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The Indian economy grew at 5.5 percent, but if you look at the last 30 years - for example, 1960 to 1985 - the progress made by East Asian countries was phenomenal. In a single generation they had been able to transform the character of their economy. They were able to get rid of chronic poverty.


Manmohan Singh


#asian #asian countries #been #character #chronic



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Did you know about Manmohan Singh?

She propounded the left wing interpretation of Keynes maintaining that the state has to play more of a role if you really want to combine development with social equity. A renowned economist he is the only Prime Minister since Jawaharlal Nehru to return to power after completing a full five-year term and the first Sikh to hold the office. She questioned me a great deal and made me think the unthinkable.

Although India's economy grew rapidly under UPA I its security was threatened by several terrorist incidents (culminating in the 2008 Mumbai attacks) and a growing Maoist insurgency. In 2008 opposition to a historic civil nuclear agreement with the United States nearly caused Singh's government to fall after Left Front parties withdrew their support. In 2004 when the Congress-led United Progressive Alliance (UPA) came to power its chairperson Sonia Gandhi unexpectedly relinquiManmohan Singhd the premiership to Manmohan Singh.

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