Industry leaders Sunil Mittal and Narayana Murthy honor the legacy of the former Prime Minister and his transformative reforms.
The passing of Dr. Manmohan Singh, former Prime Minister, Finance Minister, and a towering figure in India’s economic history, has left an indelible mark on the nation. As tributes pour in, industry leaders like Sunil Mittal and Narayana Murthy highlight the immense impact of Singh’s visionary leadership and economic liberalization reforms of the early 1990s.
The Reformer Who Transformed India
Dr. Manmohan Singh, who passed away at 92, was the architect of India’s economic liberalization. His landmark reforms in 1991-92 dismantled decades of economic restrictions, opening the country to global markets and unleashing unprecedented entrepreneurial energy.
Sunil Mittal, Founder and Chairman of Bharti Enterprises, expressed deep sorrow over Singh’s demise, describing it as a “great loss.” Recalling Singh’s pivotal role in reshaping India’s economic landscape, Mittal stated, “Indian industry, economy, and especially entrepreneurs owe a debt of gratitude to the liberalization reforms that were ushered in under his leadership.”
Mittal credited Singh’s policies for enabling enterprises and individuals to thrive without the constraints of excessive controls, saying, “For me, that would be his most seminal contribution to the Indian economy and India.”
A Visionary Leader Remembered
As Prime Minister and Finance Minister, Singh accompanied business delegations overseas, promoting India as a destination for global trade and investment. His efforts created a ripple effect, empowering entrepreneurs and fostering innovation.
Mittal, who was part of these delegations, acknowledged Singh’s role in shaping the careers of many business leaders. “Some of us who are carrying forward his legacy of economic reforms would not have been here without his path-breaking policy shift,” he remarked.
A Gentleman and Scholar
Infosys Founder Narayana Murthy also paid tribute, describing Singh as a “gentleman, a scholar, and a value-based politician.” Murthy emphasized Singh’s instrumental role in steering economic reforms under the leadership of then-Prime Minister Narasimha Rao.
“His leadership laid a strong and durable foundation for the acceleration of India’s economic growth. Every Indian should be extremely grateful to this extraordinary individual for enhancing the prosperity of our country,” said Murthy.
The Legacy of Economic Reforms
Dr. Singh’s reforms not only modernized India’s economy but also reshaped the country’s global standing. By removing barriers to trade, encouraging foreign investment, and liberalizing industries, he transformed India into one of the fastest-growing economies in the world.
For Mittal, Murthy, and countless others, Singh’s contributions extend far beyond economic growth—they represent a commitment to empowering future generations and fostering self-reliance.
A Nation’s Gratitude
As India mourns the loss of Dr. Manmohan Singh, his legacy continues to inspire. His vision, humility, and dedication to the nation have left an enduring impact, reminding us that transformative leadership can change the trajectory of a nation.
Through his reforms, Singh empowered not only entrepreneurs but also millions of citizens, ensuring that the prosperity he envisioned was not just for a few but for all.
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