AS THE NATION mourns the passing of former Prime Minister Dr Manmohan Singh, I reflect on my professional and personal association with him. His demise marks the loss of a visionary economist, a statesman, and a leader whose humility and grace distinguished him in public life. Having witnessed his leadership up close, I am reminded of the profound impact of his intellect and values on the nation's journey.
Having been associated with the technology sector since the 1970s, I vividly recall the challenges we faced in hardware and technology imports. The economic liberalisation of 1991 came as a transformative moment that few could have imagined. What was once a herculean task—even importing basic computing equipment—gave way to an era of unprecedented growth. Today, that same sector has grown from a mere $150 million in 1991 to over $245 billion in annual revenue, employing 5.4 million directly and creating indirect employment for over 10 million Indians. The reforms did not just open up the economy; they unleashed India's entrepreneurial spirit, putting the nation on the global map and creating opportunities for youths across the length and breadth of the country.
This story is from the December 28, 2024 edition of Financial Express Ahmedabad.
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This story is from the December 28, 2024 edition of Financial Express Ahmedabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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