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“He was a technocrat who ushered in the economic reforms and liberalisation of 1991, opening the doors to India’s economic progress,” Scindia said in a video message, offering condolences to ...
In 1991, when Manmohan Singh became Finance Minister, India was on the verge of economic collapse, with foreign exchange reserves sufficient to cover only a few weeks of essential imports. This was ...
Singh also served as Finance Minister in the government of Prime Minister PV Narasimha Rao from 1991 to 1996, when he was instrumental in implementing sweeping economic reforms in the country.
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India was on the verge of economic collapse in 1991 when foreign exchange reserves dwindled to historic low levels that could only cover a few weeks of imports with the widening fiscal deficit, rising ...
When he took over as finance minister in the minority government of Narasimha Rao in 1991, the Indian economy was very close to sovereign default. Foreign exchange reserves were barely enough to ...
TOMORROW will mark 25 years since the opening of the economy began with the devaluation of the rupee on July 1, 1991. And yet the process of economic reforms in India continues to be trapped in the ...
As Finance Minister in 1991, he faced a severe fiscal crisis with ... Singh championed financial inclusion by opening numerous bank branches nationwide during his tenure as Prime Minister.
Dr. Manmohan Singh, a towering figure in India's economic and political history and the architect of the country's 1991 economic reforms, passed away in Delhi on December 26, 2024, at the age of 92.