India’s former prime minister Manmohan Singh, who died aged 92 on Thursday, launched a transformative liberalisation of the state-controlled economy during a 1991 currency crisis, putting the country on a long-term trajectory of faster growth and rising global influence.
As finance minister from 1991 until 1996, Singh overcame entrenched political resistance to end decades of isolation and stagnation, open India’s doors to greater foreign trade and private investment, and begin its integration into the global economy.
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