“I honestly believe history will be kinder to me than the contemporary media.” These were the words of Manmohan Singh at his last press conference as Prime Minister in 2014.
If history is to be told through data on economic performance, it may be kinder to Singh for his first stint (2004-2009) and not the second one (2009-2014). Average annual economic growth in the first four years of his government stood at 7.9 per cent before the global financial crisis, triggered by the collapse of Lehman Brothers on September 15, 2008, pulled economic expansion down to 3.1 per cent in 2008-09. Even so, the average economic growth stood at 6.9 per cent during Singh Government 1.0.
Denne historien er fra December 28, 2024-utgaven av Business Standard.
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Denne historien er fra December 28, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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