The architect of India's economic reforms
ECONOMY & POLICY

The architect of India's economic reforms

visionary statesman known for his humility, integrity and persistence, Singh played a pivotal role in ending India’s nuclear isolation by securing the historic India-U.S. nuclear deal. Dr Singh s...

visionary statesman known for his humility, integrity and persistence, Singh played a pivotal role in ending India’s nuclear isolation by securing the historic India-U.S. nuclear deal. Dr Singh served as one of India’s longest-tenured prime ministers, leading the nation for 10 years, and represented the Congress Party in the Upper House of Parliament. Born on 26 September 1932, in a village in undivided Punjab, Singh’s academic brilliance led him to Cambridge University, where he earned a degree in economics in 1957, and Oxford University’s Nuffield College, where he completed his doctorate in 1962. He later taught at Panjab University and the Delhi School of Economics before joining the Indian government in 1971 as an economic advisor. He went on to serve as chief economic adviser, deputy chair of the Planning Commission, and governor of the Reserve Bank of India. Dr Singh’s accolades include the Padma Vibhushan in 1987, the Jawaharlal Nehru Birth Centenary Award in 1995, and the Asia Money Awards for Finance Minister of the Year in 1993 and 1994. As finance minister in 1991, Dr Singh spearheaded transformative economic reforms that steered India away from a socialist framework, opening the economy to global markets and averting a looming financial crisis. His legacy as a reformist leader and economic architect remains unparalleled in India’s modern history.

Next Story
Infrastructure Urban

The Variation Challenge!

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Next Story
Infrastructure Urban

Malaysia-India trade stands at $18.25 billion and is growing at 8.5%

With bilateral trade between Malaysia and India reaching $18.25 billion and growing at an annual rate of 8.5 per cent, economic collaboration between the two nations continues to strengthen. From infrastructure and green energy to technology and manufacturing, new opportunities are emerging for businesses on both sides. Ahmad Zuwairi Yusoff, Consul General of Malaysia, Mumbai, shared insights with CW on key areas of partnership, investment potential and the road ahead. Excerpts:Malaysia has a strong economic presence in India, with around 70 companies operating across key sectors lik..

Next Story
Infrastructure Urban

We have doubled revenue annually with 200 per cent y-o-y growth

According to the Central Pollution Control Board (CPCB), India generates approximately 1.3 million tonne of used tyres annually. Amid this, REGRIP Tyres, a Gurugram-based startup, is pioneering solutions by using high-grade rubber to create refurbished tyres. Operating through a network of over 12 dealers across eight states with 16+ retreading facilities, REGRIP recycles approximately 100,000 tyres annually, preventing up to 20,000 metric tonne of CO₂ emissions, while reengineering over 8,500 tyres for reuse. Tushar Sulhaka, Founder, tells us more.What inspired you to start REGRIP..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?