New Delhi:
Former Prime Minister Manmohan Singh was a superb economist with a visionary outlook on India’s potential, mixed with a superb 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 among the brightest minds to his group, together with Montek Singh Ahluwalia, Rangarajan, and Rakesh Mohan.
“He was a superb economist with an amazing imaginative and prescient of what India could possibly be, mixed with a superb sense of what was doable politically… the liberalisation and reforms he undertook with the help of Prime Minister Narasimha Rao laid the foundations of the trendy Indian financial system,” he informed PTI.
Mr Rajan, the twenty third Governor of the Reserve Financial institution of India between September 2013 and September 2016 recalled that Singh was at all times curious.
“Most individuals together 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 achieve,” 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 intervene. He had given me the job, and he wouldn’t inform me the right way to do it except I requested for recommendation,” he stated.
In accordance with Mr Rajan, his conferences with Singh have been among 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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