Economic Reforms 1991

Manmohan Singh had no power base or interest in building one, yet his legacy speaks for itself

Draped in the tricolour, Singh's body was brought from AIIMS to the bungalow in Lutyens' Delhi that had been his home after he demitted the PM's office in 2014

An analysis of economic parameters shows that history will be kinder to him more for his first term than the second

RTI passed to empower citizens to seek information from public authorities, promoting transparency during his tenure as PM

From the 1991 economic crisis to his critique of demonetisation, former PM Manmohan Singh's legacy is marked by his quiet confidence, intellectual depth, and transformative vision for India

Manmohan Singh, who died at 92, was above everything else the embodiment of hope

In a letter, philanthropist and industrialist Ratan Tata conveyed his admiration for former Prime Minister PV Narasimha Rao's "outstanding achievement" in initiating vital economic reforms in India

"If the period between 1991 and 2014 was about putting down the foundations and building the runway, the period from 2014 to 2024 has been about the aircraft taking off," Adani said

QUIET CRITIC: From economic reforms to political storms, ARCHIS MOHAN chronicles the journey of India's 'accidental prime minister' as he retires after 33 years in the Rajya Sabha at 91

When the minority government of Narasimha Rao was formed on June 21, 1991 after the general elections, very few expected major initiatives

The term was first used by the late economist Raj Krishna in 1978 to refer to the low rate of economic growth in the pre-liberalisation era

If India is now considered having the potential to be a leading economy, the 1991 reforms made it possible.

The real issue is that the government and the bureaucracy, unlike in 1991, aren't set up to develop a consensus behind liberalizing reforms

Major economic reforms in the early 1990s changed the face of the Indian economy

The pace of changes in the first 100 days of a minority govt remains unparalleled till today

The three governments of that decade - the Congress, the United Front, and the National Democratic Alliance - went along because whatever the RBI did had no impact on votes

The promises of netas and babus and new laws, however well-meaning, mean little. What matters is implementation on the ground

Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.

While criticising the fiscal deficit target in the FRBM Act, the commentariat ignores the fact that the legislation also stipulated a stiffer revenue deficit target

The frequency in technological change calls for greater market alertness and the younger generation can play a vital role in this regard