Montek Singh Ahluwalia Calls for Second Generation Reforms for India's Future
Montek Singh Ahluwalia Calls for Second Generation Reforms for India's Future
Montek Singh Ahluwalia, the former Deputy Chairman of the Planning Commission, has highlighted the urgent need for a 'second generation of reforms' in India. He believes that without these reforms, the country will struggle to achieve the goal of 'Viksit Bharat'.
Complex Economic Challenges
Ahluwalia points out that India's economy has become more complex, necessitating a new set of reforms. He recalls the significant changes initiated in 1991, led by Dr. Manmohan Singh and supported by Prime Minister Narsimha Rao, which had a profound impact on the country.
Role of Manmohan Singh
Ahluwalia praises former Prime Minister Manmohan Singh for his historic contributions as Finance Minister and Prime Minister. During Singh's tenure, India experienced unprecedented growth, and 138 million people were lifted above the poverty line.
Need for Clear Targets
Ahluwalia stresses that while governments cannot do everything, they should establish clear targets to guide the country towards achieving these necessary reforms.
Doubts Revealed
Montek Singh Ahluwalia
Montek Singh Ahluwalia is an Indian economist who was the Deputy Chairman of the Planning Commission of India. He played a key role in India's economic planning and policy-making.
Second Generation Reforms
Second Generation Reforms refer to a new set of changes and improvements in policies that aim to further develop and modernize the economy. These are needed after the initial reforms have been implemented.
Viksit Bharat
Viksit Bharat means 'Developed India' in Hindi. It is a vision for India to become a fully developed and prosperous country.
Planning Commission
The Planning Commission was an institution in the Government of India that formulated India's Five-Year Plans and strategies for economic development. It has now been replaced by NITI Aayog.
Manmohan Singh
Manmohan Singh is an Indian economist and politician who served as the Prime Minister of India from 2004 to 2014. He is known for implementing major economic reforms in the 1990s that helped open up India's economy.
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