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.
この記事は Mint Ahmedabad の December 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Mint Ahmedabad の December 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Jaiprakash Associates must be sold as one unit: NCLT
The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals.
Fitch Cuts Adani Energy's Outlook
Fitch Ratings cut the outlook on Adani Energy Solutions Ltd to negative on concerns that US investigations could reveal that the group's corporate governance practices are weaker than its expectation.
Market indices flashing red shouldn't stop IPOs
India's stock market correction has slowed share issuance down. Risk-off investor behaviour; however, does not mean value offers will be overlooked. Confident issuers should go ahead
Trump's political coalition could collapse under its contradictions
Divergent world-views may co-exist but people's special agendas make ruptures all but inevitable
Godrej Mulls More Price Hikes for Soaps
Godrej Consumer Products will keep raising prices of its soaps gradually to protect margins amid rising palm oil prices, the consumer goods maker's top boss said on Monday.
Only English please: Trump's order is more than symbolism
It's yet another arrow in the US president's anti-diversity quiver
Investors eye Indian bonds on RBI rate cut
Investors are positioning for a rally in Indian bonds on bets the central bank will go for more interest-rate cuts this year to power the economy.
Cyber fraud losses surge 10-fold in 10 yrs: finance ministry
Indians could lose over ₹1.2 tn due to cyber fraud over the next year
Retail inflation likely eased to 3.9% in Feb
India's retail inflation likely eased further to 3.9% in February from 4.3% in the previous month, driven by a continued decline in food prices, according to a Mint poll of 25 economists.
U.S. Bolsters Position as World's Top Arms Exporter
Trump's Ukraine policy is raising concerns among European nations about future purchases
