Dr. Manmohan Singh, Architect of India’s Economic Reforms, Dies at 92
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Dr. Manmohan Singh, Architect of India’s Economic Reforms, Dies at 92

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On December 26, 2024, Dr. Manmohan Singh, at the age of 92, passed away as Indians bid a heartfelt farewell to him. He revolutionized the political and economic landscape of India through his keen intellect, humility, and resilient dedication to public service. 

From Humble Beginnings to Academic Brilliance 

Dr. Singh was born in Gah, Punjab (now in Pakistan) on September 26, 1932. His journey from a modest background to globally recognized fame demonstrates his diligence and excellence in academia. He studied economics for his degrees after graduating from Punjab University in 1948,  earning a DPhil from Oxford University in 1962. His subsequent contributions to the country’s economic structure have been influenced by his thesis, which critically assessed India’s trade policy. 

A Visionary Economist and Administrator 

Dr. Singh started his academic career as a professor at the Delhi School of Economics and Punjab University. He quickly gained important positions as Secretary-General of the South Commission in Geneva and in international organizations such as UNCTAD attributable to his competence. He held important roles in India’s governance, including Governor of the Reserve Bank of India, Chief Economic Advisor in the Ministry of Finance, and Economic Advisor in the Ministry of Commerce. His profound knowledge of India’s economic difficulties, gained from these positions, served as the basis for the revolutionary policies that would define his legacy. 

The Architect of India’s Economic Reforms 

In an era of acute economic crisis, Dr. Singh served as Finance Minister (1991–1996). He implemented broad reforms that liberalized India’s economy in order to prevent the financial crisis. His policies emphasized fiscal control, ceased the Licence Raj, and allowed international competition in Indian markets.  

He quoted Victor Hugo as he said, “No power on earth can stop an idea whose time has come,” in his historic 1991 budget speech. For India, this signalled the start of a new age that would lead to economic stability and recognition worldwide. 

A Decade of Leadership as Prime Minister 

Dr. Singh headed the United Progressive Alliance (UPA) administration for two consecutive terms as India’s 14th prime minister, from 2004 to 2014. His leadership was distinguished by his emphasis on social empowerment and inclusive growth, and he was well-known for his quiet perseverance.  Among his major accomplishments during his term was the National Rural Employment Guarantee Act (NREGA), which gave millions of people in rural India access to employment possibilities.  

  • The Right to Information (RTI) Act: Enhancing transparency and accountability in government. 
  • The United States and India’s Civil Nuclear Agreement: strengthening Indian credibility globally. 

Dr Singh also played a crucial role in steering India through the global financial crisis of 2008, ensuring economic stability and fostering growth during turbulent times.

A Respected Voice in Indian Politics 

Dr. Singh served in parliament for several years. Although he never contested for Lok Sabha, he was an important figure in Indian politics, serving as Leader of the Opposition from 1998 to 2004 and representing Assam in the Rajya Sabha for five terms until moving to Rajasthan.  He was frequently criticized during his career; critics called him “Maunmohan Singh” because of his perceived silence during controversies. But Dr Singh always defended his record, saying, “History will be kinder to me than the contemporary media or the Opposition.” 

Accolades and Global Recognition 

In addition to international achievements like the Euromoney and Asiamoney Awards for Finance Minister of the Year, Dr. Singh received other awards for his contributions, including the Padma Vibhushan (1987). He received honorary doctorates from prestigious universities including  Cambridge and Oxford in recognition of his academic accomplishments. 

Enduring Legacy: Economic Reforms and the RTI Act 

The foundation of Dr. Singh’s legacy extends to his economic reforms. In addition to stabilizing  India’s economy, his 1991 actions established the country as an important factor on a global level.  During his term as prime minister, his administration introduced the RTI Act into existence, giving people the ability to hold government officials responsible. Despite challenges and criticisms, the law remains a powerful tool in the hands of ordinary Indians. 

A Quiet Leader with Monumental Impact 

Dr Manmohan Singh’s life was not just a story of remarkable achievements but also of unwavering humility and grace. Through his calm yet deep leadership, he touched the lives of millions of people, embodying the blend of intelligence, honesty, and compassion. As India observes a seven-day national mourning, the nation reflects on a man who redefined governance, inspired hope during crises, and devoted his life to the service of others. His legacy lives on in the hearts of everyone who saw his unselfish commitment to creating a better, more equitable India, in addition to being marked in-laws and reforms. Even though Dr. Singh is no longer with us, his insight, counsel, and unwavering faith in this country’s potential will continue to lead India for many years to come.

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