Manmohan Singh: One surprising phone call in 1991 that changed India's economy

In 1991, amidst an economic crisis, Manmohan Singh was unexpectedly appointed as Finance Minister by Prime Minister P.V. Narasimha Rao. Singh’s bold reforms dismantled India’s Licence Raj, liberalised trade, and stabilised inflation, laying the groundwork for its transformation into a global economic powerhouse. Despite resistance from critics like the Bombay Club, his policies spurred industrial growth and fiscal discipline. Singh’s economic vision not only revived the economy but also set India on a path of sustained progress.