Ex-PM Manmohan Singh, architect of India's economic...
Millennium Post Kolkata|December 27, 2024
Facing a financial crisis, Singh masterminded a series of reforms that liberalized the Indian economy, ending the era of the "License Raj" and ushering in an era of economic growth that transformed India into one of the world's major emerging markets.

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.

Bu hikaye Millennium Post Kolkata dergisinin December 27, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Millennium Post Kolkata dergisinin December 27, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MILLENNIUM POST KOLKATA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Millennium Post Kolkata

Kriti explains why 'Jab We Met' is an iconic film

She was seen in the streaming movie 'Do Patti'

time-read
1 min  |
Kolkata 03January2025
Millennium Post Kolkata

Armaan and Aashna are finally married

Singer Armaan Malik is finally married to his longtime girlfriend and influencer, Aashna Shroff.

time-read
1 min  |
Kolkata 03January2025
Millennium Post Kolkata

Rukmini Maitra gets emotional at poster launch at Binodini Theatre

She will be seen essaying the character of Binodini Das in 'Binodini: Ekti Natir Upakhyan'

time-read
1 min  |
Kolkata 03January2025
Millennium Post Kolkata

Shahid bags a 'raw' deal with 'Deva'

The action film is undoubtedly a highly anticipated project of 2025

time-read
1 min  |
Kolkata 03January2025
Millennium Post Kolkata

Dev's 'Raghu Dakaat' to hit screens in Puja 2025

FIRST LOOK

time-read
1 min  |
Kolkata 03January2025
Millennium Post Kolkata

Jennifer Feels Subject of 'Unstoppable' Deserves All Attention

The sports drama has been earning awards buzz

time-read
1 min  |
Kolkata 03January2025
Millennium Post Kolkata

Shastri won't be surprised if Rohit retires

Former India head coach Ravi Shastri will not be surprised if under-fire captain Rohit Sharma announces his Test retirement in near future, saying talented and in-form youngsters like Shubman Gill are knocking hard on the doors of the side.

time-read
1 min  |
Kolkata 03January2025
Millennium Post Kolkata

Gunners fire on all cylinders

Outclass Brentford 3-1 to close gap on leaders Liverpool

time-read
1 min  |
Kolkata 03January2025
Millennium Post Kolkata

Long rope for Rohit nears end?

Rohit Sharma will become the first Indian skipper to be dropped midway through an international series if reports turn out to be true

time-read
3 dak  |
Kolkata 03January2025
Millennium Post Kolkata

No National Sports Awards for Bumrah, Dravid raises eyebrows

Athletes and coaches are celebrating as the National Sports Awards were announced on Thursday.

time-read
2 dak  |
Kolkata 03January2025