Manmohan Singh: The phone call in 1991 that changed a nation ...Middle East

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Manmohan Singh: The phone call in 1991 that changed a nation
source : The Times of India ( Middle East ) () 83
In June 1991, Manmohan Singh was unexpectedly appointed as India's Finance Minister by PV Narasimha Rao. Singh, along with Rao, initiated major economic reforms that transformed India's economy from a low-growth state to the fastest growing major economy. Singh's first budget abolished the licence-permit raj, liberalized industries, and focused on fiscal consolidation, significantly boosting India's economic outlook.

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