Dr. Manmohan Singh is the architect of India's economic liberalisation.

Описание: Economic liberalisation-Singh was appointed finance minister in 1991 by the Congress party-led government under Prime Minister PV Narsimha Rao.

India's economy at the time was facing a serious financial crisis, with the country's foreign reserves at a dangerously low level, barely enough to pay for two weeks of imports.

Singh led the initiative to deregulate the economy to avoid its collapse, which he argued was otherwise imminent. Despite stiff opposition from members of his government and party, Singh prevailed.

He took bold measures that included devaluing the currency, reducing import tariffs and privatising state-owned companies.

He was famously quoted as saying in parliament during his first budget speech in 1991 that "no power on Earth can stop an idea whose time has come".

Later, as prime minister, Singh continued to build on his economic reform measures, lifting millions of Indians out of poverty and contributing to India's rise as one of the world's fastest-growing major economies.
Rights to education, information and identity
As prime minister, Singh took several far-reaching decisions that continue to impact the health of Indian democracy even today.

He introduced new laws that strengthened and guaranteed the right to seek information from the government, allowing citizens an extraordinary power to hold officials accountable.

He also introduced a rural employment scheme which guaranteed livelihood for a minimum of 100 days, a measure economists said had a profound impact on rural incomes and poverty reduction.

He also brought in a law that guaranteed the right to free and compulsory education for children between the ages of 6 and 14, significantly reducing the school dropout rates.

His government also introduced a unique identity project called Aadhar to improve financial inclusion and delivery of welfare benefits to the poor. The current federal government, run by Prime Minister Narendra Modi, has continued to keep Aadhar as a cornerstone for many of its policies.

Deal with US

Singh signed a historic deal with the US in 2008 to end India's nuclear isolation after its 1998 testing of the weapon system.

His government argued that the deal wouldhelp meet India's growing energy needs and sustain its healthy growth rate.

The deal, seen as a watershed moment in the India-US relations, promised to grant a waiver to India to commence civilian nuclear trade with the US and the rest of the world.

But it faced massive opposition, with critics of the deal alleging that it would compromise India's sovereignty and independence in foreign policy. In protest, the Left Front withdrew support from the governing alliance.

Singh, however, managed to save both his government and the deal.


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