Sardar of reforms: Manmohan Singh’s legacy shapes India’s future
2 weeks, 4 days ago

Sardar of reforms: Manmohan Singh’s legacy shapes India’s future

Live Mint  

New Delhi: Some of the key policies and schemes that today underpin India’s pursuit of inclusive growth rely on the nuts and bolts built during Manmohan Singh’s decade-long prime ministership between 2004 and 2014, building on the country’s bold embrace of reforms in 1991 during his term as finance minister in the P.V. Inclusive growth As prime minister, Singh championed inclusive growth through welfare initiatives like the 2013 National Food Security Act, which provided subsidized food grains to two-thirds of India’s population, addressing hunger and malnutrition. Narasimha Rao, he brought about a paradigm shift from an India ridiculed for its ‘Hindu rate of growth’—an India that faced a catastrophic economic crisis stemming from the twin deficits of a balance-of-payments crisis and a huge fiscal deficit—to an India that achieved about 7% steady growth and emerged as a growth driver of the global economy," said Manoranjan Sharma, chief economist, Infomerics Ratings, and a former chief economist with Canara Bank. RBI joins the nation in mourning this huge loss," RBI governor Sanjay Malhotra said in a post on X. Indu Shekhar Chaturvedi, former private secretary to Singh and former secretary in the ministry of new and renewable energy told Mint: “I worked with Dr. Manmohan Singh for six years when he was Prime Minister of India.

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