Dr. Manmohan Singh was a unique contributor to Indian politics and economy
The death of former Prime Minister of India Dr. Manmohan Singh is a huge loss not only for Indian politics but also for the economy. His contribution has been historic not only as a Prime Minister but also as an economist and policy maker.
Dr. Manmohan Singh served as Prime Minister from 2004 to 2014. After he became Prime Minister, there was a newness in Indian politics, as he was known more as a scholar and economist than a politician. Under his leadership, India started many important economic and social schemes. After becoming Prime Minister, Dr. Singh promoted the demand-based model for development in the Indian economy. He also emphasized on infrastructure development, employment generation and social security schemes in rural areas, which was extremely important. From this point of view, he also made every effort to bring the weaker sections of Indian society into the mainstream of development.
Apart from this, Dr. Singh started many important social schemes under his government, including important schemes like "Mahatma Gandhi National Rural Employment Guarantee Scheme" (MGNREGA) and "National Health Insurance Scheme". The RTI law was also started during his tenure. The schemes implemented during his tenure provided employment and social security to millions of people and made government schemes easy for the poor to access.
Dr. Manmohan Singh's foreign policy as Prime Minister was also very effective. He gave India a strong role on the international stage. By signing the Indo-US nuclear deal in 2008, India gained an important position in the global nuclear supply chain. Along with this, under his leadership, India strengthened its position in the BRICS (Brazil, Russia, India, China, South Africa) group, which has emerged as an important force in global politics today.
Dr. Manmohan Singh's contribution to the Indian economy has also been unprecedented. In 1991, when India was facing a serious economic crisis, he was removed from the post of Governor of the Reserve Bank of India and appointed as the Finance Minister. At this time the Indian economy was going through a serious crisis, the foreign exchange reserves were almost exhausted and the country had a huge foreign debt. Dr. Singh took several important steps to turn this crisis into an opportunity. He started the process of economic liberalization in 1991, which brought about a major change in the Indian economy.
During the economic crisis of 1991, Dr. Manmohan Singh led India towards economic reform through his policies. Instead of taking loans from abroad, he took measures to attract foreign investment to strengthen India's internal capacity. He made policies for export, import and foreign investment, which strengthened India's economic position. The economic reforms carried out by him gave a new direction to India and established India as an emerging power on the global stage. The growth rate of the Indian economy increased rapidly under the leadership of Dr. Singh. In the 1990s, India's GDP growth rate remained between 6-7 percent, which was a historic achievement for that time. Apart from this, he strengthened Indian banks and financial institutions, which improved India's financial position and increased its competitiveness in the world market.
An important aspect of Dr. Manmohan Singh's personality was also his simplicity and ethical leadership. He always kept to his own business and stayed away from personal controversies. The level of transparency and accountability in the government was high under his leadership. Under his leadership, efforts were made to control the problem of corruption, although some controversies also took place during his time, but his personal conduct and honesty cannot be questioned.
His demise has certainly caused a precious loss to Indian politics and economy. A skilled economist and prudent leader like him now seems rare in Indian politics. He led the country towards a strong economy and under his leadership India made its mark on the global stage. Today, when the country is facing economic slowdown and political instability, the loss of Dr Singh and his contributions have become even more relevant.
His warmth, consistency of decisions and his farsighted approach will always be remembered in Indian politics and society. No lasting alternative to his advice, his policies and his leadership has emerged so far. His demise has created a huge void in Indian politics, which will not be easy to fill.
Dr Manmohan Singh's life is an inspiration and his contributions will be written in golden letters in the history of Indian politics and economy. His demise is not just the loss of an individual, but marks the end of an entire era. The imprint of his plans, his vision and his actions will remain on India forever, and his legacy will serve as a guide for generations to come.
Post a Comment