Ajit Ranade on Manmohan Singh: Scholar, gentleman, great son of India
2 weeks, 4 days ago

Ajit Ranade on Manmohan Singh: Scholar, gentleman, great son of India

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Dr. Manmohan Singh’s passing away is truly the end of an era. His PhD thesis at Oxford was on India’s export prospects, and his 1964 book India's Export Trends and Prospects for Self-Sustained Growth was against the prevailing inclination toward export pessimism. It took another nearly three decades, for India to fully embrace openness and adopt exports also as a driver of economic growth. The economic reforms unleashed in 1991, with dismantling of the Licence Raj, deregulation of banking and opening up of the economy for trade and foreign investment, are some of Singh’s most prominent legacies as finance minister. This was because the audacity of the reforms was buttressed by Finance Minister Manmohan Singh’s consultative style and co-opting of diverse views.

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