DC Edit | Singh’s success as economist outweighed failures as PM
Deccan ChronicleIn a remarkable journey from an economist to central banker to a transformational finance minister and then an accidental Prime Minister, his integrity, humility, knowledge and calm and gentle way were Dr Manmohan Singh’s constant companions. His greatest contribution to India will remain his leading the country out of the darkness of a closed economy based on protectionism with a negligible rate of growth to the free market in a stunningly bold move fashioned by his economic wisdom that helped transform the nation into the fastest growing major economy in the world it is today. That he led the country out of nuclear isolation by signing the Indo-US nuclear deal against great odds would rank as his second great contribution in the shaping of modern India. At the height of what was popularly diagnosed as “policy paralysis” when India may have needed very strong leadership because the needle of economic strength after two decades in the open era was also dipping, Dr Singh may have found that his qualities of goodness were inadequate as fears arose that the Indian dream may fade. The silence of a good man may have hastened the path into laissez-faire, as in “let things pass”, and India headed towards a crossroads at which a turn to the right came.