Lagatar24 Desk
New Delhi: Former Prime Minister Manmohan Singh, revered as the architect of India’s economic reforms, had expressed significant concerns about the state of the economy during his last interview on May 5, 2019. He pointed out that the Indian economy had become “over-regulated” and heavily influenced by governmental and regulatory interference.
In his remarks, Singh highlighted the growing threat of recession based on the prevailing economic indicators at the time. He also lamented the increasing judicial interventions in economic policymaking, emphasizing that such developments were counterproductive.
The former PM strongly criticized the Narendra Modi government for its approach to economic policy, alleging a lack of vision and understanding. Singh famously referred to the demonetisation decision as a “disruptive measure” and described it as an “organized loot and legalized plunder.” He firmly believed demonetisation was one of the biggest scams in the history of independent India.
In the same interview, Singh acknowledged the public dissatisfaction with the superficial changes introduced by the government and underlined the importance of accountability and transparency in a democracy. He even remarked that he wouldn’t hesitate to act against members of his own party if required to uphold democratic principles.
The former PM accused the Modi administration of failing to ensure accountability in corruption cases and criticized its opaque governance model. Known as a staunch advocate of political consensus and economic reforms, Singh’s legacy remains pivotal in shaping India’s economic landscape.
