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Fri, December 27, 2024
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How Manmohan Singh revitalised India's economy and global standing

How Manmohan Singh revitalised India's economy and global standing


Published on 2024-12-27 04:01:18 - MSN
  Print publication without navigation

  • As the chief architect of India's 1991 economic liberalisation, Manmohan Singh's policies helped steer India away from a severe financial crisis, positioning the country as one of the world's fastest-growing economies.

The article discusses how former Indian Prime Minister Manmohan Singh significantly revitalized India's economy and enhanced its global standing during his tenure. Singh, known for his economic reforms, was instrumental in liberalizing the Indian economy in the early 1990s as Finance Minister, which laid the groundwork for India's economic growth. His policies focused on reducing the Licence Raj, encouraging foreign investment, and promoting economic liberalization. As Prime Minister, he continued these efforts by pushing for reforms in various sectors, including infrastructure, education, and rural development through initiatives like the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). His leadership also saw India's IT sector boom, making the country a global player in technology services. Furthermore, Singh's diplomatic approach helped in strengthening India's international relations, particularly with the United States, through the Indo-US nuclear deal, which was pivotal in elevating India's status in global politics. His tenure is often credited with setting the stage for India's economic rise and increasing its geopolitical influence.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/how-manmohan-singh-revitalised-india-s-economy-and-global-standing/ar-AA1wyRyA ]