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Tuesday, January 21, 2025

Manmohan relentless efforts put the Indian economy on strong footing: EEPC India

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EEPC India on Friday condoled the passing away of Dr Manmohan Singh and said an era has ended with the demise of former Prime Minister.

Dr Singh was a man of exceptional caliber who unleashed economic reforms that catapulted India into a different league.

As Finance Minister, Dr Singh rewrote the country’s industrial policy, dismantling license/permit raj and liberalizing policies to attract foreign investment and his relentless efforts put the Indian economy on a strong footing, the EEPC India said.

‘His series of policy measures took India out of the fiscal crisis and ushered in a phase of high growth and prosperity. The economic boom that followed the reforms significantly improved the purchasing

power of the common man and saw the emergence of a growing middle class’, it said.

As Prime Minister, Dr Singh brought the revolutionary MGNREGA scheme to provide guaranteed 100-day jobs to unskilled workers. The scheme continues to act as a shield for the poor and vulnerable section.

Under the Prime Ministership of Dr Singh, legal provisions were made for providing food to the poor, another remarkable policy intervention to help the poor. Among other transformative steps, the government led by Dr Singh brought the Right to Information (RTI) and Right to Education (RTE),” EEPC India chairman Pankaj Chadha said.

The comprehensive economic reforms undertaken by him continue to shape the Indian economy. he added.

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