Manmohan Singh’s death draws tributes from political, industrial leaders

Former Prime Minister of India Manmohan Singh passes on Tuesday At 92, messages of condolence and tributes have been pouring in from political leaders and industry titans on both sides of the aisle.

Prime Minister Narendra Modi called Singh one of India’s “most outstanding leaders”. post ten X. Modi’s Bharatiya Janata Party defeated Singh’s Congress alliance in the 2014 elections and has been in power ever since.

Modi, who left a “strong mark” on India’s economic policy, added that Singh was a “respected economist”.

Before becoming Prime Minister in 2004, Singh served as Governor of the Reserve Bank of India in 1982 and Finance Minister in 1991.

As finance minister, he led a series of reforms that regulated the Indian economy and opened the country to foreign investment.

Faced with an acute balance of payments crisis, then Prime Minister PV Narasimha Rao and Singh liberalized the economy, paving the way for its rapid expansion in the following decades.

“History will forever honor his pivotal role in the transformative reforms of 1991 that reshaped India and opened its doors to the world.” he wrote Gautam Adani, India’s second richest man and chairman of the Indian conglomerate Adani Group.

Singh returned to politics in 2004 when the Congress-led coalition swept the elections and party leader Sonia Gandhi appointed him prime minister.

During his tenure between 2004 and 2014, India’s gross domestic product initially expanded rapidly, allowing Singh to deploy the new wealth into programs such as National Rural Employment Guarantee Actwhich provides jobs for the poor.

Singh’s later years as prime minister were marked by sclerotic growth, stalled reforms, and allegations of corruption against some members of the government.

Singh played an important role in strengthening India’s ties with Washington. visited the United States many times as prime minister. In 2006, when US President George W. Bush visited India, Singh the deal was successful This gave India access to US nuclear technology.

“Dr. Singh was one of the greatest champions of the US-India strategic partnership, and his work laid the foundation for much of what our countries have achieved together over the past two decades.” he wrote US State Department on Singh’s death.

Apart from the US, Singh also strengthened India’s ties with Russia. He has been a regular participant in the India-Russia Annual Summit, which began in 2000 and aims to deepen cooperation between the two countries and between the BRIC countries.

Russian Ambassador to India Denis Alipov he said “Dr Manmohan Singh’s contribution to our bilateral relations was immeasurable,” in X.