Dr.Manmohan Singh : A Lone Warrior Who Unshackled Indian Economy

Published Date: 27-12-2024 | 1:11 pm

Few in India could have ever imagined that a soft-spoken academic, Dr.Manmohan Singh, would be transforming India, first as a finance minister and later as the Prime Minister into a vibrant economy on the earth.

It is natural that his passing away even at the ripe age of 92 has shocked the people across the country irrespective of their political affiliations.

There is a general apprehension that with the exit from his mortal existence, crony capitalism might resurface in the country on any pretext either supported by the political bosses under the garb of some defunct leftist ideology or under other issues.

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He will  be remembered as one of the most courageous economists of India for transforming the Indian economic growth from the low four percent economic growth known as the Hindu -economic growth (1950-1991) into a vibrant economy, perhaps, an envy even for the developed world.

Dr. Singh is a lighthouse for contemporary economists. Those aware of the entrepreneurial talent of India are convinced that the decision of the government favouring government control on the economy was an effort to control people’s genius and initiative for retaining political power. Indeed, in this background, his efforts could be stated to be Herculean. He will also be remembered for diluting the Industrial Policy Resolution (1956) and the Monopolies Restrictive Trade Practices  1969, but the threat of a restrictive economic regime is still haunting.

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The message of Dr. Manmohan Singh, a visionary, would be continuing to illuminate us for his uprightness, fair play and commitment for a genuine economic growth not being camouflaged by false statistics and narratives. The country’s tribute to the person, who revolutionised the Indian economy into a free economy will be to protect his ideals for ensuring the country’s march towards progress.

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