India’s 14th Prime Minister, Manmohan Singh passed away at AIIMS, Delhi, Thursday at age 92. During his tenure, India emerged as one of the world’s fastest-growing economies.
In an 'Off The Cuff' conversation with Shekhar Gupta & Manasi Phadke, Mahesh Vyas, also the CEO of Centre for Monitoring Indian Economy, also spoke of bringing reforms in the Indian economy.
Former finance minister Chidambaram called it a ‘step forward post-liberalisation’. It’s significant because it was a Congress government that brought in liberalisation in 1991.
In a column on the occasion of 30 years of economic liberalisation, Reliance chairman Mukesh Ambani said bold economic reforms helped GDP of $266 billion in 1991 grow over ten times.
In a statement Friday, the former PM and architect of 1991 economic reforms said he was 'deeply saddened' by impact of Covid pandemic on Indians. Read his full statement here.
PM Modi's popularity remains unmatched, as does his flair for dramatic gesture. But his govt and Indian bureaucracy aren’t set up to develop a consensus behind liberalising reforms.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
This was made possible by my godship and lawyer’s lovely marriage. The majority of litigious societies are not necessarily utopian.