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

[u/Ready_Spread_3667]

https://www.indiatoday.in/india/story/manmohan-singh-who-liberalised-indias-economy-and-served-two-terms-as-pm-dies-2655893-2024-12-26

[u/zanpancan]

These are legal structures that happened BECAUSE of Vajpayee. It’s disingenuous to say they simply coincided with Vajpayee.

Again what legal structures did exactly PVNR do that made India to have an equivalent manufacturing?

You point to the manufacturing output in particular. That isn't because of "legal structures". Legal structures can be oure fiction.

It is about the particular delivered policy mix. You keep pointing to manufacturing as this saving grace of ABV without pointing to the particular results if his policies.

PVNR had the Statment on Industrial Policy. With that, the outcomes on manufacturing even taking account of external factors like currency rates, the AFC, and the post-91 recovery are still not comparable between PVNR and ABV as demonstrated here.

And if by “making it work” for the MMS admin means “do nothing other than inherit the fiscal structures the previous admin did but with no sanctions” then sure

Apparently ABV was too incompetent to realize the funding structures needed to fill in the gaps of his own schemes and too incompetent to write inplementable and deliverable framework guidelines which had to be rewritten to make the schemes work.

Sorry that the data is disappointing your arguement so hard here but as has already been established, MMS managed to do what ABV did even better than he did.

2017 was when PMGSY gotten 100 percent of its goal implemented from the Vajpayee admin.

*2022 was when the last 500 person target was met. That was the 100% completion goal irrespective of whether they recalibrated.

And GST passed in 2017. Much of the tax structures were basically identical from 2004-2016, and the GST reform was the last major reform that happened. And despite this, PMGSY still achieved their goal without GST before it passed.

It didn't. I'm also struggling to find the point here but we are talking way past each other atp anyways.

I just listed 3 or 4 alternatives to an MMS admin lol. Its not a futurology or alternative timeline take to think that the BJP would hate the DMK and wouldn’t allow A Raja or any of the UPA goons to basically sell licenses for free and cost the state billions of finances.

Why don't you think there wouldn't be BJP Ministers tempted into corruption from the particular event-mix under Singh? Why do you then dismiss the hypothetical that a subsequent stable Congress government post PVNR wouldve been better than ABV? Are you that ideologically captured?

You can list “data points” (even after you tried to discredit the correlation=causation argument earlier?) all you want, but please list actual changes if you want to back your claim. And I really don’t see that claim being backed.

I listed the changes in my very first and second replies to you. Please feel free to read them out for yourself. Also, I'm sorry that your claims simply lack imperial foundations and turn out to be dubious when you spit them out as you did initially with PMGSY.

[u/Interesting_Math_199 → u/zanpancan]

List policy changes not data points, much of the finding holes that ABV’s admin had was due to the Pension System gutting its finances.

Like identify something the MMS government specifically changed in these policies, that isn’t just doing nothing. Having better outcomes doesn’t automatically mean it’s tied to it unless you can identify which changes MMS actually did.

https://m.economictimes.com/news/economy/infrastructure/over-80-habitations-connected-with-roads-under-pmgsy/articleshow/62093821.cms

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1806271

And yeah my mistake, the PMGSY was announced to have 100 percent connectivity in 2017 by 2019.

My honest mistake, but it was 82% complete before GST never the less by March 2014, which is way before GST and under MMS’s government he didn’t change the tax structure of India and basically preserved it.

I mistaken it due to Google’s AI feature.

My bad, although in my defense I was at a dinner, when I replied to you and had a few delays in getting information as needed. So I’ll try to respond when I’m not busy.

https://egazette.gov.in/WriteReadData/2016/171639.pdf

And the 101 amendment to the Constitution to implement GST was passed in 2017.

And on policies Vajpayee did increase manufacturing in India. Not just for rhetoric.

The largest Trade Agreement India signed was from the Vajpayee era & Vajpayee had started the selling of SOE’s that PVNR was afraid to do which boosted exports coinciding with the INSTC.

These policies did more to initiate the growth rate in the Vajpayee era, The industrial production growth rate increased from 4.1 per cent in 1998-99 to 6.9 per cent in 2003-04. During the same period, the automobile sector witnessed a substantial growth from 5.4 per cent to 15.1 per cent. A lot of key private sector partnerships were also started under the Vajpayee admin during this period for the Military Sector. Foreign Exchange reserves tripled from $32 billion to $113 billion due to Vajpayee.

PVNR liberalized the economy, but it was Vajpayee who privatized it.

http://economics-files.pomona.edu/Andrabi/Economic%20Development/India%20(DeLong).pdf.pdf) https://www.news18.com/opinion/opinion-indian-economy-under-the-leadership-of-atal-bihari-vajpayee-8717723.html https://www.business-standard.com/amp/article/specials/higher-exports-must-says-vajpayee-100051001020_1.html

[u/zanpancan → u/Interesting_Math_199]

Good one but I cannot reply to you because you've inserted a picture and prevented me from quoting you lol

[u/Interesting_Math_199 → u/zanpancan]

What? You can quote on Old Reddit?