Home >Economy >India must recalibrate its priorities, says Singh

New Delhi: This is the time for introspection and recalibration of priorities and not the time to rejoice, despite India’s economic progress in the last three decades of economic liberalization, as the road ahead is daunting, former prime minister Manmohan Singh said on Friday.

“It is not time to rejoice and exult but to introspect and ponder. The road ahead is even more daunting than the 1991 crisis. Our priorities as a nation need to be recalibrated to foremost ensure a healthy and dignified life for every single Indian," Singh said in a statement released by the Congress party on the 30th anniversary of economic liberalization.

Singh had served as the finance minister in the Narasimha Rao government between 1991 and 1996, playing a key role in bringing out comprehensive economic reforms, which gave momentum to economic growth in subsequent years.

The former prime minister said he was deeply saddened at the devastation caused by the covid-19 pandemic.

Singh recalled that as the finance minister in 1991 he had ended his budget speech by quoting Victor Hugo, saying, “No power on Earth can stop an idea whose time has come." Thirty years later, as a nation, India must remember Robert Frost’s famous line, “But I have promises to keep, and miles to go before I sleep," Singh said.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Edit Profile
My ReadsRedeem a Gift CardLogout