"Manmohan Singh’s Landmark 1991 Budget Speech: The Dawn of a New India" Manmohan Singh’s Historic 1991 Budget Speech: A Turning Point in India’s Economic Journey On July 24, 1991, then Finance Minister Dr. Manmohan Singh delivered a landmark budget speech that transformed India’s economic landscape. Amidst one of the most severe financial crises in the country’s history, his reforms marked the beginning of India's journey towards liberalisation, global integration, and sustained economic growth. Economic Reforms in the Face of Crisis Dr. Singh’s 1991 budget was unveiled during a dire balance of payments crisis, with India holding foreign exchange reserves sufficient for just 15 days of imports. Highlighting the urgency, Singh declared, “Neither the government nor the economy can live beyond its means year after year.” His bold measures sought to stabilise the economy and prepare India for global competition. The End of License ... if you want to know more click 👇 below the link
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