Dr Manmohan Singh, one of India's most renowned and prominent politicians, celebrates his birthday on September 26, 2024. Manmohan Singh, born in 1932, is largely recognised as the architect of India's economic reform and development. From 2004 to 2014, he was India's 13th Prime Minister, and he implemented a number of economic measures that helped transform the country into one of the world's fastest-growing economies. As we commemorate his 2024 birthday, it is vital to consider his economic legacy and leadership as Prime Minister.

The Economic Reforms of 1991

Manmohan Singh's most significant contribution to India was the economic changes he pushed in 1991 as Finance Minister in P.V. Narasimha Rao's cabinet. At the time, India was experiencing a serious economic crisis, with foreign reserves decreasing, inflation surging, and the country on the verge of defaulting on its loans.