- India’s economy was in a wheelchair when Manmohan became the Finance Minister and put it on the fast track.
Indian Economy: Prime Minister Narendra Modi has praised former PM Manmohan Singh in the Rajya Sabha today. PM Modi greeted the members ahead of the Lok Sabha elections and talked about Manmohan Singh’s guidance, contribution, inspiration, and work in the economy. He said that ideological differences are short-lived.
India’s economy was in a wheelchair when Manmohan became the Finance Minister and put it on the fast track. : DETAILS
Today in the Rajya Sabha, Prime Minister Narendra Modi has praised former PM Manmohan Singh. This is the last session of Parliament before the Lok Sabha elections. During this, PM Modi has congratulated all the retiring members today. Prime Minister Narendra Modi today said in the farewell speech of former PM Manmohan Singh that ideological differences are short-lived. Former PM Manmohan Singh has guided the House for so long. Has guided the country. PM Modi said that whenever our democracy is discussed, Manmohan Singh’s contribution will be discussed in it. The way former PM Manmohan has conducted the life of the country. We are trying to learn the kind of talent he displayed during his tenure.
India’s economy was in a wheelchair when Manmohan became the Finance Minister and put it on the fast track. : Referring to the discussion on Delhi Service Bill in the Lok Sabha
Referring to the discussion on Delhi Service Bill in the Lok Sabha, Prime Minister Modi also mentioned the presence of former PM Manmohan Singh. He said that there was a voting opportunity in the Lok Sabha. They knew that victory was going to be for the ruling party, but Dr Manmohan Singh came in a wheelchair and voted. He is an example of how conscious an MP is about his responsibilities. He is an inspiring example.
Referring to the discussion on Delhi Service Bill in the Lok Sabha, Prime Minister Modi also mentioned the presence of former PM Manmohan Singh. He said that there was a voting opportunity in the Lok Sabha. They knew that victory was going to be for the ruling party, but Dr Manmohan Singh came in a wheelchair and voted. He is an example of how conscious an MP is about his responsibilities. He is an inspiring example.
The economic crisis had come upon the country
In June in the year 1991, the government faced a huge crisis. The country’s foreign exchange reserves had become empty. The situation was such that an amount of one billion dollars was left. With this, the country could procure only 20 days’ worth of oil and food items. Apart from this, huge foreign debt had reached the throat. A similar situation has happened in Sri Lanka. India had reached close to the same situation.
This was the time when Chandrashekhar’s government was in power in the country. He was the Prime Minister of the country for seven months from November 1990 to June 1991. When PV Narasimha Rao became Prime Minister on June 21, 1991, it seemed that India would not be able to repay its foreign debt on time. Will be declared in default.
