Manmohan Singh bows out as PM after 10 years at helm

Huge scams undid the good work of the 81-year-old leader, who is the only one to serve two full terms as PM in succession outside the Gandhi family

Press Trust of India New Delhi
Last Updated : May 17 2014 | 3:21 PM IST
Manmohan Singh, the accidental politician who came from an economic background, demitted office as Prime Minister today after 10 years at the helm leaving behind a mixed bag in governance.

Huge scams that surfaced during UPA II may have undone the good work of the 81-year-old leader, who had achieved the distinction of serving two continuous full terms as Prime Minister, only one to do so after the first PM Jawaharlal Nehru's 17 years in office.

Architect of economic reforms, he entered politics at the height of the 1991 economic crisis when late Prime Minister P V Narasimha Rao inducted him into the government as Finance Minister.

Together they lifted the economy out of the balance of payments crisis and then paved the way for the economic reforms on which no successive government has looked back.

A technocrat who had occupied various positions including as Reserve Bank Governor and Secretary General of the South-South Commission, he had earned a name for probity and integrity that made him the automatic choice for Sonia Gandhi when she decided to renounced the post of Prime Minister.

Taking over as Prime Minister from the NDA government in the aftermath of the 2002 post-Godhra riots and a surcharged communal atmosphere, Singh's administration brought in a sense of balance in the situation.

Despite pulls and pressures from allies, especially the Left parties, Singh displayed considerable determination to go ahead with the Indo-US nuclear deal and to end the sanctions regime against India even unmindful of the threats to his government.

A renowned economist, his governments also delivered a robust 8.5 per cent GDP growth for most of his tenure but the scams--2G, CWG and Coal block allocations--and the resultant policy paralysis of the government stymied his performance.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 17 2014 | 3:19 PM IST

Next Story