“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.
Bu hikaye Business Standard dergisinin December 28, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin December 28, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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