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- His right-wing measures gave the Capitalists the breathing space they needed to flourish their businesses in the existing economy. But he alleviated their suspicions by also increasing the corporate tax from 40 to 45 percent, proving that he had other plans for the economy, barring just saving it from the face of an economic cataclysm.
yourstory.com/2016/09/manmohan-singh-economic-reformsManmohan Singh: The man who saved the Indian Economy in 1991
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Sep 26, 2016 · Foreign Investment. Singh stated that it was prudent to welcome foreign investment into the Indian Capital. This would give a much-needed boost to industrialisation by encouraging the spirit of...
Manmohan Singh threw away the redundant economic philosophy of socialist capitalism encouraging entrepreneurship. He welcomed foreign investment for direct funding of industrialisation in India. Markets were thrown open for foreign investors and multi-national companies prompting the then Opposition party, the BJP, to lead nationwide protests ...
3 days ago · Dr Manmohan Singh celebrated his 92nd birthday today. The Congress veteran, former prime minister, and acclaimed economist, regarded as the architect of India’s economic reforms in 1991, received birthday wishes from leaders across the political spectrum. PM Narendra Modi wished him a “long and healthy life”, while Congress leader Rahul ...
Jul 24, 2022 · Manmohan Singh, the brain behind the reforms as Rao’s finance minister, told Sitapati: “I had no inkling that Rao was in favour of liberalisation based on his past record.” A socialist at heart, Rao was a protectionist until 1991.
Jul 23, 2021 · How Narasimha Rao and Manmohan Singh rescued India in 1991 and made history. The reforms were undertaken exactly 30 years ago, at a time when India was facing its worst economic crisis. Here’s a look at what led to the crisis and how India weathered it. Remya Nair.
- Remya Nair
Aug 9, 2023 · However, that is unlikely to make Rao stop his liberalisation package—though one theory has it that if Manmohan Singh's pushiness turns out to be politically lethal, he will be sacrificed instantly.
Sep 25, 2012 · The idea he was advancing was that of the liberalisation of the Indian economy, and the reforms he ushered in proved almost revolutionary, lifting many of the controls of the "licence-permit-quota...
