New Delhi: Over the past three decades, the government consecutive has followed the path of economic reform to make the country a $ 3 trillion economy.
And to the largest economic league in the world.
But the road in front was even more frightening than during the 1991 crisis, the former Prime Minister Manmohan Singh said on Friday.
“This is not the time to rejoice and rejoice but for introspection and reflect on.
Our priority as a nation needs to be re-calibrated for the most importantly ensuring a healthy and dignified life for every Indian,” Singh said in a statement on the night of the historic reform launched by 30 years.
Then, the results are said to be higher experts.
Growth and development.
He said the country had made extraordinary economic progress in the past three decades due to economic reform delivered by the Congress government in 1991, when marking education and health as a concerned field.
Former PM, who was the Minister of Finance in 1991 led reforms under Prime Minister P in PF Narasimha Rao, said that nearly 300 million Indians had been lifted from poverty in this period and hundreds of millions of new jobs provided for young people.
He said the reform process released a free company spirit, which has helped produce several world-class and Indian companies emerged as global forces in many sectors.
“But I was also very sad to the destruction caused by a pandemic Covid-19 and the loss of millions of Indians.
The health and education sectors have been left behind and do not compensate for our economic progress.
Too many lives and livelihoods have been lost which should not,” said Singh, who is a member of the Rajya parliament.
He said the liberalization process in 1991 was triggered by the economic crisis facing the country, but it was not limited to crisis management.
“The edge of India’s economic reform was built on the desire to prosper, trust in our abilities, and the confidence of releasing control of the economy by the government,” said Singh, added that he was fortunate to play a role in his process along with several colleagues in Congress.
“As Minister of Finance in 1991, I ended my budget speech by quoting Victor Hugo,” There is no power on earth that can stop the idea that the time has arrived ‘.
Thirty years later, as a nation, we must remember Robert Frost’s poem, ‘but I have promised to look after, and miles before I sleep’, “Singh said in his statement.
India’s future economic route is more formidable from 1991: Manmohan Singh
