Manmohan Singh is a middle-class indian hero!!!
A major factor in the growth of the indian middle class has been the death of former prime minister Manmohan Singh on december 26. When he served as India's finance minister in the early 1990s, he was regarded as the main force behind the country's economic liberalization. Later, as prime minister for ten years (2004-2014), he was instrumental in changing the indian economy. The middle class began to embrace the new economic policies in the early 1990s because they provided them with real financial advantages, such as tax reductions and an increase in the personal income tax ceiling. Additionally, the growth of industries, especially the service sector, and foreign investment gave the middle class the chance to change jobs and earn more money.
The middle class valued Dr. Singh's political approach because he was pragmatic and open-minded, and he was generally free of all ideological overtones. The middle class started to feel pleased to have an Oxford graduate and world-class economist as their prime minister after he was appointed to the position under the UPA-I government. Even the nri community became less prejudiced about the "dynasty," and Dr. Singh became their hero.
Numerous academics contended that Dr. Singh's liberal economic policies, spearheaded by then-prime minister P. V. narasimha Rao in the 1990s, changed the role of the middle class as well as their views, way of life, and purchasing habits. The middle class became a major economic force in india as a result of the easy access to consumer goods like cell phones, the increase in pay for MNC management personnel, and the expansion of consumer choice for products like vehicles, washing machines, and color television. As the proportion of the population living below the poverty line decreased from 37% in 2004–05 to 22% in 2011–12, the size of the middle class grew. The UPA's strategy of "reforms with a human face" and inclusive programs like the Employment Guarantee Act and Food Security Act, which were intended to protect the poor, encouraged many individuals to join the aspirational class.
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S Venkateshwari

27/12/2024 07:32 PM