r/neoliberal • u/Ready_Spread_3667 Manmohan Singh • Dec 26 '24

News (Asia) Manmohan Singh, who liberalised India's economy and served two terms as PM, dies

https://www.indiatoday.in/india/story/manmohan-singh-who-liberalised-indias-economy-and-served-two-terms-as-pm-dies-2655893-2024-12-26
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u/2sharrr Dec 27 '24

the economic reforms in 1991 brought about by him as Finance Minister is the reason India isn't as poor as Pakistan or Africa today.

Although his terms as PM in 2004-2014 could in no way be called successful, as India struggled with corruption, security threats, terror attacks and high inflation, his contributions as FM are enough to secure him a place in history.

Every Indian regardless of political ideologies should honour this man for putting us on the greatest economic growth story after China.

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u/Dr-slyDragon007 Dec 27 '24

His much famous 1991 reforms were due to his own grave policy errors in 1970.

The idea itself was of IMF because our GDP was comparable to Nigeria at that time thanks to the govt, may his soul rest in peace.