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‘Erosion of Trust’: Manmohan Singh on Economy’s ‘Precarious State’

In The Hindu, the former PM called for a boost in demand through fiscal policy & a revival of private investment.

Updated
India
2 min read
File image of Former prime minister and Congress leader Manmohan Singh. 
i

Former Prime Minister Manmohan Singh has called the state of the Indian economy “deeply worrying” and has said that the statistics behind the economic slowdown are “manifestations of a deeper underlying malaise.”

Writing in a editorial in The Hindu, the widely-respected economist and Congress leader also criticised the Modi government’s approach to policies of the previous government. saying that the government tends to “look at everything and everyone through a tainted prism of suspicion and distrust.”

Singh has suggested some solutions to revive the flagging economy including a twin-policy solution which would enable a boost in demand through fiscal policy and a revival of private investment through “inspiring trust and confidence in the economic participants in our society.” He also urged PM Modi to let go of “deep-rooted suspicion of industrialists and entrepreneurs” to boost the Indian economy’s fortunes.

Here are some key excerpts from his editorial in The Hindu:

Excerpt from former PM Manmohan Singh’s editorial in<i> The Hindu.</i>
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
(Photo: The Quint)
Excerpt from former PM Manmohan Singh’s editorial in<i> The Hindu.</i>
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
(Photo: The Quint)
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Excerpt from former PM Manmohan Singh’s editorial in<i> The Hindu.</i>
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
(Photo: The Quint)
ADVERTISEMENT
Excerpt from former PM Manmohan Singh’s editorial in<i> The Hindu.</i>
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
(Photo: The Quint)
ADVERTISEMENT
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
(Photo: The Quint)
ADVERTISEMENT
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
(Photo: The Quint)
ADVERTISEMENT
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
(Photo: The Quint)
ADVERTISEMENT
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
(Photo: The Quint)
ADVERTISEMENT
 Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
(Photo: The Quint)
ADVERTISEMENT
 Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
Excerpt from former PM Manmohan Singh’s editorial in The Hindu.
(Photo: The Quint)

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