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Manmohan Singh: The silent Prime Minister or a humane economist?
December 28, 2024
|The New Indian Express Kalaburagi
EXPECTATIONS of Dr Manmohan Singh, the trailblazer of India's new economic policy, is no more. Economists around the world remember him for his brilliance and humility, and predominantly for his role in opening up the state-controlled Indian economy, when he was appointed Finance Minister of India in 1991.
The NIPFP (the think tank of finance ministry where I work) had immense opportunities to work with him. It is interesting to recall that in 2004, when Singh was named as Indian Prime Minister, India was embarking into a Common Minimum Programme with dual objectives of economic growth and equity. I remember it was a tough call, given the constrained fiscal space for expenditure design for the poor under the new fiscal rules to contain the mounting fiscal deficits.
Making efforts to phase out revenue deficit, while designing innovative revenue spending for MNREGA to ensure job guarantee schemes, was a tough call during his regime.
هذه القصة من طبعة December 28, 2024 من The New Indian Express Kalaburagi.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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المزيد من القصص من The New Indian Express Kalaburagi
The New Indian Express Kalaburagi
Green nod to Sawalkot Hydropower project
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The New Indian Express Kalaburagi
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1 min
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4 mins
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2 mins
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The New Indian Express Kalaburagi
KIIT placed in 501 cohort globally, 5th Best in India
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1 mins
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The New Indian Express Kalaburagi
Hockey stars get rare chess lesson
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1 mins
October 11, 2025
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IS IT TIME TO TALK ABOUT FIVE-BOWLER STRATEGY?
India's dependence on part-timers could hurt them vs stronger sides
3 mins
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The New Indian Express Kalaburagi
Nobel laureates Abhijit Banerjee, Duflo to leave US
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1 min
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The New Indian Express Kalaburagi
THANK GOD IT'S NOT TRUMP!
Nobel Peace Prize goes to Venezuelan leader Machado, who dedicates it to US President
2 mins
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