Manmohan Singh reshaped India's economic destiny through liberalization. As finance minister in 1991, Singh introduced India's economic liberalization, pulling the nation from its economic stagnation into the modern world. His famous budget speech on July 24, 1991, borrowed from Victor Hugo: "No power on earth can stop an idea whose time has come." Singh's reforms opened industries that barely existed before, fundamentally transforming India's economic landscape. With a background in international trade and education from Cambridge and Oxford, he understood that India's inward-looking trade policy was a trap. His measured approach, grounded in facts rather than political theater, proved prescient. Those who came of age in the 1990s and after benefited directly from his vision, finding careers in newly liberated sectors.
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