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ArtikelOne More Push  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8743 (Jul. 2011), page 7.
Topik: Prime Ministers; Economic Reform
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.67
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelOn July 24th 1991 Manmohan Singh, then India's finance minister, presented a budget to India's parliament that would change his country and the world. In that fraught summer, Singh devalued the rupee, abolished most of the quotas and licences that dictated who could produce what, and opened some industries to foreign capital. He commended his budget proposals to parliament by paraphrasing Victor Hugo: No power on Earth can stop an idea whose time has come. That idea was India's emergence as a major economic power in the world. The years since have amply vindicated his confidence. Thanks to his efforts India is now a far more successful and resilient economy. It is not on the brink of another crisis. But its recent economic performance has been disappointing enough to provide an alibi for another bout of opportunistic reform, were Singh bold enough to make the most of the opening. In the last years of this government--and the final years of Singh's career--India's politicians need to rouse themselves and give reform another powerful push.
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