AS THE NATION mourns the passing of former Prime Minister Dr Manmohan Singh, I reflect on my professional and personal association with him. His demise marks the loss of a visionary economist, a statesman, and a leader whose humility and grace distinguished him in public life. Having witnessed his leadership up close, I am reminded of the profound impact of his intellect and values on the nation's journey.
Having been associated with the technology sector since the 1970s, I vividly recall the challenges we faced in hardware and technology imports. The economic liberalisation of 1991 came as a transformative moment that few could have imagined. What was once a herculean task—even importing basic computing equipment—gave way to an era of unprecedented growth. Today, that same sector has grown from a mere $150 million in 1991 to over $245 billion in annual revenue, employing 5.4 million directly and creating indirect employment for over 10 million Indians. The reforms did not just open up the economy; they unleashed India's entrepreneurial spirit, putting the nation on the global map and creating opportunities for youths across the length and breadth of the country.
Denne historien er fra December 28, 2024-utgaven av Financial Express Delhi.
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Denne historien er fra December 28, 2024-utgaven av Financial Express Delhi.
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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US set to lift curbs on Indian nuclear entities
EYEING DEEPER ENERGY TIES
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
Consent manager framework: A key Big Tech concern
CONSENT MANAGERS MUST meet stringent registration criteria, including being based in India with a minimum net worth of ₹2 crore and implementing robust security measures to prevent data breaches.
Q-comm boost to gig worker hiring in 2025
THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.
Eight jawans among 9 killed in Naxal attack
IN THEIR BIGGEST strike on security forces in Chhattisgarh in two years, Naxals blew up a vehicle using an improvised explosive device weighing 60 to 70 kg, killing eight security personnel and their civilian driver in Bijapur district on Monday, police said.
Banks: Slower loan growth a worry
Asset quality concerns ease
Cautious outlook for auto companies in Q3
● No segment shows growth except tractors
In search of a growth driver
DIFFICULT TO IDENTIFY A SECTOR THAT HAS POTENTIAL TO LIFT ECONOMY TO A HIGHER TRAJECTORY
SBI Cards: Credit costs to improve
● Management strengthens risk assessment measures
Tesla and Waymo should learn from '24 air crashes
If you yearn for a future where you can travel from place to place in safety and comfort, some of the major transport events of 2024 might feel like a setback.
