Liberalisation & liberalism: Legacy of Manmohan Singh
4 days, 12 hours ago

Liberalisation & liberalism: Legacy of Manmohan Singh

Hindustan Times  

The unexpected eruption of nostalgia and admiration for Manmohan Singh from people across the country is testimony to what he stood for. Till the year 1991, India’s foreign exchange reserve used to be very low — approximately $5 billion. Because foreign exchange was so low, India had strict rules prohibiting people from taking foreign exchange out of the country. If you do not allow people to take foreign exchange out of the country, they will try not to bring foreign exchange into the country, since once in, the money would be trapped. Among the many reforms that Dr Singh initiated in 1991; an important one was the lifting of restrictions on the foreign exchange being taken out of the country.

India Country Foreign Exchange Singh Foreign Manmohan Singh Exchange Dr Singh Liberalism Legacy  liberalism  legacy  singh  exchange  foreign  liberalisation  money  indias  delhi  india  dr  soon  country  manmohan

History of this topic

Manmohan Singh, the Prime Minister with a vision for nation’s growth
Trending News
5 days, 8 hours ago

Manmohan Singh, the Prime Minister with a vision for nation’s growth

Hindustan Times  

With the reforms of 1991, former prime minister Manmohan Singh not only pulled India back from the brink of bankruptcy but also helped the country strut the global stage as a rising economic power. A lesser-known fact about the “commanding heights” of India’s socialist-era planning is that the erstwhile Planning Commission worked closely with US and British economists to formulate …

Manmohan Singh’s policies bore imprint of his far-sighted academics
Trending News
5 days, 15 hours ago

Manmohan Singh’s policies bore imprint of his far-sighted academics

Hindustan Times  

With the reforms of 1991, former prime minister Manmohan Singh not only pulled India back from the brink of bankruptcy but also helped the country strut the global stage as a rising economic power. A lesser-known fact about the “commanding heights” of India’s socialist-era planning is that the erstwhile Planning Commission worked closely with US and British economists to formulate …

Manmohan Singh: A reformer who had concern for vulnerable groups
1 week ago

Manmohan Singh: A reformer who had concern for vulnerable groups

Live Mint  

The passing away of Dr Manmohan Singh creates a big void in India’s intellectual scene. The second change in direction was to reverse the strong bias towards state ownership of means of production and proliferation of public sector enterprises in almost every sphere of economic activity. The private sector is being given a larger space to operate in, as some …

From Gah to global glory: How Manmohan Singh scripted India's economic renaissance
Trending News
1 week ago

From Gah to global glory: How Manmohan Singh scripted India's economic renaissance

India Today  

Manmohan Singh, a towering economist and the architect of India’s economic liberalisation, passed away on December 26 at the age of 92. Revered for his quiet demeanour, Singh’s legacy is etched in India’s transformation from a struggling post-colonial economy to an emerging global powerhouse. By opening up the economy to foreign direct investment and streamlining industrial policies, Singh laid the …

Manmohan Singh: Congress Leaders Pay Tribute to a Visionary Leader
1 week ago

Manmohan Singh: Congress Leaders Pay Tribute to a Visionary Leader

Deccan Chronicle  

New Delhi:Former Prime Minister Manmohan Singh's final journey will commence from the 24 Akbar Road All India Congress Committee headquarters to the Nigam Bodh Ghat at 9.30 am on Saturday. "We in the Congress party and the people of India will forever be proud and grateful that we had a leader like Manmohan Singh, whose contributions to India's progress and …

DC Edit | Dr Singh’s growth prescription
1 week ago

DC Edit | Dr Singh’s growth prescription

Deccan Chronicle  

If one sits down to pen India’s economic history after Independence, it could be broadly classified into two eras — Pandit Jawaharlal Nehru’s socialist era from 1950 to 1991 and Dr Manmohan Singh’s liberal economic regime from 1991 onwards. The economic policies before 1991 were largely influenced by India’s suspicion of foreign traders, in view of its experience with the …

Manmohan Singh: Congress Leaders Pay Tribute to a Visionary Leader
1 week ago

Manmohan Singh: Congress Leaders Pay Tribute to a Visionary Leader

Deccan Chronicle  

New Delhi:Former Prime Minister Manmohan Singh's final journey will commence from the 24 Akbar Road All India Congress Committee headquarters to the Nigam Bodh Ghat at 9.30 am on Saturday. "We in the Congress party and the people of India will forever be proud and grateful that we had a leader like Manmohan Singh, whose contributions to India's progress and …

An Indian visionary committed to regional peace: South Asian leaders remember Manmohan Singh
1 week ago

An Indian visionary committed to regional peace: South Asian leaders remember Manmohan Singh

The Hindu  

“Take steady steps and take your time” was the advice then Prime Minister Manmohan Singh gave Hamid Karzai, who became President of Afghanistan at the age of 45, when he first met him in 2004. Speaking to The Hindu on Friday, Mr. Karzai said India and Afghanistan had the “best relations” during Dr. Singh’s tenure, as India became Afghanistan’s first …

Dr Manmohan Singh's reforms redefined India's trajectory as a rising global power
1 week ago

Dr Manmohan Singh's reforms redefined India's trajectory as a rising global power

Deccan Chronicle  

New Delhi: Former Prime Minister Dr Manmohan Singh, who breathed his last on Thursday night, had a legacy of economic reforms in India. REACTIONS: Recalling Dr Singh's contributions as the architect of India's economic reforms, RBI Governor Sanjay Malhotra said on Friday that India’s economic reforms have left an indelible mark. Former RBI governor Urjit Patel also said Dr Singh …

Manmohan Singh's reforms transformed India, unshackled economy: Economists
1 week ago

Manmohan Singh's reforms transformed India, unshackled economy: Economists

Deccan Chronicle  

New Delhi: Former Prime Minister Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians, first deputy managing director of the International Monetary Fund Gita Gopinath said on Friday. "Dr Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians. Former RBI Governor Raghuram …

How Manmohan Singh pulled India from brink of economic death | From the archives
1 week, 1 day ago

How Manmohan Singh pulled India from brink of economic death | From the archives

India Today  

In 1991, India's economy was in a mess and on the verge of collapse. Jakhar's support to the new economic package is critical because the government will have to slash fertiliser subsidies—a move he is ready to back, though he would like the cut to be compensated through "remunerative prices to farmers". A senior World Bank executive in Washington D.C. …

Manmohan Singh's key reforms that shaped Indian economy
1 week, 1 day ago

Manmohan Singh's key reforms that shaped Indian economy

India Today  

"I honestly believe that history will be kinder to me than the contemporary media, or for that matter, the opposition parties in Parliament," Dr Manmohan Singh famously said in 2014 towards the end of his second term as the Prime Minister. THE 1991 ECONOMIC REFORMS Manmohan Singh’s reforms were centred around liberalisation, privatisation, and globalisation, which fundamentally changed the Indian …

How Manmohan Singh revitalised India's economy and global standing
1 week, 1 day ago

How Manmohan Singh revitalised India's economy and global standing

India Today  

India has bid farewell to one of its most influential economic visionaries, former prime minister Manmohan Singh, who passed away at the age of 92 on Thursday. Renowned for his calm demeanour and insightful leadership, Singh was instrumental in shaping India’s economic trajectory and contributing to global economic reforms. At this critical juncture, Manmohan Singh, then the Finance Minister under …

How Indian stock market benefitted under Manmohan Singh
1 week, 1 day ago

How Indian stock market benefitted under Manmohan Singh

India Today  

“No power on earth can stop an idea whose time has come. His policies, introduced during a time of economic crisis in the early 1990s, reshaped India’s economy and transformed the Indian stock markets. TRANSFORMATIVE ECONOMIC REFORMS Manmohan Singh’s tenure as Finance Minister saw the implementation of bold measures that liberalised India’s economy. "As the nation pays homage to Manmohan …

Manmohan Singh: Astute economic thinker who leaves behind a lasting legacy
1 week, 1 day ago

Manmohan Singh: Astute economic thinker who leaves behind a lasting legacy

Hindustan Times  

What is the economic legacy of Manmohan Singh in India? To be sure, Singh’s ideas of a mixed economy were radically different from what his party, the Congress, tried to achieve when India gained Independence. In his essay The Road to the 1991 Industrial Policy Reforms and Beyond, published in the collection India Transformed: 25 Years of Economic Reforms, former …

When Manmohan Singh Scrapped 'Licence Raj' And Saved India From An Economic Crisis With His 'L P G Reforms'
1 week, 1 day ago

When Manmohan Singh Scrapped 'Licence Raj' And Saved India From An Economic Crisis With His 'L P G Reforms'

ABP News  

Manmohan Singh's legacy will live on for generations to come. In Pics: Times When Manmohan Singh Used Cricket Diplomacy To Ease India-Pakistan Relations Road To Crisis: How India Arrived At The 1991 Economic Ruin In 1991, India faced one of its most severe economic crises, teetering on the brink of default. Prime Minister PV Narasimha Rao realised the dangerous situation …

Manmohan Singh passes away: Four major reforms by former PM of India
1 year, 3 months ago

Manmohan Singh passes away: Four major reforms by former PM of India

Live Mint  

Dr. Manmohan Singh, passed away on December 26, 2024, at AIIMS Delhi. These represent only a selection of the significant decisions and initiatives connected to Dr. Manmohan Singh's roles as India's Prime Minister and a prominent figure in the Indian government. National Rural Employment Guarantee Act Under Dr. Manmohan Singh's leadership, the government introduced the National Rural Employment Guarantee Act …

Road Ahead More Daunting, Need to Recalibrate Priorities: Manmohan Singh on 30 Yrs of Liberalisation
3 years, 5 months ago

Road Ahead More Daunting, Need to Recalibrate Priorities: Manmohan Singh on 30 Yrs of Liberalisation

News 18  

The road ahead is even more daunting than during the 1991 economic crisis and the nation would need to recalibrate its priorities to ensure a dignified life for all Indians, said former prime minister Manmohan Singh on Friday. In a statement marking the 30th anniversary of economic liberalisation, Singh said he was deeply saddened at the devastation caused by the …

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