rhetoric of politics. His life story—one of humble beginnings, transformative achievements, and steadfast principles—mirrors the aspirations of a modern, self-assured India.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT HYDERABADView all
Mint Hyderabad

Nominee Laws at Crossroads: From Trustee to Ownership, A Case for Reforms

The notion of a nominee being a mere trustee complicates the case for asset succession

time-read
3 mins  |
January 24, 2025
Mint Hyderabad

Zee Ent Q3 profit soars nearly 3-fold

Zee Entertainment Enterprises Ltd clocked a net profit of ₹164 crore for the third quarter ended December, a 180% increase from the ₹58.5 crore a year earlier.

time-read
1 min  |
January 24, 2025
Mint Hyderabad

Akasa Air is well-capitalized, path to profitability intact

CEO Dube said the country's two newest airports should help improve its profitability

time-read
1 min  |
January 24, 2025
Mint Hyderabad

Declaring pre-existing diseases and timelines: Know the rules

What is the time limit for pre-existing diseases when buying health insurance? Do I need to declare a decade-old hospitalization or illness? I declared an illness from 10 years ago, and the insurer excluded it from the pre-existing conditions list. Is this correct? -Name withheld on request

time-read
2 mins  |
January 24, 2025
Mint Hyderabad

HDFC Bank walks loan tightrope

DFC Bank Ltd performed well in Q3FY25 but reported a high loan-deposit ratio (LDR) of 98%, indicating less-than-ideal liquidity to cover urgent fund requirements.

time-read
2 mins  |
January 24, 2025
Mint Hyderabad

CCI Ban on WhatsApp Data-Sharing on Hold

No relief on ₹213 crore fine; experts say order undermines CCI's authority

time-read
2 mins  |
January 24, 2025
Mint Hyderabad

Inclusive growth key pillar of India's economic blueprint

India will comfortably maintain a 6-8% economic growth rate while keeping inflation under check in the years to come, senior Union railways minister Ashwini Vaishnaw said on Thursday in a statement.

time-read
1 min  |
January 24, 2025
Mint Hyderabad

India will clock fastest growth rate: Andhra CM Naidu at Davos

Andhra Pradesh chief minister N. Chandrababu Naidu has said that India's golden era has started and the country will clock the fastest growth rate.

time-read
1 min  |
January 24, 2025
Mint Hyderabad

Donald Trump to take virtual centre stage in Davos

Chief executives will be given the chance to lob questions at the new US President Donald Trump

time-read
1 min  |
January 24, 2025
Mint Hyderabad

RBI Likely to Transfer Another Bumper Payout

The central bank will likely make another windfall payout to the government on account of its intervention in currency markets to stem the decline in the rupee, according to economists.

time-read
1 min  |
January 24, 2025