Manmohan Singh: The statesman who championed the market-driven economy
New Indian ExpressDr. Manmohan Singh, widely regarded as one of India's most influential economists, left a lasting impact on both the country’s economic policies and global economic thought. Dr Singh's second term as Prime Minister also saw some policy challenges, including the global financial crisis of 2008 and domestic issues like the 2G spectrum scandal and the slowdown in reform momentum. Dr. Singh’s economic policies laid the foundation for institutional mechanisms like inflation targeting and improved banking regulation, although these were further developed under later leadership. Criticism and challenges By the second term of his Prime Ministership, some critics argued that Dr. Singh’s government became less proactive in implementing economic reforms, particularly in sectors like land acquisition, labor laws, and financial sector reforms.