New Delhi:
Former Prime Minister Manmohan Singh was an excellent economist with a visionary outlook on India’s potential, mixed with a nice sense of political feasibility, former RBI Governor Raghuram Rajan stated on Friday.
Dr Singh, the architect of India’s financial reforms, handed away right here late on Thursday on the age of 92.
Mr Rajan described Dr Singh as understated and soft-spoken, qualities that enabled him to draw a few of the brightest minds to his workforce, together with Montek Singh Ahluwalia, Rangarajan, and Rakesh Mohan.
“He was an excellent economist with an amazing imaginative and prescient of what India could possibly be, mixed with a nice sense of what was attainable politically… the liberalisation and reforms he undertook with the help of Prime Minister Narasimha Rao laid the foundations of the trendy Indian economic system,” he instructed PTI.
Mr Rajan, the twenty third Governor of the Reserve Financial institution of India between September 2013 and September 2016 recalled that Singh was all the time curious.
“Most individuals along with his expertise and achievements would maintain forth their views. As an alternative, Dr. Singh heard others out after which tried to utilize what they conveyed, together with criticism.
“And he was a person of nice integrity, by no means utilizing any of his workplaces for private acquire,” Mr Rajan famous.
As RBI Governor, Mr Rajan stated he had common conferences with the then Prime Minister Singh.
“He was an amazing sounding board, however regardless of his prior expertise as governor, he by no means sought to intrude. He had given me the job, and he wouldn’t inform me how one can do it until I requested for recommendation,” he stated.
In line with Mr Rajan, his conferences with Singh have been a few of the most gratifying moments of his RBI tenure.
Dr Singh served as prime minister for 2 phrases from 2004 to 2014.
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