Close Menu
    What's Hot

    Glass Lewis backs Palermo in Monte Paschi CEO showdown

    April 5, 2026

    Family Returns to NYC 10 Years After Leaving to Discover Roots

    April 5, 2026

    XRP Price Prediction: Analyst Calls $27

    April 5, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Economy»Manmohan Singh, India’s reluctant prime minister, dies aged 92 By Reuters
    Economy

    Manmohan Singh, India’s reluctant prime minister, dies aged 92 By Reuters

    Press RoomBy Press RoomDecember 26, 2024No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Devjyot Ghoshal and Matthias Williams

    NEW DELHI (Reuters) -Described as a “reluctant king” in his first stint as prime minister, the soft-spoken Manmohan Singh, who died on Thursday at the age of 92, was arguably one of India’s most successful leaders.

    Singh, the first Sikh to lead his nation, was prime minister from 2004 to 2014, serving a rare two terms. He had been undergoing care for age-related medical conditions.

    Singh is credited with steering India to unprecedented economic growth and lifting hundreds of millions out of dire poverty.

    “India mourns the loss of one of its most distinguished leaders,” said Prime Minister Narendra Modi.

    Born into a poor family in a part of British-ruled India now in Pakistan, Manmohan Singh studied by candlelight to win a place at Cambridge University before heading to Oxford, earning a doctorate with a thesis on the role of exports and free trade in India’s economy.

    He became a respected economist, then India’s central bank governor and a government adviser, but had no apparent plans for a political career when he was suddenly tapped to become finance minister in 1991.

    During that tenure to 1996, Singh was the architect of reforms that saved India’s economy from a severe balance of payments crisis and promoted deregulation, as well as other measures that opened an insular country to the world.

    Famously quoting Victor Hugo in his first budget speech, he said: “No power on earth can stop an idea whose time has come,” before adding: “The emergence of India as a major economic power in the world happens to be one such idea.”

    Singh’s ascension to prime minister in 2004 was even more unexpected.

    He was asked to take on the job by Sonia Gandhi, who had led the centre-left Congress Party to a surprise victory. Italian by birth, she feared her ancestry would be used by Hindu-nationalist opponents to attack the government if she were to lead the country.

    Riding an unprecedented period of economic growth, Singh’s government shared the spoils of India’s newfound wealth, introducing welfare schemes such as a jobs programme for the rural poor.

    In 2008, his government also clinched a landmark deal that permitted peaceful trade in nuclear energy with the United States for the first time in three decades, paving the way for strong relations between New Delhi and Washington.

    But his efforts to further open up the Indian economy were frequently frustrated by political wrangling within his own party and demands made by coalition partners.

    ‘HISTORY WILL BE KINDER TO ME’

    While he was widely respected by other world leaders, at home Singh always had to fend off the perception that Sonia Gandhi was the real power in the government.

    The widow of former prime minister Rajiv Gandhi, whose family has dominated Indian politics since independence from Britain in 1947, she remained Congress Party leader and often made key decisions.

    Known for his simple lifestyle and with a reputation for honesty, Singh was not personally seen as corrupt. But he came under attack for failing to crack down on members of his government as a series of scandals erupted in his second term, triggering mass protests.

    The latter years of his premiership saw the Indian growth story that he had helped engineer wobble as global economic turbulence and slow government decision-making battered investment sentiment.

    In 2012, his government was tipped into a minority after the Congress Party’s biggest ally quit their coalition in protest at the entry of foreign supermarkets.

    Two years later Congress was decisively swept aside by the Bharatiya Janata Party under Narendra Modi, a strongman who promised to end the economic standstill, clean up graft and bring inclusive growth to the hinterlands.

    At a press conference not long before he left office, Singh insisted he had done the best he could.

    © Reuters. FILE PHOTO: India's Prime Minister Manmohan Singh talks to Lesotho's Prime Minister Tom Thabane (not pictured) during a meeting in New Delhi March 11, 2014.  REUTERS/Prakash Singh/Pool/File Photo

    “I honestly believe that history will be kinder to me than the contemporary media or, for that matter, the opposition parties in parliament,” he said.

    Singh is survived by his wife and three daughters.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Wall Street slides as valuation concerns, rate-cut jitters linger

    November 18, 2025

    Wall St opens lower as valuation concerns, rate-cut jitters linger

    November 18, 2025

    They solved for the Kansas City Chiefs enforcement equilibrium

    September 5, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    Glass Lewis backs Palermo in Monte Paschi CEO showdown

    April 5, 2026

    Family Returns to NYC 10 Years After Leaving to Discover Roots

    April 5, 2026

    XRP Price Prediction: Analyst Calls $27

    April 5, 2026

    Notable healthcare headlines for the week: Apellis, Centessa, and UnitedHealth in focus

    April 5, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • April 2026
    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.