Continued from Page 1
As finance minister under Prime Minister P V Narasimha Rao, Singh implemented a comprehensive set of economic reforms, including deregulation, trade liberalization, and a shift towards a market-oriented economy. In 1991, when India was on the brink of defaulting on its external debt and had to pledge gold to secure loans, Singh's interventions helped stabilize the economy. His policies set the stage for India's rapid economic growth in the decades that followed.
Singh's success as a technocrat and policymaker gained him international recognition. The reforms he championed not only salvaged the country from economic ruin but also paved the way for India's integration into the global economy. The reforms, which included privatization and the reduction of state intervention in business, helped the country expand its economic base and attracted foreign investment.
Singh's ascension to the role of Prime Minister in 2004 was unexpected. Sonia Gandhi, the leader of the Congress party, had been widely expected to take the position, but she nominated Singh for the role after stepping back from the political spotlight. Singh, known for his academic brilliance and policy expertise, was seen as a safe choice to lead the country, especially in a coalition government where consensus was key.
As Prime Minister, Singh focused on expanding India's economic and diplomatic reach, continuing the reforms he had initiated as finance minister. His government implemented key initiatives aimed at alleviating poverty, improving education, and enhancing healthcare. Singh was instrumental in signing the landmark Indo-US nuclear deal in 2008, a move that brought India closer to the global community, but it also led to tensions with the Left parties, which were part of the ruling coalition at the time.
Denne historien er fra December 27, 2024-utgaven av Millennium Post Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 27, 2024-utgaven av Millennium Post Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
DFCCIL MD inspects final stretch of Western Dedicated Freight Corridor in Maharashtra
The Vaitarna-JNPT section will be the final leg of the WDFC
Kejriwal, wife Sunita, Atishi, Mann among AAP's star campaigners for Delhi polls
AAP supremo Arvind Kejriwal, his wife Sunita Kejriwal, Delhi Chief Minister Atishi and her Punjab counterpart, Bhagwant Singh Mann, are among the party's star campaigners for the upcoming Assembly polls in the national capital, party leaders said on Sunday.
ArcelorMittal Nippon Steel set to commission two production lines in 2025 at Gujarat facility
ArcelorMittal Nippon Steel India on Sunday said it is set to commission two production lines at its Gujarat-based facility this year to produce advanced automotive steel products.
SC Appoints Amicus to Examine Plea on Disclosure of Answer Keys, Marks of Civil Service Exam
A bench of Justices P S Narasimha & Manoj Misra appointed senior advocate Jaideep Gupta as amicus curiae
India-US relationship truly an enduring story of love for ages
Prime Minister Narendra Modi and President Joe Biden raised the \"compelling and consequential\" partnership between the US and India to new heights, outgoing US ambassador Eric Garcetti said on Sunday.
Congratulate EC for its commitment to fair elections: PM
'MANN KI BAAT' BROADCAST
Racist Aussies needle Novak Djokovic at Australian Open
You do not mess around with Novak Djokovic. On Saturday night, the Serbian tennis star showed his disgust as he boycotted an on-court interview with Channel 9 at the Australian Open.
India & Indian states hog limelight ahead of WEF meet
India is sending its biggest-ever contingent this time, comprising five union ministers, three chief ministers and ministers from several other states alongside nearly 100 CEOs and other leaders
RSS Holds 2-Day Session With BJP, Allied Outfits
The Rashtriya Swayamsevak Sangh (RSS) is holding a brain-storming session here with office-bearers of the BJP and other allied organisations, a functionary said on Sunday.
Mega drinking water project's phase-2 to begin soon in Siliguri
RS 304 CRORE ALLOCATED FOR THIS PHASE