Friday, December 19, 2025
ADVT 
India

Road ahead even more daunting that in 1991: Manmohan Singh

Darpan News Desk IANS, 23 Jul, 2021 03:58 PM
  • Road ahead even more daunting that in 1991: Manmohan Singh

New Delhi, July 23 (IANS) Former Prime Minister Manmohan Singh on Friday said that the road ahead is "even more daunting" than during the 1991 economic crisis and the nation would need to "recalibrate its priorities to ensure a dignified life for all Indians".

In a statement on the occasion of the 30th anniversary of economic liberalisation, he said that on this day 30 years ago, in 1991, the Congress "ushered in significant reforms of India's economy and paved a new path for the nation's economic policy".

"Over the last three decades, successive governments have followed this path to catapult our nation to a $3 trillion economy and into the league of the world's largest economies," he added.

Manmohan Singh said that he "was fortunate to play a role in this reform process along with several of my colleagues in the Congress party" and "it gives us immense joy to look back with pride at the tremendous economic progress made by our nation in the last three decades".

"But I am also deeply saddened at the devastation caused by the Covid-19 pandemic and the loss of millions of fellow Indians. The social sectors of health and education have lagged behind and not kept pace with our economic progress. Too many lives and livelihoods have been lost that should not have been," the former Prime Minister said.

"It is not a time to rejoice and exult but to introspect and ponder. The road ahead is even more daunting than during the 1991 crisis. Our priorities as a nation need to be recalibrated to foremost ensure a healthy and dignified life for every single Indian."

Recalling that as Finance Minister in 1991, "I ended my budget speech by quoting Victor Hugo, 'no power on Earth can stop an idea whose time has come'", he said: "30 years later, as a nation, we must remember Robert Frost's poem, 'But I have promises to keep, and miles to go before I sleep'."

He also said that more importantly, nearly 300 million fellow Indians have been lifted out of poverty in this period and hundreds of millions of new jobs have been provided for the youth.

"The reforms process unleashed the spirit of free enterprise which has helped produce some world class companies and help India emerge as a global power in many sectors. The economic liberalisation process in 1991 was triggered by an economic crisis that confronted our nation then, but it was not limited to crisis management.

"The edifice of India's economic reforms was built on the desire to prosper, the belief in our capabilities, and the confidence to relinquish control of the economy by the government," Manmohan Singh added.

MORE India ARTICLES

Lucky Ali: If Online Clicks Make You Happy, You Are A Loser

In today's day and age, most artistes are trying hard to stay relevant. For singer Lucky Ali, who has been in the music industry for over three decades, it's all about staying "irrelevant". He says that the number of online views his songs garner don't thrill him.    

Lucky Ali: If Online Clicks Make You Happy, You Are A Loser

About 100 JNU Students Detained, Some Injured In Baton-charge By Police

About 100 JNU Students Detained, Some Injured In Baton-charge By Police
On the basis of intelligence inputs, a heavy contingent of police consisting of 800 constables of local police and ten companies of Central paramilitary force was deployed at JNU while key Metro stations were shut.    

About 100 JNU Students Detained, Some Injured In Baton-charge By Police

4 Soldiers, 2 Porters Dead After Avalanche Hits Army Patrol In Siachen

4 Soldiers, 2 Porters Dead After Avalanche Hits Army Patrol In Siachen
Four soldiers and two civilian porters died after they were trapped in an avalanche on the Siachen Glacier's northern sector on Monday, officials said.    

4 Soldiers, 2 Porters Dead After Avalanche Hits Army Patrol In Siachen

Despite Kamal Nath's Plea, Full-Page Ads Come Up On His 73rd Birthday

Select newspapers carried the full page ad that needled Kamal Nath more than greeting him on the important day.    

Despite Kamal Nath's Plea, Full-Page Ads Come Up On His 73rd Birthday

Muslim Students Throng This Sanskrit School In Jaipur

Muslim Students Throng This Sanskrit School In Jaipur
At a time when the interest in the classical language of Sanskrit seems to be declining in the country, a school here stands out.

Muslim Students Throng This Sanskrit School In Jaipur

Rajya Sabha Marshals' New Uniform Raises Hackles

After the uniform of the Rajya Sabha staff was changed to military-style outfit, it led to an outrage among retired officers who sought an immediate action.

Rajya Sabha Marshals' New Uniform Raises Hackles