The acclaimed "architect of India's economic reforms" has gone, mourned by people across political parties and professions, not just economists, civil servants, and journalists. Backed by his prime minister, PV Narasimha Rao, Singh, as finance minister, transformed the challenge of the serious balance of payments crisis of 1991 into an opportunity to implement the most wide-ranging and sustained programme of economic reforms ever undertaken in India. Many would agree with this broad statement, though few may recall the key themes that underpinned these reforms, let alone the major policy actions taken. A brief summary might remind us of just how much we owe to this remarkable statesman-technocrat.
Bu hikaye Business Standard dergisinin December 30, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin December 30, 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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