India's economic liberalization in the early 1990s was a transformative period driven by the partnership between Dr. Manmohan Singh, who implemented specific economic reforms, and Dr. Narasimha Rao, who created the necessary political environment, setting the foundation for sustained economic growth.
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Raghuram Rajan on Demonetisation & India’s EconomyAdded:
You know, I think there is a tussle in my view Okay. between Dr. Manmohan Singh and Mr. Yashwant Sinha.
Yashwant Sinha from the NDA. Yeah.
Manmohan Singh, of course, from the early Congress. But why? Like why? Give me one one reason why. I think Dr. Manmohan Singh did the big liberalization in the in the early '90s.
>> '92s, yeah. And and that was a time of tremendous change.
And I think, you know, it took that combination of Dr. Narasimha Dr. Narasimha Rao who facilitated the political environment and Dr. Manmohan Singh who laid out the specific reforms. So, I I think that was spectacular and it set the pace for growth.
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